Exclusive: Audit of U.S. stress test ready, may aid Dodd Frank overhaul fight
WASHINGTON (Reuters) – A independent study of the financial costs and benefits of Wall Street ‘stress tests’ could be released as soon as Tuesday and may strengthen calls to reform U.S. banking rules, said sources familiar with the report.
U.S. finalizes long delayed ‘quiet cars’ rules
WASHINGTON (Reuters) – The U.S. Transportation Department on Monday finalized long-delayed rules that will require “quiet cars” like electric vehicles and hybrids to emit alert sounds at speeds of up to 18 miles per hour.
Samsung to buy car tech company Harman for $8 billion
SEOUL (Reuters) – Samsung Electronics has agreed to buy Harman International Industries in an $8 billion deal, marking a major push into the auto electronics market and the biggest overseas acquisition ever by a South Korean company.
U.S. inflation expectations flat, low in October: NY Fed survey
NEW YORK (Reuters) – A measure of U.S. inflation expectations held mostly steady at low levels in October, with only some momentum higher, according to a Federal Reserve Bank of New York survey taken before Americans voted in this month’s presidential …
UPS air maintenance workers vote 98 percent to authorize strike
CHICAGO (Reuters) – Air maintenance workers at United Parcel Service Inc have voted overwhelmingly to authorize a strike against the world’s largest package delivery company as contract talks remained deadlocked over health-care benefits, the workers’…
‘Trump Thump’ whacks bond market for $1 trillion loss
NEW YORK (Reuters) – Donald Trump’s stunning victory for the White House may mark the long-awaited end to the more than 30-year-old bull run in bonds, as bets on faster U.S. growth and inflation lead investors to favor stocks over bonds.
Siemens boosts software business with $4.5 billion deal
FRANKFURT (Reuters) – German engineering group Siemens has agreed to buy U.S.-based Mentor Graphics in a $4.5 billion deal that will bolster its industrial software operations and help it keep pace with changes to manufacturing technology.
Marketplace loan investors need borrower information: SEC
WASHINGTON (Reuters) – Investors in marketplace loans, where borrowers and funders are matched in online platforms, need to have adequate information about borrowers’ abilities to repay the debts, the U.S. Securities and Exchange Commission chair said …
American Apparel files for second bankruptcy in just over a year
NEW YORK (Reuters) – American Apparel LLC filed for its second bankruptcy protection in just over a year on Monday, weighed down by intense competitive pressures facing U.S. teen retailers and a rocky relationship with its founder.
Asahi, others shortlisted in sale of AB InBev’s east European beers: sources
PRAGUE/LONDON (Reuters) – Japanese brewer Asahi and a consortium led by Swiss investment firm Jacobs Holding have made it onto the shortlist of bidders for SABMiller’s eastern European beer brands, sources familiar with the matter said.
