Macy’s cuts ties with Trump, New York City reviews contracts
(Reuters) – Macy’s Inc said on Wednesday it would end its business relationship with Donald Trump, and New York City said it was reviewing its contracts with the billionaire developer and U.S. presidential hopeful because of his comments insulting Mexi…
Deloitte to pay $1 mln to resolve SEC auditor independence rule charges
WASHINGTON (Reuters) – Deloitte & Touche LLP will pay more than $1 million to settle charges that it violated auditor independence rules, after its consulting arm maintained a relationship with a trustee who served on boards for funds Deloitte audited, U.S. regulators said.
U.S. probing whether airlines collude to keep airfares high
WASHINGTON/NEW YORK (Reuters) – The U.S. Department of Justice said on Wednesday it is investigating whether U.S. airlines worked together illegally to keep airfares high by signaling plans to limit flights.
Boeing raises jetliner list prices by 2.9 percent
SEATTLE (Reuters) – Boeing Co raised list prices for its jetliners by 2.9 percent on Wednesday, citing a range of costs that go into making the planes.
IMF’s Lagarde says Greece must reform before debt relief
WASHINGTON (Reuters) – One day after Greece became the first developed economy to default on a loan with the International Monetary Fund, the head of the international lender on Wednesday suggested Greece should move to reform its economy before its Eu…
Former U.S. agent pleads guilty to bitcoin theft in Silk Road probe
SAN FRANCISCO (Reuters) – A former federal agent pleaded guilty on Wednesday to stealing bitcoins during the government’s investigation of Silk Road, and to secretly soliciting payment from the operator of the online black market for information on its…
Wall St. ends higher but energy stocks fall and Greece hopes waver
(Reuters) – U.S. stocks closed higher on Wednesday but were down from earlier highs as energy stocks declined and Greece’s debt crisis showed no clear signs of resolution.
U.S. sues to stop Electrolux acquiring GE’s appliance business
WASHINGTON (Reuters) – The United States filed a lawsuit on Wednesday to stop Sweden’s Electrolux AB , which owns the Frigidaire, Kenmore and Tappan brands, from buying General Electric Co’s appliance business, the Justice Department said in a statemen…
Greece’s Tsipras digs in against bailout
ATHENS/BRUSSELS (Reuters) – A defiant Prime Minister Alexis Tsipras urged Greeks on Wednesday to reject an international bailout deal, wrecking any prospect of repairing broken relations with European Union partners before a referendum on Sunday that m…
Bullish U.S. jobs, factory data brighten growth picture
WASHINGTON (Reuters) – U.S. private employers hired the most workers in six months in June and factory activity picked up, providing fresh evidence the economy was gathering solid momentum after contracting at the start of the year.
