JPMorgan urges investors to vote down break-up proposal
(Reuters) – JPMorgan Chase & Co urged shareholders on Thursday to vote against appointing a committee to explore a break up of the bank, reiterating that splitting its businesses would not be in investors’ best interests.
Seven & i’s 83-year-old CEO quits after board rejects his proposal
TOKYO (Reuters) – The veteran boss of retail group Seven & i Holdings Co Ltd , who pioneered 24-hour convenience stores in Japan four decades ago, said on Thursday that he is stepping down to take responsibility for a failed management reshuffle.
Election stirs debate about Fed’s handling of political pressure
WASHINGTON (Reuters) – Donald Trump says the Federal Reserve has stoked asset bubbles and backs a congressional review of its decisions. Bernie Sanders also wants to “audit” the Fed to make it less beholden to Wall Street. Ted Cruz calls for a return t…
U.S. job market firming despite anemic economic growth
WASHINGTON (Reuters) – The number of Americans filing for unemployment benefits fell more than expected last week, suggesting the labor market continued to strengthen despite tepid economic growth. Initial claims for state unemployment benefits decline…
Pacific Sunwear files for bankruptcy protection
(Reuters) – Struggling teen apparel retailer Pacific Sunwear of California Inc filed for Chapter 11 bankruptcy protection on Thursday, succumbing to mounting losses and intense competition in the industry.
Valeant gets extra month from lenders to file annual report
(Reuters) – Valeant Pharmaceuticals International Inc said on Thursday its lenders had agreed to give it an extra month to file its annual report, providing further reassurance to investors as the company attempts to win back their confidence.
Eyes on Yellen as dollar sinks against yen
LONDON (Reuters) – All eyes in financial markets were on an appearance by Janet Yellen on Thursday after meeting minutes showed the U.S. Federal Reserve is still far from another rise in interest rates, driving the dollar to its weakest against the yen…
Oil steady as Iraqi exports up, offsetting U.S. inventories drop
LONDON (Reuters) – Oil steadied at around $40 per barrel on Thursday as a surprise fall in U.S. inventories the previous day was offset by an increase in exports from Iraq, underlining global oversupply.
UK watchdog asks banks to check for any ties to Mossack Fonseca
LONDON (Reuters) – Britain’s Financial Conduct Authority has asked 20 banks and other financial firms to check if they have any ties to Panama law firm Mossack Fonseca, the FCA said on Thursday.
Weak U.S. earnings expectations set stage for stock gains
NEW YORK (Reuters) – When Wall Street’s quarterly earnings season kicks in to high gear next week, hundreds of companies will vie for the bragging rights that come from “beating the Street” – showing revenues and profits that are higher than analysts e…
