Cuomo’s pick for NY financial regulator signals business-friendly tact
(Reuters) – New York Governor Andrew Cuomo’s pick to become the state’s top financial regulator signaled during hearings on Wednesday that she would take a more business-friendly approach than her predecessor, who was known for his pursuit of big banks…
Top auto regulator: Nimble rules needed for self-driving cars
(Reuters) – The top U.S. vehicle safety regulator said on Wednesday the government needs to be more nimble in designing rules for self-driving vehicles.
Services data suggest upward revision to first-quarter GDP
WASHINGTON (Reuters) – The U.S. economy was probably not as weak as has been reported in the first quarter, with data on Wednesday showing stronger consumer spending and investment in intellectual products than previously estimated.
SEC adopts trade acknowledgment, rules for swaps
WASHINGTON (Reuters) – The U.S. Securities and Exchange Commission on Wednesday said parties in swaps must now acknowledge their trades electronically within a day, and also promptly verify or dispute the terms of the swap under rules it had adopted.
Verizon strike seen hitting second-quarter earnings: CFO
NEW YORK (Reuters) – The seven-week strike by Verizon Communications Inc’s wireline workers will hurt the company’s second-quarter earnings and potentially cost up to 7 cents per share, its chief financial officer said.
Hiring in April at slowest pace in nearly two years
WASHINGTON (Reuters) – The pace of hiring by U.S. employers slowed to near a two-year low in April, pushing up job openings in a potential sign that firms are having a hard time finding workers.
Exclusive: Commerzbank considers hoarding billions to avoid ECB charges – sources
FRANKFURT (Reuters) – Commerzbank, one of Germany’s biggest lenders, is examining the possibility of hoarding billions of euros in vaults rather than paying a penalty charge for parking it with the European Central Bank, according to sources familiar w…
Suzuki patriarch steps down from CEO post as mileage test storm grows
TOKYO (Reuters) – Suzuki Motor Corp patriarch Osamu Suzuki is stepping down as chief executive and the Japanese automaker promised to cut executive pay and slash 2015 bonuses after the bruising admission of major flaws in its fuel tests.
Lululemon Athletica raises revenue forecast; shares rise
(Reuters) – Lululemon Athletica Inc’s quarterly revenue beat analysts’ estimates and the Canadian yoga-wear maker slightly raised its 2016 revenue forecast, sending its shares up in premarket trading.
Saudi Arabia aims for social overhaul in reform plan
JEDDAH, Saudi Arabia (Reuters) – Saudi Arabia’s sweeping plans to overhaul its economy in coming years are matched by proposals for social transformation that extend to ways of tackling domestic violence, increasing city park space and reducing road de…
