Exclusive: Texas fund EMG halts new deals with indicted McClendon
HOUSTON (Reuters) – Private equity fund Energy & Minerals Group told investors on Wednesday it will stop entering new deals with Aubrey McClendon, the former chief executive officer of Chesapeake Energy Corp , a day after the U.S. government charged him with breaking antitrust laws.
Privacy groups urge U.S. judge to support Apple in iPhone case
(Reuters) – Digital privacy advocates have called on a U.S. federal judge to approve Apple Inc’s request not to be compelled to build software to help the FBI unlock an iPhone used by one of the shooters in the San Bernardino attack.
Fed’s Williams says ‘gradual’ is key message on rate hikes
SAN RAMON, Calif. (Reuters) – San Francisco Federal Reserve President John Williams said Wednesday that the key message from the U.S. central bank is that interest-rate hikes will be “gradual.”
Wall Street little changed as energy stocks gain
(Reuters) – Wall Street was little changed on Wednesday as gains in energy stocks were offset by declines in utilities and materials.
Fed’s Williams says U.S. economy faces little risk of recession
SAN RAMON, Calif. (Reuters) – San Francisco Federal Reserve President John Williams struck an optimistic note on Wednesday, telling a group of businessmen that the U.S. economy is powering through headwinds from abroad and faces no tangible risk of rec…
Former Google CEO Schmidt to head new Pentagon innovation board
SAN FRANCISCO (Reuters) – Eric Schmidt, the former chief executive officer of Google, has agreed to head a new Pentagon advisory board aimed at bringing Silicon Valley innovation and best practices to the U.S. military, Defense Secretary Ash Carter sai…
Exclusive: Canyon Capital prepares board challenge to Ambac – source
NEW YORK (Reuters) – Hedge fund Canyon Capital Advisors LLC is preparing to challenge the leadership of Ambac Financial Group Inc by putting its own nominees up for election to the bond insurer’s board, a person familiar with the matter said.
Exxon Mobil eyes acquisitions, forecasts lowered spending
NEW YORK (Reuters) – Exxon Mobil Corp said on Wednesday it would continue to cut spending as long as crude prices remain low, but the world’s largest publicly traded oil company added it may look at potential acquisitions in a bid to offset a dip in production.
EU politicians begin inquiry into VW emissions scandal
BRUSSELS (Reuters) – The European Parliament on Wednesday began a year-long investigation into the Volkswagen emissions scandal and whether regulators could have done more to prevent it.
Deutsche Bank CEO aims for universal bank with German roots
FRANKFURT (Reuters) – Deutsche Bank is firmly focused on being a top international corporate and capital markets player with strong roots in Germany, its Chief Executive John Cryan said on Wednesday.
