Amazon cuts free shipping minimum to $25
(Reuters) – Amazon.com Inc said on Tuesday it cut the threshold for free shipping to $25 from $35, upping the ante against Wal-Mart Stores Inc in a hotly contested battle for ecommerce supremacy.
Credit Suisse to add 1,200 jobs in Raleigh, North Carolina
ZURICH (Reuters) – Credit Suisse plans to add around 1,200 jobs in North Carolina, partly by moving positions from New York City, the Swiss bank said on Tuesday, as it tries to cut costs following back-to-back annual losses.
Fed official warns Fannie-Freddie reforms could cause shocks
NEW YORK (Reuters) – A Federal Reserve official warned U.S. lawmakers on Tuesday that any reforms that reduce the massive lending presence of mortgage giants Fannie Mae and Freddie Mac in the multi-family real estate market could shock that sector of t…
Buffett’s fledgling biBERK pursues online insurance ‘experiment’
OMAHA, Neb. (Reuters) – It has been decades since anyone thought of Warren Buffett’s Berkshire Hathaway Inc , or even its insurance operations, as “very, very small.”
Exclusive: EU regulators to approve $5.5 billion Broadcom, Brocade deal
BRUSSELS (Reuters) – Chipmaker Broadcom is set to win EU antitrust approval for its $5.5 billion bid for Brocade after agreeing to modest concessions in the latest deal in the chip sector, three people familiar with the matter said on Tuesday.
U.S. Democratic senators seek probe into Icahn’s biofuel credit dealings
WASHINGTON (Reuters) – Eight Democratic senators asked U.S. regulators on Tuesday to launch an investigation into billionaire Carl Icahn’s activities in the U.S. biofuels blending credit market, saying the activist investor may have violated trading laws since becoming an adviser to President Donald Trump.
Earnings gap over U.S. workers grows for S&P 500 CEOs: union report
BOSTON/NEW YORK (Reuters) – The average S&P 500 chief executive made $13.1 million last year, 347 times more than the average U.S. worker, according to a labor group analysis released on Tuesday, up from 335 times as much in the previous year.
Fed’s Kashkari: blockchain has more potential than bitcoin itself
WASHINGTON (Reuters) – Minneapolis Federal Reserve Bank President Neel Kashkari said on Tuesday that blockchain technology has more potential for being adopted in the future than bitcoin itself.
Ex-AIG CEO Greenberg loses appeal over 2008 bailout
(Reuters) – A federal appeals court threw out a ruling that the U.S. government illegally bailed out insurer American International Group Inc during the 2008 financial crisis, in a defeat for former chief executive officer Maurice “Hank” Greenberg.
U.S. wholesale inventories rise in March, sales flat
WASHINGTON – U.S. wholesale inventories increased in March amid flat sales, confounding the government’s initial estimate of a modest dip.
