Chesapeake receives DoJ subpoena on accounting for asset purchase
(Reuters) – Chesapeake Energy Corp said it received a subpoena from the U.S. Department of Justice seeking information on the accounting methodology for the acquisition and classification of oil and gas properties.
Fed tells one of China’s top banks to boost oversight
WASHINGTON (Reuters) – The Federal Reserve on Thursday told Agricultural Bank of China , one of the Asian country’s top four banks, to bolster its compliance and risk management operations in order to ensure it adhered to U.S. rules.
OPEC agrees modest oil output curbs in first deal since 2008
ALGIERS (Reuters) – OPEC agreed on Wednesday modest oil output cuts in the first such deal since 2008, with the group’s leader Saudi Arabia softening its stance on arch-rival Iran amid mounting pressure from low oil prices.
Wells Fargo workers say they were fired for reporting ‘gaming’ of sales quotas
WASHINGTON (Reuters) – At least five Wells Fargo employees have sued the bank or filed complaints with regulators alleging that they were fired after reporting the opening of customer accounts without their permission, according to a Reuters review of…
U.S. jobless claims rise less than expected
WASHINGTON, Sept 29 (Reuters) – The number of Americans filing for unemployment benefits rose less than expected last week and held at relatively healthy levels that could support
Oil shares lift global stocks, crude dips on doubt over OPEC deal
LONDON (Reuters) – An agreement by OPEC members to curb output boosted oil company shares on Thursday, lifted the currencies of crude-producing countries, and drove yields on low-risk government debt higher.
As Deutsche struggles, German lawmaker says no more help for ailing banks
BERLIN (Reuters) – Germany will not help ailing lenders such as Deutsche Bank, a senior lawmaker in Chancellor Angela Merkel’s conservative bloc said on Thursday, as resistance grew to any possibility of staging a rescue.
Exclusive: Genel Chairman Tony Hayward to step down next year – sources
LONDON (Reuters) – Tony Hayward, the former BP boss, is set to step down next year as chairman of Genel Energy, which he founded in 2011 and became the biggest oil and gas producer in Iraqi Kurdistan, three sources close to the company said.
Oil prices slip as focus shifts to details of OPEC deal
LONDON (Reuters) – Oil prices slipped on Thursday as investors questioned whether an OPEC agreement to curb production – the group’s first such deal since 2008 – would be enough to rebalance a heavily over-supplied market.
New Adidas CEO sets off in pursuit of Nike
BERLIN (Reuters) – Closing the gap on clear market leader Nike is the challenge facing new Adidas boss Kasper Rorsted when the Dane takes charge of the world’s second biggest sportswear brand from the start of October.
