CFTC fines Barclays $800,000 for supervision failures
(Reuters) – The U.S. Commodity Futures Trading Commission on Thursday ordered Barclays Capital to pay $800,000 as a penalty for supervision failures relating to fees for trading and clearing of Chicago Mercantile Exchange products.
New U.S. mortgage rules aim to stop wrongful foreclosures
WASHINGTON (Reuters) – The U.S. agency charged with protecting consumers’ finances approved rules on Thursday that will help prevent wrongful home foreclosures, as the regulator continues to press on with reforming the country’s massive lending market….
Judge for U.S. lawsuits to stop insurance mergers may drop one case
WASHINGTON (Reuters) – The judge assigned to rule whether the U.S. government can block the mega-mergers of health insurers Aetna Inc and Humana Inc , and Anthem Inc and Cigna Corp said on Thursday it would be difficult for him to decide both cases …
Away from spotlight, U.S. manufacturers battle back from ‘China shock’
HICKORY, North Carolina (Reuters) – As furniture makers left Hickory and headed to China at the start of the century, the local community college shuttered its courses in furniture production, abandoning an industry that had sustained this North Caroli…
Allergan’s cash-use plan, pipeline could add to share run
NEW YORK (Reuters) – Four months after the collapse of its deal to be bought by Pfizer , Allergan plc has a $33 billion war chest, a pipeline of experimental drugs that some investors view as undervalued and optimistic shareholders scooping up its sha…
Chevron to sell assets in Asia worth up to $5 billion: WSJ
(Reuters) – Chevron Corp, the second-largest U.S. oil company, is selling some assets in Asia worth up to $5 billion, the Wall Street Journal reported, citing people familiar with the matter.
Ex-Wall Street banker says he did not give insider tips to father
NEW YORK (Reuters) – A former Wall Street investment banker proclaimed on Thursday that he was innocent of insider trading charges, testifying that he never tipped his father off to inside information about healthcare mergers.
U.S. factory orders fall, business spending shows signs of stabilizing
New orders for U.S. factory goods fell for a second straight month in June on weak demand for transportation equipment and capital goods, but signs of stabilization in business spending offered some hope for struggling industries.
Time Inc’s revenue misses estimates as print ads dry up
(Reuters) – Magazine publisher Time Inc posted lower-than-expected quarterly revenue as higher digital advertising revenue failed to make up for a fall in income from print ads.
Bank of England brings down stimulus sledgehammer to beat Brexit blues
LONDON (Reuters) – The Bank of England swung into action on Thursday against the economic shock from Britain’s vote to leave the European Union, cutting interest rates to near nothing and unleashing billions of pounds to cushion the Brexit blow.
