Takata to book $100 million special profit in second quarter from U.S. interiors unit sale
TOKYO (Reuters) – Japanese auto safety parts supplier Takata Corp said on Thursday it expected to book a special profit of about 10 billion yen ($99 million) in the July-September quarter from the sale of U.S. interiors unit Irvin Automotive Products …
Wells Fargo plans to eliminate sales goals sooner than planned
(Reuters) – Embattled Wells Fargo & Co plans to eliminate sales goals for its retail banking business sooner than planned, according to prepared remarks its chief executive officer will deliver at a congressional hearing on Thursday.
AIG’s ex-CEO Greenberg cites lawyers, accountants in fraud defense
NEW YORK (Reuters) – Maurice “Hank” Greenberg, the 91-year-old former chairman of former American International Group Inc , said at his fraud trial that he never would have considered doing a transaction that failed to pass muster with the insurer’s lawyers and accountants.
Fed’s Yellen defends regulatory role, raises stress test changes
WASHINGTON (Reuters) – Federal Reserve Chair Janet Yellen was thrust into the election-year boxing ring during a congressional committee hearing on Wednesday, defending the central bank’s regulatory role, taking and landing punches on Wells Fargo and o…
Icahn slashes stake in Transocean by more than two thirds
(Reuters) – Billionaire investor Carl Icahn cut his stake in rig provider Transocean Ltd by more than two-thirds “for tax planning purposes.”
Ex-Gerova Financial president convicted of securities fraud
NEW YORK (Reuters) – The former president of reinsurer Gerova Financial Group Ltd was convicted on Wednesday on charges that he participated a scheme orchestrated by a man once dubbed “Porn’s New King” to defraud investors.
Wall Street rallies as OPEC reaches output deal
(Reuters) – Wall Street ended higher on Wednesday after an OPEC agreement to limit crude output fueled a rally in oil and more than offset nervousness about a tight race for the U.S. presidency.
Redstone’s National Amusements to call on CBS, Viacom to explore merger: sources
(Reuters) – Sumner Redstone’s National Amusements Inc is preparing to call on CBS Corp and Viacom Inc to explore a merger, two people familiar with the matter said on Wednesday.
Citigroup becomes last big U.S. bank to join payments network
NEW YORK (Reuters) – Citigroup Inc on Wednesday became the last of the big U.S. banks to agree to allow customers to send instant payments by mobile phone over an industry network that is competing with upstart Venmo.
Apple deepens enterprise push with Deloitte partnership
(Reuters) – Apple Inc and Deloitte LLP announced a partnership on Wednesday in which the consultant will open a new practice to help corporate clients work with Apple products, the tech firm’s latest attempt to boost enterprise sales as its key produc…
