Wells Fargo faces tighter controls as U.S. regulator reverses course
WASHINGTON (Reuters) – A leading U.S. bank regulator on Friday reversed course and positioned the agency to claw back pay of former executives at Wells Fargo & Co after a phony-accounts scandal.
Pacific rim leaders scramble for trade options in Trump era
LIMA (Reuters) – Leaders of Pacific rim nations scrambled to find new free-trade options on Friday as a looming Donald Trump presidency in the United States sounded a possible death knell for the Trans-Pacific Partnership (TPP).
Wall Street keen for a fellow traveler at Treasury
NEW YORK (Reuters) – With President-elect Donald Trump promising to spend as much as half a trillion dollars on infrastructure and slash taxes – initiatives that could add dramatically to the U.S. debt and balloon the budget deficit – Wall Street is far more focused on who will next head the U.S. Treasury than it was in the previous selection process under President Barack Obama.
Under pressure on U.S. jobs, Ford tries new gambit with Trump
WASHINGTON (Reuters) – Ford Motor Co , one of Donald Trump’s prime corporate targets on the campaign trail, offered the President-elect a chance to claim a victory late on Thursday by informing him it would not shift production of a Lincoln sport utili…
Germany’s Aixtron says U.S. opposes China deal on security grounds
(Reuters) – Germany’s Aixtron Se said the Committee on Foreign Investment in the United States (CFIUS) informed the company it would recommend that its pending takeover by with China’s Fujian Grand Chip Investment Fund (FGC) be blocked.
Wall Street slips, led by healthcare decline
NEW YORK (Reuters) – U.S. stocks ended lower on Friday, with healthcare stocks leading the declines, as investors cashed in on a post-election rally and waited for clarity on the next administration’s policies.
Lockheed Martin wins $1.2 billion U.S. defense contract: Pentagon
WASHINGTON (Reuters) – Lockheed Martin Corp subsidiary Lockheed Martin Aeronautics Co has been awarded a $1.2 billion contract to upgrade F-16 aircraft for South Korea, the Pentagon said on Friday.
Facebook sets $6 billion buyback; accounting chief to leave
(Reuters) – Social media giant Facebook Inc on Friday set a $6 billion buyback program for its Class A shares, beginning in the first quarter of 2017.
Dollar strongest in 13 years; bond yields rise
NEW YORK (Reuters) – The U.S. dollar climbed on Friday to its highest level since 2003 on continued bets on faster inflation and higher interest rates, while Treasuries resumed a selloff that left yields at their highest levels of the year.
Caterpillar global dealer machinery sales soft as decline pace slows
(Reuters) – Caterpillar Inc said on Friday its global retail sales declined 12 percent for the three months ended October, but the pace of the decline is less steep than in previous months, the data shows.
