Big banks’ relationship with Dodd-Frank: it’s complicated
(Reuters) – Having spent billions of dollars on post-crisis U.S. financial industry reforms they once scorned, bankers are concerned the Trump administration, joined by a like-minded Congress, will scrap or significantly change the rules.
EU regulator conditionally approves Abbott’s purchase of St Jude
BRUSSELS (Reuters) – The European Commission on Wednesday said it has given its conditional approval to U.S. medical device maker Abbott Laboratories’ bid for peer St Jude Medical Inc .
Peaks, black swans and bonanzas: Market tips, bold calls and eyecatchers for 2017
LONDON (Reuters) – Politics, economics and finance have all been turned on their head in 2016, and investors are already looking ahead to 2017 with anticipation and trepidation.
Bracing for Brexit, UK to ramp up borrowing, cuts growth forecasts
LONDON (Reuters) – Britain ramped up its borrowing forecasts by much more than expected and said the vote to leave the European Union would weigh heavily on the economy, giving the government little room to ease the Brexit pressure on households and co…
Exclusive: Microsoft set to win EU approval for LinkedIn buy – sources
BRUSSELS (Reuters) – Microsoft is set to gain EU approval for its $26 billion buy of professional social network LinkedIn with tweaks to concessions aimed at addressing competition concerns, three people close to the matter said on Wednesday.
Automakers seek to cut inventories with Black Friday, holiday promotions
DETROIT (Reuters) – Automakers in the United States are ramping up holiday sales promotions ahead of Black Friday, aiming to clear out bulging inventories of unsold cars and dispel investor doubts about consumer demand.
U.S. crude stockpiles fall as imports drop, refinery rates rise: EIA
(Reuters) – U.S. crude oil stocks fell last week after three straight weeks of builds as imports dropped and refineries hiked output, while gasoline inventories rose sharply amid weak demand, U.S. Energy Information Administration data showed on Wednes…
Federal Reserve finalizes lower dividend for member banks
WASHINGTON (Reuters) – The U.S. Federal Reserve finalized a reduction of its dividend payments on Wednesday, carrying out a measure Congress passed last year to help pay for the country’s roads and bridges.
Deere earnings beat estimates but outlook downbeat
Reuters) – Deere & Co reported a much smaller-than-expected decline in quarterly earnings on Wednesday after it cut costs and raised prices to compensate for sluggish demand for its agricultural and construction equipment, and its shares jumped more than 10 percent.
November U.S. auto sales to show 5 percent rise: JD Power, LMC
DETROIT (Reuters) – November U.S. auto sales will be up 5 percent from a year earlier, making it possible that 2016 will top last year’s record high, industry consultants J.D. Power and LMC Automotive said on Wednesday.
