Yellen cites ‘potential dangers’ in U.S. stock valuations
WASHINGTON (Reuters) – Federal Reserve Chair Janet Yellen on Wednesday said high equity valuations could pose potential dangers but that stability risks across the U.S. financial system remained in check.
Fox says U.S. cable customers like bundles, pay-TV strong
(Reuters) – Twenty-First Century Fox President Chase Carey said on Wednesday “a vast majority of customers want a bundle of channels” rather than to cherry pick networks, an option cable providers are increasingly offering in the face of declining subs…
Bank of America’s new policy to limit credit exposure to coal
WASHINGTON (Reuters) – Bank of America announced Wednesday it will reduce its financial exposure to coal companies, acknowledging the risk that future regulation and competition from natural gas pose on the industry.
McDonald’s Southern California restaurants testing kale
LOS ANGELES (Reuters) – McDonald’s Corp , which is testing a variety of new food products as part of its turnaround effort, on Wednesday said nine southern California restaurants are trying out breakfast bowls made with what is becoming a state dietary…
Morgan Stanley renews U.S. oil storage deal ahead of trading unit sale
NEW YORK (Reuters) – Morgan Stanley’s commodities group has renewed a refined product storage deal with TransMontaigne Partners L.P. seven months early, as the Wall Street bank plans to sell its physical oil business.
Life insurer MetLife profit beats estimates on investment gains
(Reuters) – MetLife Inc , the largest U.S. life insurer, reported a better-than-expected quarterly profit due to gains from investments and derivatives.
Yellen cites lofty share values; little evidence investors should care
(Reuters) – Investors wary of Federal Reserve chairs warning about overvalued stock markets need not fret: Such remarks tend not to have a lasting effect.
Bank of America shareholders back board despite criticism
NEW YORK (Reuters) – Shareholders voted to back Bank of America Corp’s executive compensation, board nominations and opposition to shareholder proposals at the annual meeting on Wednesday, despite earlier complaints about bylaws being changed.
JPMorgan probed over role in French tax evasion case
PARIS (Reuters) – U.S. bank JPMorgan Chase has been placed under formal investigation in France as part of a probe into alleged tax evasion by senior managers at investment firm Wendel , a court official said on Wednesday.
MasterCard doubles card numbers in Middle East, Africa
DUBAI (Reuters) – MasterCard Inc has doubled the number of its cards to about 100 million in the Middle East and Africa in the past three years, where it has begun setting up partnerships with governments to provide access to its payments system.
