Lloyds CEO to call for British banks to accept new ring-fencing rules
LONDON (Reuters) – Lloyds Banking Group’s Chief Executive, Antonio Horta-Osorio, will on Thursday call for British banks to accept new rules designed to protect their domestic retail customers from riskier parts of their operations.
Wall Street ends higher in choppy post-Fed trading
(Reuters) – U.S. stocks ended slightly higher following a choppy session Wednesday after the Federal Reserve said the U.S. economy is likely strong enough to withstand an interest rate hike later this year.
AT&T faces potential $100 million U.S. fine over ‘throttling’ disclosures
WASHINGTON (Reuters) – The U.S. Federal Communications Commission on Wednesday proposed a $100 million fine for AT&T Inc , accusing the No. 2 wireless carrier of misleading customers who paid for unlimited data plans about possible slowing of download speeds.
GE’s Immelt: U.S. retreat from ExIm, trade will cost jobs, influence
WASHINGTON (Reuters) – General Electric Co Chairman Jeff Immelt warned on Wednesday that the company would move manufacturing jobs to Canada and Europe if the Export-Import Bank closes and that U.S. economic influence will wane if Congress blocks a maj…
Lockheed names partner for commercial sales of giant airships
PARIS (Reuters) – Lockheed Martin Corp on Tuesday named a private firm, Hybrid Enterprises LLC, as the exclusive sales agent for its Hybrid Airships, a new type of aircraft that company officials say could revolutionize the way oil and mining companies…
South Korean car makers score strongly in U.S. quality study
DETROIT (Reuters) – South Korean auto brands Hyundai Motor Co and Kia Motors Corp took top marks in a U.S. survey of new vehicle quality, besting Japanese rivals whose scores fell below the industry average for first time in 29 years.
Beyond basics: ‘More feminine’ styles key to reviving Gap brand
(Reuters) – The world didn’t end in 2012, but things haven’t been the same since then for Gap Inc’s flagship clothing chain.
Banks’ forex lawsuit settlements near $2 billion: WSJ
(Reuters) – The total amount paid by banks to settle a civil lawsuit related to allegations that traders manipulated the currency market has reached almost $2 billion following a recent round of settlement agreements, the Wall Street Journal reported.
U.S. tech firm Cisco to invest $10 billion in China expansion
BEIJING (Reuters) – Cisco plans to invest more than $10 billion in China along with local business partners over the next several years, the U.S. network equipment maker said on Wednesday, as it seeks to shore up its position against strong domestic ri…
Russia’s Superjet sees new, bigger plane by 2020
PARIS (Reuters) – Superjet International, an aircraft made by Russia’s Sukhoi Civil Aircraft Company and Finmeccanica unit Alenia Aermacchi, could be operating a new, stretched version of its SSJ100 regional jet by 2020, an executive told Reuters.
