Goldman says newly promoted COOs and CFO to get same base salary
(Reuters) – Goldman Sachs Group Inc said its newly promoted co-chief operating officers and chief financial officer would each receive a $1.85 million base salary as part of their broader compensation packages.
MetLife expects $300 million boost to operating profit from interest rates
NEW YORK (Reuters) – MetLife Inc expects higher U.S. interest rates to add $300 million to operating profits through 2019, the insurer said in a filing on Thursday.
U.S. states sue Mylan, Teva, others for fixing drug prices
WASHINGTON (Reuters) – Two years after high generic drug prices became a public controversy, legal cases are starting to land.
New York regulator fines Italy’s Intesa Sanpaolo $235 million
NEW YORK (Reuters) – Intesa Sanpaolo SpA, Italy’s biggest retail bank, agreed on Thursday to pay a $235 million fine to New York state’s financial regulator for anti-money laundering failures and violations of bank secrecy laws, officials said.
Murdoch’s Fox agrees $14.6 billion Sky deal to expand empire
LONDON (Reuters) – Rupert Murdoch’s Twenty-First Century Fox has struck a $14.6 billion deal to buy European pay-TV firm Sky that unites a media empire across two continents and helps it take on rivals like Netflix in the battle for viewers.
U.S. banks must pay up to $2 billion more per year to shield taxpayers: Fed
WASHINGTON (Reuters) – The largest U.S. banks will have to pay as much as $2 billion more a year to insure against a future market collapse, the U.S. Federal Reserve said on Thursday, as it outlined a new rule designed to further protect the financial …
Blackberry says China’s TCL to make BlackBerry-branded devices
(Reuters) – BlackBerry Ltd said China’s TCL Communication Technology Holdings Ltd would make and sell BlackBerry-branded mobile devices globally, the Canadian smartphone pioneer’s first licensing deal since its transition to a software company.
Rising rents lift U.S. inflation; labor market tightens
WASHINGTON (Reuters) – Rising rents lifted underlying U.S. inflation in November, pointing to a steady build-up of price pressures in the economy that could support more interest rate increases from the Federal Reserve next year.
China expected to lose top U.S. creditor crown to Japan as yuan struggles
BEIJING (Reuters) – China will soon be dethroned by Japan as the top holder of U.S. government debt as the Chinese central bank has been dipping into its foreign exchange reserves to support the yuan, while its Japanese counterpart has been content to …
Oil prices fall to lowest in a week as dollar nears 14-year high
NEW YORK (Reuters) – Oil prices fell on Thursday as the dollar rallied in the wake of a rise in U.S. interest rates, despite forecasts of a tighter oil market in 2017 due to planned output cuts.
