For Yellen, a September Fed surprise could close confidence gap
WASHINGTON (Reuters) – Market volatility is low, U.S. census data shows income gains have reached the middle class, and workers are clawing back a larger share of national income. For now, at least, no international risk stands out and inflation may ev…
GE plans to invest $10 billion in Argentina through 2026
NEW YORK (Reuters) – U.S. industrial conglomerate General Electric Co will invest $10 billion in Argentina over the next decade, Vice Chairman John Rice said on Monday, the latest foreign company to announce new plans since President Mauricio Macri too…
Tesla says lawsuits may delay SolarCity deal
(Reuters) – Tesla Motors Inc said on Monday its proposed acquisition of SolarCity Corp could be delayed because of shareholder lawsuits alleging board members breached their fiduciary duty, the latest hurdle to a $2.6 billion deal.
New York seeks $872 million from UPS in cigarette shipments trial
NEW YORK (Reuters) – New York state and city authorities took United Parcel Service Inc to trial on Monday, urging a federal judge to make the company pay more than $872 million for making illegal deliveries of more than 683,000 cartons of untaxed cig…
U.S. pump prices rise as Colonial fixes gasoline pipeline leak
NEW YORK (Reuters) – Gasoline prices in the southeastern United States kept rising on Monday as Colonial Pipeline Co continued to fix a more-than-week long disruption on a key gasoline line that has led to complaints of long waits and price gouging at …
Britain’s May to meet Goldman, Amazon, IBM to discuss post-Brexit investment
NEW YORK (Reuters) – British Prime Minister Theresa May will meet business chiefs from firms including Goldman Sachs , IBM and Amazon on Monday in an attempt to reassure investors after her country’s shock vote to leave the European Union.
Venezuela says OPEC, non-OPEC oil stabilizing deal close
MARGARITA ISLAND, Venezuela (Reuters) – Venezuelan President Nicolas Maduro said on Sunday that OPEC and non-OPEC countries were close to reaching a deal to stabilize oil markets and that he aimed for a deal to be announced this month.
Ernst & Young settles charges that two ex-auditors got ‘too close’ to clients
(Reuters) – Accounting firm Ernst & Young will pay $9.3 million to settle charges that two of its former auditors got “too close to clients on a personal level” and broke rules aimed at ensuring reviews were impartial, the U.S. Securities and Exchange Commission said on Monday.
McAfee’s MGT receives SEC subpoena, shares drop 16 percent
(Reuters) – MGT Capital Investments , led by anti-virus software pioneer John McAfee, said on Monday it had received a subpoena from the Securities and Exchange Commission requesting certain information, which sent its shares down 16 percent.
U.S. home builder sentiment index highest in 11 months
NEW YORK (Reuters) – A private gauge on U.S. home builder sentiment unexpectedly rose in September to its strongest level in 11 months, prompted by renewed interest in home purchases following a summer lull.
