Oil down after small U.S. drawdown; seen choppy before Brexit vote
NEW YORK (Reuters) – Oil prices settled down more than 1 percent on Wednesday after the U.S. government reported a smaller-than-expected inventory drawdown, and as investors fretted about Britain’s upcoming vote on whether to stay in the European Union…
Julia Child Foundation sues Airbnb over French home promotion
(Reuters) – A charitable foundation representing the legacy of renowned U.S. television chef Julia Child has sued Airbnb, saying the short-term rental company used her name without permission to promote a stay in France at her former vacation cottage i…
FAA proposes two new fines against Amazon.com over hazardous shipments
WASHINGTON (Reuters) – The U.S. Federal Aviation Administration said on Wednesday it is proposing $130,000 in civil fines against Amazon.com Inc for two new violations of shipping products that allegedly violated hazardous materials regulations.
Supreme Court’s Alito sells oil company shares, documents show
WASHINGTON (Reuters) – U.S. Supreme Court Justice Samuel Alito sold his shares in Exxon Mobil Corp worth up to $250,000 that had prompted him to step aside from cases involving the oil company, financial disclosure forms released on Wednesday showed.
IMF sees U.S. economy in ‘good shape’, too many in poverty
WASHINGTON (Reuters) – The International Monetary Fund said on Wednesday the U.S. economy was “overall in good shape,” with growth set to regain momentum despite an overvalued dollar, but it warned that too many Americans were dropping out of the workf…
Exclusive: RBS receives bids for Greek shipping business – sources
LONDON (Reuters) – The Royal Bank of Scotland has received bids for its Greek ship finance business, banking and financial sources familiar with the matter said, following a leap in bad shipping debts at the lender over the past few months.
NY Fed may do ‘enhanced monitoring’ of SWIFT money transfers: Yellen
WASHINGTON (Reuters) – The Federal Reserve Bank of New York might begin taking closer looks at international money transfers using the SWIFT network, Fed Chair Janet Yellen said on Wednesday in response to questions over a recent theft by cyber crimina…
U.S. policymakers, companies see a Brexit hurting investment, profits
WASHINGTON (Reuters) – A vote by Britons to leave the European Union on Thursday may not drag the United States into recession, but its effects on U.S. monetary policy, trade and corporate profits are causing concern in Washington D.C. and boardrooms a…
Low mortgage rates boost U.S. home sales to nine-year high
WASHINGTON (Reuters) – U.S. home resales rose in May to a more than nine-year high amid low mortgage rates, pointing to sustained housing market strength that should keep the economy on solid ground.
Goldman to lay off 98 New York employees between July and October
(Reuters) – Goldman Sachs Group Inc plans to lay off 98 employees in New York between July and October, according to a filing by the bank with the state’s Department of Labor.
