Monsanto to pay $80 million in SEC settlement over Roundup earnings
WASHINGTON (Reuters) – Monsanto Co will pay $80 million to settle civil accounting violations after it allegedly misstated its earnings in connection with its top-selling Roundup product, U.S. securities regulators said on Tuesday.
Amazon expands logistics reach in China
SAN FRANCISCO/SHANGHAI (Reuters) – Amazon.com Inc is aggressively expanding its logistics operations in China as part of a broader effort to control the rising cost of shipping billions of packages.
More Americans quitting jobs as labor market strengthens
WASHINGTON (Reuters) – U.S. job openings surged in December and the number of Americans voluntarily quitting work hit a nine-year high, pointing to labor market strength despite a slowdown in economic growth.
Yellen faces tough sell on Fed rate hikes in Congress
WASHINGTON/SAN FRANCISCO (Reuters) – Federal Reserve Chair Janet Yellen will defend the U.S. central bank’s first rate hike in a decade and likely insist that further rises this year remain on track, albeit at a slower pace, when she addresses Congress…
Burberry sues J.C. Penney for trademark infringement
NEW YORK (Reuters) – Burberry Group Plc , the British luxury fashion brand, sued J C Penney Co Inc on Tuesday, accusing the U.S. retailer of selling “scarf coats” and jackets featuring exact copies of its trademarked “Burberry check.”
Viacom CEO rails against ‘naysayers’ as sales miss estimates, shares tumble
(Reuters) – Viacom Inc CEO Philippe Dauman railed at critics of his leadership after a fifth straight quarter missing Wall Street’s sales estimates on Tuesday, unnerving investors and sending the media company’s shares down more than 15 percent to a fo…
Calpers buys New York office tower for $1.9 billion: Sacramento Bee
(Reuters) – Calpers has purchased a New York office tower for $1.9 billion, in one of the biggest real estate investments in its history, the Sacramento Bee newspaper reported on Tuesday.
As worries mount, European banks face sell-off more savage than 2008
LONDON (Reuters) – Big European bank stocks, mired by a seemingly endless list of investor concerns, are being sold-off more brutally than they were at the start of the financial crisis in 2008.
No easy way out for Deutsche Bank as investors ‘lose faith’
FRANKFURT (Reuters) – Deutsche Bank bosses face a formidable task to drag its shares off a 30-year low, with reassurances about its capital levels doing little to improve investor confidence and few other options on the table to trigger a recovery.
Banks eye more cost cuts amid global growth concerns
(Reuters) – Goldman Sachs Group Inc and other U.S. banks are looking at ways to slash expenses further this year as market turmoil, declining oil prices and concerns about Germany’s Deutsche Bank AG have sent the sector’s shares down sharply.
