JPMorgan to pay about $200 mln to settle Asia hiring probes
(Reuters) – JPMorgan Chase and Co is expected to pay about $200 million to settle criminal and civil probes over its Asian hiring practices, according to a person familiar with the matter.
Amazon enters student loan business in partnership with Wells Fargo
(Reuters) – Amazon.com Inc is entering the student loan business in a partnership with Wells Fargo & Co, offering cheaper rates for loans to Amazon customers who pay for a “Prime Student” subscription.
Strong U.S. home sales, low layoffs highlight economy’s strength
WASHINGTON (Reuters) – U.S. home resales hit their highest level in nearly 9-1/2 years in June as low interest rates lured first-time buyers into the market and the number of Americans filing for unemployment benefits fell last week, underscoring the e…
HSBC reviewing 2013 forex probe after trader’s arrest: source
LONDON (Reuters) – HSBC is reviewing a past investigation of forex trades after the arrest on Tuesday night of a senior manager in New York for alleged fraud, according to a source familiar with the matter.
Exxon snaps up InterOil in LNG push as Oil Search bows out
(Reuters) – ExxonMobil Corp said on Thursday it would buy InterOil Corp for more than $2.5 billion in stock, adding a gas field to expand exports from Papua New Guinea and better positioning it to meet Asian demand for liquified natural gas.
Corzine, others settle with MF Global trustee over collapse
NEW YORK (Reuters) – Jon Corzine has reached a settlement with the trustee for the former New Jersey governor’s collapsed brokerage MF Global Holdings Ltd, as part of a series of accords expected to provide about $132 million to creditors, according to…
GM raises full-year forecast after strong second-quarter profit
DETROIT (Reuters) – General Motors Co on Thursday raised its forecast for full-year profits after reporting a record second-quarter profit as it continued to capitalize on strong sales of pickup trucks and sport utility vehicles in the United States.
ECB keeps door open to easing after holding rates steady
FRANKFURT (Reuters) – The European Central Bank kept interest rates unchanged on Thursday but left the door open to more policy stimulus, highlighting “great” uncertainty and abundant risks to the economic outlook.
German firms hold off UK investments ahead of Brexit talks
BERLIN (Reuters) – Some German companies are holding off making investments in Britain until they know more about the relationship the country will forge with the rest of Europe following the Brexit vote.
VW labor head warns of tough talks over savings, strategy
BERLIN (Reuters) – Volkswagen’s efficiency drive at its namesake brand is paying off, but talks over further savings and strategy changes will be tough, the carmaker’s labor boss predicted.
