Wall Street flat as tech offsets manufacturing data
NEW YORK (Reuters) – U.S. stocks were flat on Thursday, with gains in the tech sector offseting sluggish factory activity data and lower oil prices, as investors exercised caution ahead of a key payrolls report on Friday.
U.S. gives swap dealers more time on margin rules, Asia trading stumbles
SINGAPORE/HONG KONG/CHICAGO (Reuters) – U.S. financial regulators gave over-the-counter (OTC) swap dealers an extra month to comply with new derivatives trading rules set to take effect on Thursday, after Asia’s market ground to a near halt due to unce…
Pennsylvania reinstates Uber’s record $11.4 million fine
(Reuters) – A Pennsylvania regulator on Thursday reinstated a record $11.4 million fine against the popular ride-sharing service Uber Technologies Inc for operating illegally in the state in 2014.
Harley-Davidson says plans to cut about 200 jobs
(Reuters) – Harley-Davidson Inc plans to cut about 200 positions as the company adjusts its production schedule due to a lower forecast for motorcycle shipments in 2016, a company spokeswoman said on Thursday.
Obama likely to address corporate tax avoidance at G20: White House
ABOARD AIR FORCE ONE (Reuters) – President Barack Obama will likely have discussions with world leaders at the upcoming G20 meeting in China about controlling corporate tax avoidance and creating a more fair global tax system, the White House said on T…
August U.S. auto sales fall; carmakers say industry has peaked
DETROIT (Reuters) – U.S. auto sales fell 4.2 percent in August as some major automakers said a long-expected decline due to softer consumer demand had begun, possibly sparking a shift to juicer customer incentives and slower production.
Exclusive: HP Enterprise in talks to sell software unit to Thoma Bravo – sources
(Reuters) – Hewlett Packard Enterprise Co (HPE) is in talks with buyout firm Thoma Bravo LLC to sell its software division, hoping it can fetch between $8 billion and $10 billion, according to people familiar with the matter.
Verizon CFO Shammo to retire at the end of 2016
NEW YORK (Reuters) – Verizon Communications Inc said on Thursday that its chief financial officer, Francis Shammo, plans to retire at the end of the year and will step down from his role effective Nov. 1.
Fed may stay cool on September hike even if job market glows hot
SAN FRANCISCO (Reuters) – Even if a report due Friday shows U.S. companies kept up their rapid pace of hiring in August, there is still enough resistance among policymakers at the Federal Reserve to delay an interest-rate hike at the bank’s September m…
Duke Energy shareholder lawsuit over CEO firing moves forward
(Reuters) – Duke Energy Corp’s board must face a shareholder lawsuit over its abrupt 2012 firing of its newly installed chief executive, a Delaware judge has ruled.
