General Motors reaches deal with Argentine port operator to import cars
BUENOS AIRES (Reuters) – A unit of General Motors Co has reached a deal with port operator Terminal Puerto Rosario to import cars to Argentina, moving the U.S. automaker a step closer to exporting from its nearby plant, the company said in a statement…
Depomed names new CEO, directors in deal with activist Starboard
(Reuters) – Depomed Inc reached a deal with activist investor Starboard Value LP to name a new chief executive officer and two other directors to its board.
BlackRock cuts fees and jobs; stockpicking goes high-tech
NEW YORK (Reuters) – BlackRock Inc on Tuesday said it would overhaul its actively managed equities business, cutting jobs, dropping fees and relying more on computers to pick stocks in a move that highlights how difficult it has become for humans to be…
Wells Fargo to pay $110 million to settle lawsuit over account abuses
(Reuters) – Wells Fargo & Co said it agreed to pay $110 million to settle a lawsuit by customers challenging its opening of accounts without their permission, a practice that led to a scandal that cost the bank’s chief executive his job.
Possible Westinghouse bankruptcy a potential security concern: U.S. official
WASHINGTON (Reuters) – The possible bankruptcy of U.S. nuclear developer Westinghouse Electric Co is a “concern” for President Donald Trump’s administration and a potential national security issue, an administration official told Reuters on Tuesday.
MoneyGram bidder Euronet ramps up fight to stop Chinese rival’s bid
WASHINGTON (Reuters) – Euronet Worldwide Inc ramped up its fight against China’s Ant Financial Services Group in trying to acquire MoneyGram International Inc , urging the U.S. government to closely scrutinize the rival Chinese bid saying it raises “s…
China telecom firm ZTE removed from U.S. trade blacklist
WASHINGTON (Reuters) – The U.S. Department of Commerce will remove Chinese telecommunications equipment maker ZTE Corp from a trade blacklist on Wednesday after the company pleaded guilty to violating sanctions on Iran and agreed to pay nearly $900 mi…
Uber diversity report shows shortage of women, minorities
(Reuters) – Uber Technologies Inc released its first diversity report on Tuesday, showing that women and non-white employees are underrepresented at the ride-services company – just as they are at many other technology firms.
SEC denies a 2nd application to list a Bitcoin product
NEW YORK (Reuters) – The U.S. Securities and Exchange Commission on Tuesday denied for the second time in less than three weeks a request to bring to market a first-of-its-kind product tracking bitcoin, the digital currency.
Wells Fargo failed test of community lending, bank says
WASHINGTON (Reuters) – A U.S. bank regulator has flunked Wells Fargo on a national scorecard for community lending, the lender said on Tuesday as it tries to repair its reputation after a phony-accounts scandal.
