U.S. household income posts record surge in 2015, poverty falls
WASHINGTON (Reuters) – U.S. household income posted a record increase in 2015 after years of stagnation, suggesting the recovery from the Great Recession was finally lifting ordinary citizens who had been largely left behind.
Mexico’s America Movil says proposes delisting from Nasdaq, Latibex
MEXICO CITY (Reuters) – Mexican telecoms giant America Movil said on Tuesday its board will propose to shareholders that it delist its shares from the Nasdaq and Latibex stock exchanges, without giving any further information.
Wells Fargo seeks to shore up reputation in wake of scandal
NEW YORK/WASHINGTON (Reuters) – Wells Fargo & Co scrapped its product sales goals for retail bankers on Tuesday and may take further disciplinary action against its employees in the wake of a fake account scandal that has already led to $190 million in fines and the firing of 5,300 employees.
SolarCity, Berkshire’s NV Energy settle Nevada rooftop solar dispute
(Reuters) – Thousands of rooftop solar energy customers in Nevada are expected to be grandfathered into older, more favorable rates for 20 years under a settlement between Elon Musk’s SolarCity Corp and the NV Energy unit of Warren Buffett’s Berkshire…
Britain’s WPP praises ‘significant’ reforms in Argentina
BUENOS AIRES (Reuters) – The chief executive of the world’s largest advertising company WPP told Reuters that Argentina’s new government has made “significant” reforms in a short period of time and his group would like to make more acquisitions and in…
Drop in oil sends Wall Street sliding
(Reuters) – U.S. stocks fell sharply on Tuesday, with energy shares slammed by lower oil prices and financials dropping on diminished prospects of a near-term rate hike.
SpaceX aims to resume launches in November, president says
CAPE CANAVERAL, Fla. (Reuters) – SpaceX is aiming to resume flights in November following a launch pad fire that destroyed a Falcon 9 rocket and an Israeli communications satellite it was due to lift into orbit, the company’s president said on Tuesday.
Boeing wins $700 million U.S. defense contract: Pentagon
WASHINGTON (Reuters) – Boeing Co has been awarded a $700 million U.S. defense contract for Small Diameter Bomb Increment 1 weapons, the Pentagon said on Tuesday.
U.S. judge denies Vivint request to advance SunEdison litigation
(Reuters) – A U.S. bankruptcy court judge on Tuesday denied Vivint Solar Inc’s request to advance its lawsuit against bankrupt renewable energy developer SunEdison Inc stemming from a failed merger.
Fed looks unlikely to hike next week after Brainard warning
CHICAGO (Reuters) – The Federal Reserve should avoid removing support for the U.S. economy too quickly, Fed Governor Lael Brainard said on Monday in comments that solidified the view the central bank would leave interest rates unchanged next week.
