Brazil watchdog opens new probes into JBS-related insider trading
SAO PAULO (Reuters) – Brazil’s securities regulator said it launched four new probes against meatpacker JBS SA and other companies controlled by J&F Investimentos on Friday to investigate suspicious trades made before markets were rattled by the revelation of a plea deal by the company’s top executives.
Trump to offer exclusive contract to service U.S. student loans
WASHINGTON (Reuters) – President Donald Trump’s administration will soon offer an exclusive contract that will give one company the right to service billions of dollars of outstanding federal student loans now handled by four companies, officials said …
U.S. tax cut hopes sent state collections down in April
CHICAGO (Reuters) – U.S. states collected less personal income tax revenue in April than they did a year earlier, a Reuters analysis shows, and analysts said they believed high earners were shifting income to next year, hoping for tax cuts from the fed…
Wells Fargo suffers slump in muni bond underwriting
CHICAGO/SAN FRANCISCO (Reuters) – Wells Fargo & Co is paying a price in the U.S. municipal bond market for the bogus customer accounts scandal that hit the bank last year and led to bans by some cities and states, an analysis of Thomson Reuters data shows.
Fiat Chrysler to modify 104,000 U.S. diesel vehicles: company
WASHINGTON (Reuters) – Fiat Chrysler Automobiles NV plans to update software that it expects will resolve the concerns of U.S. regulators about excess emissions in 104,000 older diesels, the Italian-American automaker said on Friday.
About 37,000 AT&T workers go on three-day strike
(Reuters) – About 37,000 AT&T Inc workers, or less than 14 percent of the company’s total workforce, began a three-day strike on Friday after failing to reach an agreement with the No. 2 U.S. wireless carrier over new contracts.
Ford using first over-the-air software updates to its 2016 cars
SAN FRANCISCO (Reuters) – Ford Motor Co said on Friday it would delve into the growing arena of “over-the-air” software updates, adding Android Auto and Apple CarPlay to its Sync 3-equipped 2016 vehicles for the first time via a wireless software upda…
CBS’ CEO Moonves says Viacom undervalued
NEW YORK (Reuters) – CBS Corp Chief Executive Leslie Moonves said in response to a shareholder question on Friday that he believed shares of Viacom Inc , which the network considered merging with last year, were undervalued.
Exclusive: Italy tax police seize documents from IBM in BT Italy probe
MILAN – Italian investigators have seized documents from the Milan offices of International Business Machines Corp as part of an investigation into allegations of fraud at one of its customers, BT Italy, a unit of Britain’s BT Group, sources said.
U.S. drillers add oil rigs for 18th week in a row: Baker Hughes
(Reuters) – U.S. energy companies added oil rigs for an 18th week in a row, the second-longest such streak on record, as expectations of higher crude prices have motivated drillers to boost monthly shale production to its highest level since mid-2015.
