Energy stocks look for catalyst out of doldrums
NEW YORK (Reuters) – Buoyant oil prices since Donald Trump’s election have provided no lasting halo effect for energy stocks as the sector’s profit rebound has lacked vigor, but that could change in the week ahead with a fresh crop of quarterly scoreca…
Top Federal Reserve official resigns as bank deregulation looms
WASHINGTON (Reuters) – The Federal Reserve Board’s top bank regulator said on Friday he would resign, giving a boost to President Donald Trump’s plans to ease reforms put in place after the 2007-09 financial crisis.
After 12 years, ex-AIG chief Greenberg settles accounting fraud case
(Reuters) – Maurice “Hank” Greenberg, the former American International Group Inc chief executive, has reached a settlement that ends his 12-year battle with the New York attorney general’s office, which accused him of orchestrating sham transactions …
Wall Street hits records again, boosted by Trump economy hopes
NEW YORK (Reuters) – Wall Street’s main stock indexes rose to fresh all-time closing highs on Friday as a spike in oil prices supported energy shares and investors renewed their optimism about President Donald Trump’s economic agenda.
Senators question Goldman Sachs on its role in Trump banking policy
(Reuters) – Two U.S. senators are seeking details from Goldman Sachs Group Inc’s chief executive on the extent to which the bank’s employees were involved in drafting of the recent executive orders on banking and fiduciary regulations.
Wells Fargo sets up artificial intelligence team in tech push
NEW YORK (Reuters) – Wells Fargo & Co has created a team to develop artificial intelligence-based technology and appointed a lead for its newly combined payments businesses, as part of an ongoing push to strengthen its digital offerings.
U.S. consumer sentiment falls as election euphoria fizzles
WASHINGTON (Reuters) – U.S. consumer sentiment eased off a 13-year high in early February likely as some of the jubilation over Donald Trump’s election victory ebbed, but it remained strong enough to suggest that consumers will continue to drive the ec…
Daimler trucks chief Bernhard steps down
FRANKFURT (Reuters) – Daimler’s trucks chief Wolfgang Bernhard, once seen as a candidate to succeed Chief Executive Dieter Zetsche, has stepped down a year before his contract was due to run out, the German carmaker said on Friday.
Exclusive: OPEC figures show over 90 pct compliance with supply cut – sources
DUBAI/LONDON (Reuters) – OPEC has delivered more than 90 percent of pledged oil output curbs in January, according to figures the exporter group uses to monitor its supply, making a strong start to implementation of its first production cut in eight ye…
ABB says cooperating with UK corruption probe
ZURICH (Reuters) – ABB said it was cooperating with anti-fraud authorities in the United States and Britain and had reported past dealings with Monaco-based engineering and construction group Unaoil, including alleged improper payments to third partie…
