Energy companies spend big to fight Colorado ballot initiatives
HOUSTON (Reuters) – Energy companies in Colorado are spending millions of dollars to derail a push by environmentalists to put measures on November’s ballot that would stifle oil and gas drilling in the state, according to a Reuters review of campaign …
Hedge fund manager Ackman still betting against Herbalife
NEW YORK (Reuters) – Billionaire investor Bill Ackman said on Thursday that he was still betting against Herbalife Ltd shares and that the company needed to make “material changes to its incentive structure.”
BlackRock profit falls but matches expectations, fee revenue slips
NEW YORK (Reuters) – BlackRock Inc’s profit fell 3.7 percent in the second quarter as global market turmoil spurred investors to shift from stocks to cash and bonds, hurting fee income at the world’s largest asset management company.
Facebook makes little progress in race, gender diversity: report
(Reuters) – Facebook Inc’s employees are still mainly white or Asian males as the world’s largest social network made little progress in hiring a more diverse talent pool over the past year, it said on Thursday.
Fed’s Lockhart: Brexit, uncertainty, require patience on rates
VICTOR, Idaho (Reuters) – The U.S. Federal Reserve should remain “cautious and patient” with any future interest rate increases as the fallout from the recent Brexit vote becomes clear, Atlanta Fed President Dennis Lockhart said on Thursday, adding wei…
Bank of England jolts sterling as it keeps rates on hold, August move expected
LONDON (Reuters) – The Bank of England wrong-footed investors by keeping interest rates on hold on Thursday, but held out the prospect of a stimulus package soon to help the economy cope with Britain’s decision to leave the European Union.
Mired in low rates, JPMorgan buoys itself with loan growth
(Reuters) – JPMorgan Chase & Co is lending more and keeping a lid on expenses to combat the scourge of low interest rates, allowing management to stick to financial goals for the year.
U.S. jobs, inflation data point to sustained economic strength
WASHINGTON (Reuters) – The number of Americans filing for unemployment benefits unexpectedly held steady near a 43-year low last week, pointing to further momentum in the labor market after job growth surged in June.
Airbus beats Boeing on orders tally at Farnborough Airshow
FARNBOROUGH, England (Reuters) – Airbus flew past rival Boeing to end the Farnborough Airshow with 279 orders and commitments worth $35 billion at list prices, but orders from both planemakers fell compared with the sister show in Paris last year.
France’s Hollande joins critics of Barroso’s Goldman appointment
PARIS (Reuters) – French President Francois Hollande on Thursday became the most senior critic to date of former European Commission chief Jose Manuel Barroso’s decision to take a job at the investment bank Goldman Sachs.
