Exclusive: Nigeria expects oil output freeze at Doha meeting even without Iran
ABUJA (Reuters) – OPEC member Nigeria expects oil producers to agree a supply freeze at a meeting in Doha next month which should stabilize crude prices even if Iran does not join, its petroleum minister said on Wednesday.
Airbus unveils new cabin brand adding more seats to planes
LONDON (Reuters) – European planemaker Airbus unveiled a new cabin brand on Wednesday designed to help cost-conscious airlines carry more passengers on long-haul flights while avoiding additional discomfort.
BofA settles claims it cheated Merrill trainees out of overtime
NEW YORK (Reuters) – Bank of America Corp and its Merrill Lynch unit will pay $14 million to settle lawsuits claiming that they forced financial adviser trainees to work 60 hours and more per week, including on weekends, without paying them overtime.
UK court orders jailed Libor trader to pay $1.25 million
LONDON (Reuters) – Tom Hayes, a former star trader serving an 11-year jail sentence for manipulating Libor interest rates, was on Wednesday ordered to pay 878,806 pounds ($1.25 million) by a judge or face further time in prison.
Steven Cohen’s Point72 asset manager eyes Asia expansion
NEW YORK (Reuters) – Billionaire Steven A. Cohen, long a major investor in U.S. stocks, is looking for more opportunities overseas and is beefing up his management team in Asia, his top deputy said.
Ex-officials at Venezuela’s PDVSA pleaded guilty in bribe case: U.S.
(Reuters) – Three former officials at Venezuela’s state oil company have pleaded guilty to U.S. charges related to a scheme by two businessmen to corruptly secure energy contracts, the U.S. Justice Department said on Wednesday.
Renault-Nissan CEO says better than expected auto industry sales in 2016
NEW YORK (Reuters) – Carlos Ghosn, CEO of the Renault-Nissan Alliance, said Wednesday he thinks auto industry sales will outpace industry forecasts in the United States and Europe this year.
Amaya CEO charged with insider trading by Quebec regulator
(Reuters) – Canadian gambling website operator Amaya Inc’s Chief Executive David Baazov has been charged with insider trading by Quebec’s securities regulator.
British judge approves extradition of ‘flash crash’ trader to U.S.
LONDON (Reuters) – A British judge approved on Wednesday a U.S. request for the extradition of a London-based trader accused of contributing to the 2010 Wall Street “flash crash” by placing bogus orders to spoof the market.
Exclusive: U.S. investor group urges halt to dual-class structures in IPOs
BOSTON (Reuters) – An influential group representing top U.S. pension funds on Wednesday urged companies that go public to stop using a maneuver that gives insiders extra control and makes other investors second-class corporate citizens.
