Mutual funds lose, short-sellers win on Snap trades
NEW YORK/BOSTON (Reuters) – The dramatic fall in Snap Inc shares on Thursday following the company’s disappointing first quarterly earnings report as a public company was likely costly for a wide range of mutual funds, including Fidelity’s giant Contr…
Wells Fargo eyes return to mortgage deals shunned since crisis
(Reuters) – Wells Fargo & Co , the largest U.S. mortgage lender, is hoping this year to sell bonds backed by mortgages without government guarantees for the first time since the 2008 financial crisis, the head of the bank’s consumer lending division said on Thursday.
Businessman pleads guilty to bribing Philadelphia D.A.
(Reuters) – A Pennsylvania businessman charged with bribing Philadelphia’s District Attorney Rufus Seth Williams in exchange for special treatment pleaded guilty to federal bribery and tax evasion charges on Thursday.
Delaware judge denies Anthem injunction, effectively ending Cigna merger
WILMINGTON, Del. (Reuters) – A judge effectively killed off any practical chance of Anthem Inc merging with Cigna Corp on Thursday as he declined to order Cigna not to terminate the deal.
Wal-Mart CEO to be questioned in U.S. lawsuit over Mexican bribery
(Reuters) – A federal judge on Thursday ordered Wal-Mart Stores Inc Chief Executive Douglas McMillon to submit to questioning in a lawsuit by shareholders hoping to learn what he knows about suspected bribery by the world’s largest retailer in Mexico.
U.S. candymakers band together to reduce calories
NEW YORK (Reuters) – Five major chocolate and candy companies announced a joint commitment on Thursday to reduce calories in many sweets sold on the U.S. market, a rare example of cooperation in a competitive industry and testament to a rising consumer…
U.S. judge approves Volkswagen 3.0 liter, Bosch diesel settlements
(Reuters) – A federal judge on Thursday granted final approval on an agreement for Volkswagen AG to pay at least $1.22 billion to fix or buy back 80,000 3.0-liter vehicles in the United States linked to the German automaker’s diesel emissions cheating…
Goldman Sachs to launch new ‘dark pool’ for stocks on Friday
NEW YORK (Reuters) – Goldman Sachs Group Inc will launch a new private stock-trading venue, known as a “dark pool,” on Friday, that is run by exchange operator Nasdaq Inc , according to a note to clients obtained by Reuters.
Nordstrom’s comparable sales miss deepens department-store gloom
(Reuters) – Nordstrom Inc on Thursday became the latest department store operator after Macy’s and Kohl’s to report weaker-than-expected quarterly same-store sales, underscoring the industry’s struggle to attract customers amid a slump in demand for ap…
Boeing must clear 737 MAX engines with U.S. regulator to fly again
SEATTLE (Reuters) – The U.S. aviation regulator must reapprove the engines on Boeing Co’s 737 MAX jetliner before it can take flight and begin deliveries, the engine maker said on Thursday, after the new aircraft was grounded due to an engine problem….
