U.S. panel asks Valeant to justify withholding documents
(Reuters) – A U.S. congressional committee stepped up the pressure on Valeant Pharmaceuticals International Inc on Thursday, urging the company to explain why it was withholding documents related to an investigation into drug pricing.
U.S. jobless claims hit five-month low as labor market strengthens
WASHINGTON (Reuters) – The number of Americans filing for unemployment benefits fell more than expected last week, hitting its lowest level since October, pointing to sustained strength in the labor market that should further dispel fears of a recession. Initial claims for state unemployment benefits declined 18,000 to a seasonally adjusted 259,000 for the week ended March 5, the lowest reading since mid-October, the Labor Department said on Thursday.
HSBC money laundering report’s release delayed amid U.S. appeal
NEW YORK (Reuters) – A U.S. judge has agreed to delay the release of a report that says HSBC Holdings Plc “moved too slowly” to enhance its anti-money laundering compliance program following a $1.9 billion pact with the U.S. Justice Department.
U.S., EU officials downplay risk of ‘tax war’
DUBLIN (Reuters) – Senior U.S. and EU officials on Thursday played down the risk that probes into U.S. firms’ tax dealings could lead to a trans-Atlantic tax war, saying both sides were engaging closely to avoid an escalation.
VW to cut 3,000 office jobs in Germany by end 2017: sources
BERLIN (Reuters) – Volkswagen plans to cut about 3,000 office jobs in Germany by the end of 2017 as the carmaker strives to offset the cost of its emissions test-rigging scandal, two sources at the company said on Thursday.
Fed to raise rates by mid-year, again before year-end: Reuters poll
(Reuters) – The U.S. Federal Reserve will hike rates again by end-June and once more before year-end, according to economists in a Reuters poll who are generally as convinced or even more about the trajectory of rates than a month ago.
U.S. auto safety agency seeking details of Google self-driving crash
WASHINGTON (Reuters) – The top U.S. auto safety regulator said on Thursday the agency is seeking additional details of a recent crash of an Alphabet Inc Google self-driving car in California.
How a hacker’s typo helped stop a billion dollar bank heist
DHAKA (Reuters) – A spelling mistake in an online bank transfer instruction helped prevent a nearly $1 billion heist last month involving the Bangladesh central bank and the New York Fed, banking officials said.
Oil meeting on output freeze unlikely without Iran progress: sources
DUBAI/LONDON (Reuters) – A meeting between oil producers to discuss a global pact on freezing production is unlikely to take place in Russia on March 20, sources familiar with the matter say, as OPEC member Iran is yet to say whether it would participa…
Uber and Lyft won’t crimp U.S. car sales in near term: survey
DETROIT (Reuters) – The growing popularity of car- and ride-sharing services such as Uber, Lyft and Zipcar will not put a crimp in U.S. vehicle sales any time soon, according to a survey released on Thursday.
