U.S. business borrowing for equipment falls in August: ELFA
(Reuters) – U.S. companies’ borrowing for capital investment fell 7 percent in August, the Equipment Leasing and Finance Association (ELFA) said.
Oakland lawsuit accuses Wells Fargo of mortgage discrimination
NEW YORK (Reuters) – The City of Oakland, California has sued Wells Fargo & Co, accusing the largest U.S. mortgage lender of steering minorities into high-cost mortgage loans that allegedly led to foreclosures, abandoned properties and neighborhood blight.
GE names brand executive Boff as chief marketing officer
(Reuters) – General Electric Co on Tuesday named top brand executive Linda Boff as its chief marketing officer, as the U.S. conglomerate tries to position itself as a digital industrial company.
Apple plans steps to prevent future App Store attacks
BEIJING/BOSTON (Reuters) – A senior Apple Inc executive on Tuesday said the company would make it easier for Chinese app developers to download its tools for building mobile apps in a bid to prevent further attacks on its App Store.
Pimco: Fed ‘may find it impossible’ to escape lower bound of rates
NEW YORK (Reuters) – Bond fund giant Pacific Investment Management Co said on Tuesday the pace of Federal Reserve interest-rate increases is likely to be even more gradual than the firm expected in March and that the U.S. central bank may find it impos…
Starbucks expands sales-boosting Mobile Order & Pay across U.S.
LOS ANGELES (Reuters) – Starbucks Corp on Tuesday said its sales-boosting Mobile Order & Pay service is now available in all of its nearly 7,500 U.S. company-operated shops, a nationwide roll-out completed about three months ahead of schedule.
SEC to propose rules to shore up liquidity risk management for funds
WASHINGTON (Reuters) – Mutual funds and exchange-traded funds will be required to create new programs to better manage their liquidity, under a plan unveiled by U.S. securities regulators on Tuesday.
Fiat Chrysler U.S. says its cars do not use any defeat devices
MILAN (Reuters) – The U.S. unit of Fiat Chrysler Automobiles said on Tuesday its vehicles do not use any defeat devices like those at the centre of an emissions scandal plaguing rival Volkswagen.
United Airlines to seek approval for service to Xian, China
(Reuters) – United Airlines Inc plans to become the first carrier in the world to operate flights between the United States and Xian, China, a popular tourist destination close to the famous Terracotta Army site.
From spies to smartphones: Britain’s Aga set for another new chapter
LONDON (Reuters) – The sale of oven maker Aga Rangemaster to a U.S. owner with global ambitions caps the transformation of a quintessential English country brand created by some of the biggest names in global design, advertising – and espionage.
