Drugmaker Valeant’s bondholders intend to call default
(Reuters) – Valeant Pharmaceuticals International Inc said on Tuesday that it received a notice of default from its bondholders as a result of a delay filing its annual report.
Surging energy shares boost Wall Street as earnings kick off
(Reuters) – Wall Street gained on Tuesday, led by surging energy shares that were buttressed by rising oil prices, as investors scooped up equities at the start of corporate earnings season.
U.S. lawsuit against activist ValueAct puts mutual funds on alert
NEW YORK/BOSTON (Reuters) – The U.S. government’s lawsuit against ValueAct Capital targets one activist investor but could call into question routine practices across the $16 trillion mutual fund industry, according to attorneys and industry representa…
Analysis: Fed eyes U.S. rate hike, but second-guesses economic gauges
SAN FRANCISCO/RUSTON, La. (Reuters) – Federal Reserve Chair Janet Yellen has declared that the U.S. central bank’s interest-rate decisions will depend on how the economy performs.
U.S. regulators to notify some banks their ‘living wills’ are flawed: WSJ
WASHINGTON (Reuters) – U.S regulators are preparing to notify some of the country’s largest banks, including JPMorgan Chase & Co , that they have submitted flawed “living wills,” the Wall Street Journal reported on Tuesday, citing people familiar with the matter.
IMF cuts global growth outlook again, warns of political risks
WASHINGTON (Reuters) – The International Monetary Fund warned on Tuesday of the risk of political isolationism, notably Britain’s possible exit from the European Union, and the risk of growing economic inequality as it cut its global economic growth fo…
Plaintiffs eye path ahead in GM ignition-switch cases
NEW YORK (Reuters) – Lawyers for plaintiffs suing General Motors Co over injuries and deaths blamed on faulty ignitions switches said they are prepared to forge ahead with further trials this year despite promising recent developments for the automaker…
Two Fed bank presidents backed rate hike ahead of last meeting
WASHINGTON (Reuters) – The heads of two regional Federal Reserve banks supported a rate hike ahead of the Fed’s March meeting as an improving economy added to sentiment to tighten monetary policy.
N.Y. Fed joins U.S. GDP forecasting game
NEW YORK (Reuters) – The New York Federal Reserve will launch a weekly gauge of the U.S. economy at a time when investors are concerned about slowing overseas demand and wild swings across financial markets.
VW plans bonus cuts after diesel scandal pressure: sources
BERLIN (Reuters) – Volkswagen may make significant cuts to bonuses for senior managers, people familiar with the matter said, in an attempt to resolve an internal dispute over executive pay following the diesel emissions scandal at the German carmaker…
