U.S. says Walt Disney subsidiaries to pay $3.8 million in back wages
(Reuters) – Two Florida subsidiaries of Walt Disney Co have agreed to provide $3.8 million in back wages to comply with federal law, the U.S. Labor Department said on Friday.
Goldman Sachs CEO Blankfein sees slight pay cut in 2016
(Reuters) – Goldman Sachs Group Inc Chief Executive Lloyd Blankfein saw his overall compensation fall slightly, reflecting lower revenues at the bank in the first half of 2016.
Investment banks ditch the diet and look to expand: study
LONDON (Reuters) – After several years of restructuring and regulatory pressure, investment banks have reached a turning point after Donald Trump became American president and can look to grow again, according to a study published on Friday.
Wall Street bonuses may show first uptick since 2009, firm says
(Reuters) – Wall Street bonuses may climb as much as 15 percent this year in their first meaningful uptick since 2009, compensation firm Johnson Associates Inc said on Friday.
Fed’s Kashkari wants plan on balance sheet before any more rate hikes
(Reuters) – Minneapolis Federal Reserve Bank President Neel Kashkari, the lone dissenter against the U.S. central bank’s decision this week to raise interest rates, said on Friday the U.S. economy is still falling short on employment and inflation.
Tesla raises $1.2 billion, 20 percent more than planned
(Reuters) – Tesla Inc said on Friday it had raised about $1.2 billion, roughly 20 percent more than it had planned, by selling common shares and convertible debt, ahead of the launch of the crucial Model 3 sedan.
Last RBS investor group held settlement talks over 2008 cash call : sources
LONDON (Reuters) – Lawyers representing tens of thousands of Royal Bank of Scotland shareholders have held tentative talks to settle a 1.2 billion pound ($1.5 billion) damages claim over the lender’s 2008 rights issue that was launched shortly before …
Wall St. flat as banks, Amgen weigh; Adobe rallies
NEW YORK (Reuters) – U.S. stocks dipped on Friday as bank shares fell alongside Treasury yields while Adobe helped buoy the S&P tech sector and the Nasdaq Composite.
Indian drugmakers face squeeze in U.S. healthcare market
MUMBAI (Reuters) – India’s small and medium-sized generic drugmakers say the threat of tougher rules and higher barriers for outsiders in the U.S. healthcare market will force many to find a niche or focus their expansion efforts on other countries.
Jeweler Tiffany’s profit beats on strong demand in Japan, China
(Reuters) – Tiffany & Co reported fourth-quarter profit ahead of analysts’ estimates as it sold more jewelry in Japan and China, sending shares to a 19-month high in morning trading on Friday.
