KKR, Apollo Global seek to buy GE’s inventory finance arm
(Reuters) – KKR & Co and Apollo Global Management are seeking to acquire General Electric Co’s inventory finance arm, Bloomberg reported on Friday.
Curbing enthusiasm ahead of Fed meeting
NEW YORK (Reuters) – With stocks already in a corrective phase on Wall Street, next week’s long-awaited Federal Reserve meeting may not spur a wild market reaction, even if the central bank hikes rates for the first time in almost a decade.
SEC can pursue insider trading case against brokers: judge
NEW YORK (Reuters) – Two New York stockbrokers must face civil insider trading charges brought by U.S. securities regulators, a U.S. judge ruled on Friday, despite a landmark appellate ruling that torpedoed the criminal case against them.
Oil ends down about 2 percent as Goldman Sachs cuts price forecast
NEW YORK (Reuters) – Crude futures fell 2 percent or more on Friday after influential Wall Street trader Goldman Sachs cut its outlook on oil, but positive sentiment from rebounding U.S. stock prices and less drilling for oil helped the market pare los…
Major car makers agree to make automatic braking standard in U.S
RUCKERSVILLE, Va. (Reuters) – A group of major automakers accounting for more than half of U.S. auto sales will make automatic emergency braking standard on new U.S. vehicles in one of the industry’s biggest auto safety moves since it embraced technolo…
Big banks in $1.865 billion swaps price-fixing settlement
NEW YORK (Reuters) – Twelve major banks have reached a $1.865 billion settlement to resolve investor claims that they conspired to fix prices and limit competition in the market for credit default swaps, a lawyer for the investors said on Friday.
PepsiCo expands availability of soda caps for SodaStream machines
(Reuters) – PepsiCo Inc said it would offer caps filled with Pepsi and Sierra Mist drink mixes for at-home soda machines made by SodaStream International Ltd on more platforms as it tests the homemade beverages market for its products.
GoDaddy prevails in lawsuit over Oscar trademarks
(Reuters) – GoDaddy Inc prevailed in a cybersquatting lawsuit brought by the Academy of Motion Picture Arts and Sciences, which accused the Internet domain registrar of illegally profiting off its trademarks, including for the Oscar telecasts.
Weak U.S. consumer sentiment, tame inflation muddy Fed rate outlook
WASHINGTON (Reuters) – U.S. consumer sentiment hit its lowest in a year in early September and producer prices were flat in August, signaling moderate economic growth and tame inflation that could weigh on the Federal Reserve’s decision whether to hike…
Ex-Citi trader points finger at bosses for culture that allowed breaches
LONDON (Reuters) – A former foreign exchange trader claiming he was unfairly dismissed by Citigroup said the sharing of client information looks wrong now it has come under scrutiny from regulators, but was condoned by senior management at the time.
