Fed’s Dudley, citing Wells, calls for better bank incentives
LONDON (Reuters) – A top Federal Reserve regulator on Tuesday cited Wells Fargo & Co’s accounts scandal as evidence that incentives to drive performance remain a problem on Wall Street, saying that banks have “a long way to go” in reforming internal culture.
Hyundai Motor shares rally on restructuring speculation
SEOUL (Reuters) – Hyundai Motor Co shares gained the most in over five-and-a-half years on Tuesday on speculation that its parent group, controlled by Chairman Chung Mong-koo, will reorganize its ownership structure.
Adobe, Microsoft team up to share sales and marketing data
(Reuters) – Microsoft Corp and Adobe Systems Inc are joining to make their respective sales and marketing software products more potent competitors to Salesforce.com Inc and Oracle Corp offerings, the two firms said Monday.
U.S. oil hits November low as fresh glut fears overshadow OPEC cut talk
NEW YORK (Reuters) – Oil prices fell on Tuesday, with U.S. crude dropping to its lowest since November, as concerns about new supplies overshadowed the latest talk by OPEC that it was looking to extend output cuts beyond June.
French presidential debate lifts euro to six-week highs
LONDON (Reuters) – The euro climbed to six-week highs and French bonds and stocks rallied on Tuesday after centrist Emmanuel Macron’s performance in a television debate raised expectations he would win France’s presidential election over the far-right’…
Wal-Mart to launch investment arm in e-commerce push
(Reuters) – Wal-Mart Stores Inc, the world’s largest retailer, will launch its first investment arm to expand its e-commerce business in partnership with retail start-ups, venture capitalists and entrepreneurs, the company said on Monday.
U.S. investor, CEO groups set for lobbying battle over proxy challenges
WASHINGTON (Reuters) – Shareholder activists are pushing back against a major business trade group’s request that the White House use its influence on the U.S. securities regulator to make it harder to get governance, political or environmental issues …
Goldman building robo-adviser to give investment advice to the masses
(Reuters) – Goldman Sachs Group Inc , known for advising the world’s richest and most powerful, is building a so-called robo-adviser geared to mass affluent customers, according to a job listing posted Monday on the bank’s website.
Exclusive: Toshiba’s Westinghouse seeks U.S. bankruptcy financing – sources
(Reuters) – Westinghouse Electric Co LLC, the nuclear power plant developer owned by Japanese electronics company Toshiba Corp , is taking offers for a financing package to help it go through U.S. bankruptcy, people familiar with the matter said on Mon…
EU plans to relax rules on airlines’ transatlantic wet leasing deals
BRUSSELS (Reuters) – The European Commission wants to scrap restrictions placed on EU airlines leasing planes and crew from U.S. carriers, to resolve a long-standing dispute between the two sides.
