U.S. congressional panel, SEC reach deal in insider trading probe
NEW YORK (Reuters) – A U.S. House of Representatives panel and an ex-staff member have agreed to end a fight over subpoenas the U.S. Securities and Exchange Commission issued during a probe into possible insider trading on leaked information about Medi…
Fiat Chrysler, Cummins reject diesel cheating suit
WASHINGTON (Reuters) – Fiat Chrysler Automobiles NV and Cummins Inc said on Monday they will fight a class-action lawsuit filed against the companies accusing them of cheating on diesel emissions tests.
Exclusive: Mexico banking watchdog boosts oversight of banks after Trump win
MEXICO CITY (Reuters) – Mexican banking regulators have begun extraordinary daily checks on the health of banks and brokerages since Donald Trump clinched the U.S. presidential election, four people familiar with the matter said.
Wall Street ends flat as financials’ rise offsets tech drop
(Reuters) – U.S. stocks closed little changed on Monday after rising dramatically the week before and a decline in the technology sector offset a steep rise in financial stocks as investors bet on higher interest rates.
Nasdaq names Adena Friedman CEO, replacing Greifeld
(Reuters) – Nasdaq Inc said on Monday that its long-time chief executive Robert Greifeld would retire and that Adena Friedman, president and chief operating officer, would become CEO as of Jan. 1.
Warren Buffett’s Berkshire makes bet on U.S. airlines
NEW YORK (Reuters) – Warren Buffett’s Berkshire Hathaway Inc on Monday said it has bought shares in the four biggest U.S. airlines: American Airlines Group Inc , Delta Air Lines Inc , Southwest Airlines Co and United Continental Holdings Inc .
Apple stock extends losses after China warning about Trump
SAN FRANCISCO (Reuters) – Apple’s stock extended recent losses on Monday after a warning that iPhone sales could suffer if President-elect Donald Trump follows through on campaign threats to impose new tariffs on China.
Too early to tell impact of Trump policies: Fed’s Kaplan
WICHITA FALLS, Tex. (Reuters) – Markets are betting heavily that the man Americans last week elected as their next president will enact fiscal and other policies that will boost U.S. growth and inflation, but at least one U.S. central banker is pushing…
Big-name investors remained bearish on financials before U.S. election
NEW YORK (Reuters) – Several big-name hedge fund investors remained significantly underweight financial stocks at the end of the third quarter, helping sow the seeds of the rally in bank shares following Donald Trump’s surprising victory in the U.S. pr…
Oil rebounds from three-month lows on renewed hopes for OPEC cut
NEW YORK (Reuters) – Oil prices were largely steady on Monday, rebounding from three-month lows, on a report saying that OPEC members were seeking to resolve their differences on a deal to cut production ahead of a meeting later this month.
