New York’s top court rejects Facebook search warrant challenge
NEW YORK (Reuters) – New York state’s highest court on Tuesday rejected Facebook Inc’s challenge to 381 search warrants to uncover suspected widespread Social Security disability fraud by its customers.
BlackRock’s big funds cut commission rates for Wall Street research
NEW YORK (Reuters) – BlackRock Inc , the world’s biggest asset manager, slashed the amount it paid out in commissions to Wall Street firms for research by more than half for its largest mutual fund over the last two years, according to filings.
Fed’s Lacker leaves central bank over leak of market-sensitive news
WASHINGTON (Reuters) – Richmond Federal Reserve President Jeffrey Lacker abruptly left the U.S. central bank on Tuesday after admitting that a conversation he had with a Wall Street analyst in 2012 may have disclosed confidential information about Fed …
Exxon in talks to expand into Brazil: WSJ
(Reuters) – Exxon Mobil Corp is in talks to gain access to Brazil’s deep-water oil resources, the Wall Street Journal reported on Tuesday, citing people familiar with the matter.
Credit Suisse scandal threatens Swiss efforts to clean up reputation
ZURICH (Reuters) – An anonymous tip to Dutch authorities on thousands of suspicious accounts at Credit Suisse could hardly have come at a worse time for Switzerland and its banks.
JPMorgan CEO calls for regulatory changes in shareholder letter
NEW YORK (Reuters) – JPMorgan Chase & Co Chief Executive Jamie Dimon devoted one-third of his annual shareholder letter to arguments for changing regulations, particularly those on bank capital and liquidity, as well as home mortgage loan financing.
Commerzbank to cut 7,800 jobs in Germany: Handelsblatt
BERLIN (Reuters) – Commerzbank AG , Germany’s second-largest bank, has informed its works council that 7,800 jobs will be cut in Germany as part of a restructuring announced last year, the Handelsblatt newspaper reported on Tuesday.
Liberty Interactive to drop ‘tracking stock’ structure in complex deal
(Reuters) – U.S. cable TV mogul John Malone’s Liberty Interactive Corp announced a complex deal that would help eliminate its “tracking stock” structure, giving the company greater access to the equity market and flexibility to make acquisitions.
Office supplies retailer Staples explores sale: sources
(Reuters) – Staples Inc is in talks with private equity firms about a potential sale, sources familiar with the matter said on Tuesday, as the largest U.S. office-supplies seller tests buyer appetite for an industry rattled by online competition and h…
GM remains most valuable U.S. car company, Tesla is No. 2
(Reuters) – Tesla Inc , whose market capitalization passed that of Ford Motor Co on Monday, still trailed General Motors Co as the most valuable U.S. auto firm in mid-day trade on Tuesday.
