U.S. congresswoman urges Labor Department to probe Chipotle over wage theft allegations
CHICAGO (Reuters) – A U.S. congresswoman urged the Labor Department on Monday to investigate Chipotle Mexican Grill for possible wage theft, another potential hurdle for the burrito chain as it seeks to rebound from food-safety problems last year.
Nasdaq plan for key stock exchange data draws rebuke from Bats
NEW YORK (Reuters) – Bats Global Markets on Monday accused rival exchange operator Nasdaq Inc of attempting to boost revenues by proposing a new feed for industry data essential to U.S. stock market operations.
Fertilizer majors Potash and Agrium to merge, face tough scrutiny
(Reuters) – Canadian fertilizer producers Potash Corp of Saskatchewan Inc and Agrium Inc agreed to combine to navigate a severe industry slump by boosting efficiency and cutting costs, but the new company’s potential pricing power may attract tough reg…
Fed’s Lockhart: ‘Serious discussion’ over rate rise warranted
ATLANTA (Reuters) – Current economic conditions warrant a “serious discussion” of whether to raise interest rates at next week’s Fed meeting, Atlanta Federal Reserve Bank president Dennis Lockhart said on Monday in remarks that may raise the likelihood…
U.S. says Chinese stainless steel strip, sheet imports being dumped in U.S.
WASHINGTON (Reuters) – The U.S. Commerce Department on Monday said it had made a preliminary finding that imports of stainless steel sheet and strip from China are being dumped in the U.S. market at below fair value.
Wells Fargo sales practices problems are credit negative: Moody’s
(Reuters) – Sales practices at Wells Fargo & Co that led to $190 million in regulatory fines and penalties last week have negative credit implications for the bank, rating agency Moody’s Investors Service said on Monday.
Samsung, LG sued over U.S. employee recruiting policies
SAN FRANCISCO (Reuters) – Samsung Electronics Co Ltd and LG Electronics were accused of agreeing to avoid poaching each other’s U.S. employees, according to a U.S. civil lawsuit filed last week, in what has become a familiar allegation in Silicon Valle…
JPMorgan whistleblower case revived by U.S. appeals court
NEW YORK (Reuters) – A federal appeals court on Monday revived a former JPMorgan Chase & Co private banker’s whistleblower lawsuit accusing the bank of firing her in retaliation for warning that an Israeli client might be committing fraud.
Bank of America investment banking on track for improvement in third quarter
(Reuters) – Bank of America Corp. is on track to post higher third quarter revenues in its investment banking business compared to the second quarter, the head of the unit said at an industry event Monday.
U.S. inflation expectations rebound in August: NY Fed survey
NEW YORK (Reuters) – Two measures of U.S. inflation expectations rebounded last month, according to a Federal Reserve Bank of New York survey that may come as a relief to central bankers worried about price measures stuck at low levels.
