Trump’s Wall Street game plan needs players
Washington (Reuters) – Wall Street banks on Tuesday cheered U.S. President Donald Trump’s plans to loosen the leash put on them in the wake of the 2008 financial crisis but they do not expect significant change any time soon.
Credit card losses set to climb industrywide: JPMorgan’s Smith
(Reuters) – U.S. credit card losses are likely to rise at JPMorgan Chase & Co and across the industry, Gordon Smith, head of the bank’s consumer businesses, said at a conference on Tuesday.
Boeing to restructure defense, space unit
(Reuters) – Boeing Co said on Tuesday it would restructure its defense, space and security (BDS) division into smaller units and cut about 50 executive positions, as the world’s largest plane maker seeks to make its business more responsive to custome…
Time Inc to cut 300 positions, or 4 percent of workforce: memo
NEW YORK (Reuters) – Time Inc said on Tuesday it is eliminating 300 positions, or 4 percent of its workforce, through layoffs and buyouts, according to an internal memo reviewed by Reuters.
Citigroup examining ways to return more capital to shareholders: CFO
NEW YORK (Reuters) – Citigroup Inc is looking at more efficient ways to meet regulatory requirements so it can return more capital to shareholders, Chief Financial Officer John Gerspach said at a conference on Tuesday.
Nasdaq seeks to block Bats push for market-close orders
NEW YORK (Reuters) – Nasdaq Inc has urged regulators to reject a proposal by rival exchange operator Bats to compete for stock orders at the market close, saying it would undermine Nasdaq’s closing process and harm publicly-listed companies and their …
Uber CEO takes leave of absence amid sweeping changes after scandals
SAN FRANCISCO (Reuters) – Uber Technologies Inc Chief Executive Officer Travis Kalanick told employees on Tuesday he will take time away from the company he helped to found, one of a series of measures the ride-hailing company is taking to claw its way…
Big investors, unfazed by techs’ roller coaster, buy ‘FANG’ stocks
NEW YORK (Reuters) – Large investors, whose high exposure to large-cap technology stocks boosted their returns during the first quarter of the year, are doubling down on their investments even as stocks like Apple Inc and Facebook Inc stumble.
Ryanair in talks with Boeing over new version of 737 – sources
PARIS/DUBLIN (Reuters) – European low-cost airline Ryanair is in talks with Boeing about placing an order for its proposed new 737 MAX 10 airliner, two people familiar with the matter said on Tuesday.
Upscale retailer Neiman Marcus shelves plans for a sale
(Reuters) – Upscale retailer Neiman Marcus Group said it had terminated any talks regarding a partial or full sale of the company, nearly three months after embarking on a plan seeking strategic alternatives.
