Gundlach’s DoubleLine Capital posts 22nd straight month of inflows
NEW YORK (Reuters) – DoubleLine Capital, the investment firm with $80 billion in assets overseen by widely followed co-founder Jeffrey Gundlach, posted net inflow of $1.08 billion in November, the 22nd month it has attracted new money.
New York proposes banking rules to prevent illicit financing
(Reuters) – New regulations proposed by New York Governor Andrew Cuomo on Tuesday would require banks operating in the state to adopt rigorous measures to prevent money laundering and the financing of terrorist groups.
Bosch sued over alleged role in VW diesel emissions scandal
WASHINGTON (Reuters) – German auto supplier Robert Bosch GmbH has been accused of conspiring with Volkswagen AG to evade diesel emissions standards in at least 11 million vehicles worldwide in a class action lawsuit filed late on Monday.
Fed should be explicit in spelling out gradual pace of rate hikes: Evans
EAST LANSING, Mich. (Reuters) – The Federal Reserve should use the communication tools at its disposal at its December meeting to spell out a gradual pace of rate increases, Chicago Federal Reserve President Charles Evans said on Tuesday.
Schlumberger to cut more jobs as drilling downturn bites
NEW YORK (Reuters) – Oil service company Schlumberger announced another round of job cuts on Tuesday, adding to 20,000 already this year, as low oil prices and a slowdown in drilling was expected to continue into next year.
Amazon gadget sales more than triple over Thanksgiving weekend
(Reuters) – Amazon.com Inc said sales of its electronic gadgets more than tripled over the Thanksgiving weekend from last year, with the Fire tablet the top-selling product.
Wells Fargo CEO complains about Fed debt issuance requirement
(Reuters) – Wells Fargo & Co CEO John Stumpf said on Tuesday he disagrees with a new rule designed to boost one of the bank’s cushions for absorbing losses.
Cyber Monday sales top $3 billion as discounts spur buyers
(Reuters) – Americans bought more than $3 billion worth of goods on Cyber Monday, a leading survey showed, as bigger-than-expected discounts and strong demand for electronics and toys added up to the biggest ever day for U.S. online sales.
Porsche, Piech families committed to Volkswagen and Wolfsburg
BERLIN (Reuters) – The Porsche-Piech family clan, which control a majority of the voting rights in Volkswagen , is convinced the German automaker and its hometown of Wolfsburg can overcome the emissions scandal, the Porsche chairman said on Tuesday.
For third consecutive quarter, U.S. CEOs cautious on economy: poll
CHICAGO (Reuters) – For the third consecutive quarter, U.S. CEOs expressed growing caution about the country’s economic prospects in the short term and more said they expected to curtail capital investments over the next six months, according to a surv…
