Credit Suisse to pay $288 million in damages in Lake Las Vegas refinancing
(Reuters) – A district court judge has asked Credit Suisse Group AG to pay $287.5 million in damages to an affiliate of Highland Capital Management, as part of a long drawn breach of contract case.
Global concerns may shrink Wall Street’s third-quarter estimates
NEW YORK (Reuters) – Slowing growth in emerging markets and currency fluctuations in anticipation of a U.S. interest rate hike may push third-quarter revenue and earnings estimates lower this month.
Wall Street caps off tough week with a steep loss
(Reuters) – U.S. stock indexes dropped more than 1 percent on Friday after a mixed August jobs report did little to quell investor uncertainty about whether the Federal Reserve will increase interest rates this month.
Fiat Chrysler U.S. to recall 7,810 SUVs to prevent hacking
(Reuters) – Fiat Chrysler Automobiles NV’s U.S. arm said on Friday it would recall 7,810 sport utility vehicles in the United States to update software for radios to prevent hacking.
SEC’s Gallagher says will leave his post by October 2
WASHINGTON (Reuters) – U.S. Securities and Exchange Commission Republican member Daniel Gallagher announced on Friday that he will not stay on at the agency past Oct. 2.
U.S. labor market shows some muscle despite slower job growth
WASHINGTON (Reuters) – U.S. job growth slowed in August, but the unemployment rate dropped to a near 7-1/2-year low and wages accelerated, keeping alive prospects of a Federal Reserve interest rate hike later this month.
Geneva wealth managers pay defrauded investors to settle Madoff case
GENEVA (Reuters) – Five former Geneva wealth managers have paid “substantial compensation” to settle criminal complaints brought by clients whose assets they had invested with U.S. fraudster Bernard Madoff, the Geneva prosecutor’s office said on Friday…
Muddled jobs report leaves Fed in a ‘jam’ watching markets
NEW YORK/RICHMOND, Va. (Reuters) – The latest U.S. jobs report was not definitively good or bad enough to help the Federal Reserve decide whether to raise interest rates later this month, leaving the decision hanging on volatility in financial markets …
Boeing sticks with 747 production plans despite sales drought
NEW YORK (Reuters) – Boeing Co said on Friday it is sticking to current production plans for its 747 jumbo jet despite a canceled order that left no net new orders for the plane in 20 months.
G20 promises transparency on rate moves as global economy disappoints
ANKARA (Reuters) – World financial leaders will agree to calibrate and communicate monetary policy carefully to avoid triggering capital flight, but will not call an expected U.S. rate rise a risk to growth, a draft communique showed on Friday.
