United Tech’s Pratt issues will drag on cash flow: CEO
NEW YORK (Reuters) – United Technologies Corp’s chief executive officer said on Friday the company would deliver 150 Pratt & Whitney engines this year, missing its target of 200 and putting “pressure on cash flow.”
Deutsche Bank to fight $14 billion demand from U.S. authorities
FRANKFURT (Reuters) – Deutsche Bank said it would fight a $14 billion demand from the U.S. Department of Justice to settle claims it missold mortgage-backed securities, a shock bill that raises questions about the future of Germany’s largest lender.
House committee to hold hearing on Wells Fargo sales practices
WASHINGTON (Reuters) – The U.S. House Financial Services Committee has opened a probe into Wells Fargo’s sales practices and plans to call the company’s chief executive before lawmakers at a hearing later in September, the committee chairman said on Fr…
U.S. inflation stirring as healthcare, housing costs surge
WASHINGTON (Reuters) – U.S. consumer prices rose more than expected in August as healthcare costs recorded their biggest gain in 32-1/2 years, pointing to a steady build-up of inflation that could allow the Federal Reserve to raise interest rates this …
Fannie Mae elects Ryan Zanin to the board
(Reuters) – Fannie Mae , the largest U.S. home funding source, elected Ryan Zanin to its board of directors.
Nevada approves SolarCity, Berkshire unit’s rooftop solar pact
(Reuters) – Nevada’s utility regulator on Friday approved a settlement between SolarCity Corp and the NV Energy unit of Warren Buffett’s Berkshire Hathaway Inc that grandfathers roughly 32,000 rooftop solar energy customers into older, more favorable…
Disney names ex-Warner Bros. executive Rosenblum to TV business post
LOS ANGELES (Reuters) – Walt Disney Co has hired former Warner Bros. executive Bruce Rosenblum as president of business operations for the Disney/ABC Television Group, the company said on Friday.
Exclusive: Private equity in Africa loses its shine
JOHANNESBURG (Reuters) – Major private equity firms have seen a number of top management departures in Africa, individuals familiar with the matter said, as the funds grapple with investments hurt by a weak economy.
Central banks confirm formed task force on payments fraud
NEW YORK (Reuters) – A committee of the world’s major central banks said on Friday it has launched a task force to examine cyber security in cross-border banking and to ensure interbank payments are protected, confirming an earlier Reuters report.
New York AG investigating Exxon’s accounting practices: source
(Reuters) – New York Attorney General Eric Schneiderman is investigating Exxon Mobil Corp’s accounting practices and why the oil major hasn’t written down the value of its assets in the wake of a slump in oil prices, a person familiar with the matter …
