Caesars strikes deal to end main unit’s bankruptcy
CHICAGO (Reuters) – Caesars Entertainment Corp has struck a deal with most of its operating unit’s creditors, resolving billions of dollars in legal claims and paving the subsidiary’s way out of a costly bankruptcy, the casino company said on Tuesday.
Senators ask Yahoo CEO for details of hack investigation
WASHINGTON (Reuters) – Six Democratic U.S. senators on Tuesday asked embattled Yahoo CEO Marissa Mayer for more information about the internet company’s investigation into a hack that compromised data related to 500 million user accounts.
Saudis, Iran dash hopes for OPEC oil deal in Algeria
ALGIERS (Reuters) – Saudi Arabia and Iran on Tuesday dashed hopes that OPEC oil producers could clinch an output-limiting deal in Algeria this week as sources said the group and non-member Russia were still trying to bridge differences between the king…
Goldman cuts fourth-quarter crude oil price forecast by $7 on supply glut
(Reuters) – Goldman Sachs on Tuesday slashed its fourth quarter 2016 oil price forecast by $7 per barrel, citing a mounting crude surplus that could outweigh any short-term price support from a potential deal among top producers to limit output.
Wells Fargo likely to decide on clawback before Thursday: WSJ
(Reuters) – Wells Fargo & Co’s board is likely to decide on whether to claw back pay from former retail-banking head Carrie Tolstedt and Chief Executive John Stumpf ahead of a congressional hearing on Thursday, the Wall Street Journal reported.
Wall St. propped up by tech stocks
(Reuters) – Wall Street was higher for the first time in three days on Tuesday as a rise in technology stocks helped offset losses in energy shares.
WTO cuts 2016 world trade growth forecast to 1.7 percent, cites wake-up call
GENEVA (Reuters) – The World Trade Organization cut its forecast for global trade growth this year by more than a third on Tuesday, reflecting a slowdown in China and falling levels of imports into the United States.
U.S. home prices rise slightly less than forecast
NEW YORK (Reuters) – U.S. single-family home prices rose slightly less than expected on an annual basis in July, and the year-over-year gain was smaller than in the prior month, a survey showed on Tuesday.
Wells Fargo hit with class action lawsuit over sales practices
(Reuters) – A shareholder class action lawsuit was filed against Wells Fargo & Co on Monday that alleged the firm misled investors about its financial performance and the success of its sales practices.
Wall Street falls with presidential debate on tap
NEW YORK (Reuters) – Wall Street fell on Monday as investors hunkered down for the first U.S. presidential debate between candidates Hillary Clinton and Donald Trump.
