China seen posting steady fourth quarter GDP growth of 6.7 percent
BEIJING (Reuters) – Boosted by higher government spending and record bank lending, China is expected to report on Friday that its economy grew by a steady 6.7 percent in the fourth quarter, giving it a solid tailwind heading into what is expected to be…
Wells Fargo to merge international business with wholesale banking
(Reuters) – Wells Fargo & Co , the third-largest U.S. bank by assets, said on Thursday it would merge its international business with its wholesale banking unit that serves corporate clients.
JPMorgan raises CEO Dimon’s pay 3.7 percent to $28 million
NEW YORK (Reuters) – JPMorgan Chase & Co directors paid Chief Executive Jamie Dimon $28 million in total compensation for 2016, a 3.7 percent increase from the prior year, the company said on Thursday.
U.S outlook no more uncertain than usual, Fed policymaker says
(Reuters) – One day before U.S. President-elect Donald Trump is set to be sworn in, an influential Federal Reserve policymaker said that while there is uncertainty over the economic outlook, it is no more pronounced now than it usually is.
George Soros says Trump will fail and market’s dream will end
(Reuters) – The billionaire investor George Soros said on Thursday that global markets will falter given the uncertainty of incoming U.S. President Donald Trump’s policies.
Investors curb their enthusiasm ahead of Trump era
NEW YORK (Reuters) – A month ago, the dollar and stock markets were riding high as investors bet that the Trump administration, together with the Republican-controlled Congress, would usher in an era of lower taxes, more government spending and looser …
Uber to pay $20 million to settle U.S. allegations it misled drivers about earnings
WASHINGTON (Reuters) – The ride-hailing company Uber Technologies Inc [UBER.UL] has agreed to pay $20 million to settle allegations that it exaggerated prospective earnings in seeking to recruit drivers, according to documents filed with a U.S. federal…
U.S. regulator finds no evidence of defects after Tesla death probe
WASHINGTON (Reuters) – U.S. regulators has found no evidence of any defects in Tesla electric cars after investigating the death of a man whose Model S collided with a truck while he was using its Autopilot system, the first fatality involving semi-aut…
Costco to pay $11.75 million over lax U.S. pharmacy controls
(Reuters) – Costco Wholesale Corp will pay $11.75 million to resolve claims that some of its pharmacies filled improper or incomplete prescriptions for controlled substances in violation of federal regulations, the U.S. Justice Department said on Thur…
Western Union settles U.S. money laundering allegations for $586 million
WASHINGTON (Reuters) – Western Union Co agreed to pay $586 million and admitted to turning a blind eye as criminals used its service for money laundering and fraud, the U.S. Department of Justice and the Federal Trade Commission said in statements on …
