Battered transport stocks could attract on price
(Reuters) – Though the stock market has broadly recovered from its August swoon, the same can’t be said of transport stocks. Continuing weakness in railroad and trucking companies have pushed the Dow Jones Transport Average index away from the S&P 500, a divergence that often is seen as a broad sell sign.
Largest U.S. banks face $120 billion shortfall under new rule
(Reuters) – Six big U.S. banks need to raise an additional $120 billion, most likely in long-term debt, under a rule proposed on Friday by the Federal Reserve.
BofA reaches $335 million settlement over mortgages, MERS
NEW YORK (Reuters) – Bank of America Corp has reached a $335 million settlement of a federal lawsuit accusing it of misleading shareholders about its exposure to risky mortgage securities and its dependence on an electronic mortgage registry known as M…
Exclusive: Beyond Valeant, U.S. payers scrutinize other drugmaker ties to pharmacies
LOS ANGELES (Reuters) – Express Scripts Holding Co, the largest U.S. pharmacy benefit manager, is reviewing pharmacy programs run by AbbVie Inc and Teva Pharmaceuticals Industries Ltd after finding questionable practices at Valeant Pharmaceuticals Inte…
Boeing likely to match Airbus on single-aisle output: source
SEATTLE (Reuters) – Boeing Co is likely to broadly match European rival Airbus SA in notching up production of single-aisle aircraft to 60 a month, but the timing of Boeing’s move remains uncertain, according to a person familiar with the situation.
ECB to say how much Greek banks need to survive
FRANKFURT (Reuters) – The European Central Bank is expected to say on Saturday that Greek’s battered banks need up to 14 billion euros ($15.4 billion) in fresh capital in order to survive.
Chevron slashes jobs and spending to weather low oil prices
(Reuters) – Chevron Corp is slashing 10 percent of its workforce and sharply paring back its budget, with Chief Executive Officer John Watson giving a downbeat view on Friday of an industry beleaguered by low oil prices.
Stocks slip but post best month in four years
(Reuters) – U.S. stock indexes finished with their strongest monthly performances in four years on Friday, even as they dipped for the day amid a mixed bag of earnings reports.
Valeant says Philidor pharmacy shutting down as it cuts ties
(Reuters) – Valeant Pharmaceuticals International Inc , seeking to allay investor concerns about its business practices, said Friday it is cutting ties with a specialty pharmacy called Philidor Rx Services accused of helping it inflate revenue.
Largest U.S. banks face $120 billion shortfall under new rule
(Reuters) – Six big U.S. banks need to raise an additional $120 billion, most likely in long-term debt, under a rule proposed on Friday by the Federal Reserve.
