JPMorgan in advanced talks to settle forex investigation
NEW YORK (Reuters) – JPMorgan Chase & Co said on Tuesday it is in “advanced stages” of settlement talks with the U.S. Department of Justice and Federal Reserve over previously disclosed investigations into its foreign exchange trading.
DoubleLine’s Gundlach sees no Fed rate increase in 2015
NEW YORK (Reuters) – Jeffrey Gundlach, chief executive of investment firm DoubleLine Capital, said on Tuesday he believes the U.S. Federal Reserve will probably not raise interest rates this year, in part because of a lack of wage inflation.
Less room at the inn: Hotels in U.S. raise rates as travel picks up
(Reuters) – Guests checking into a hotel run by one of the top chains in the United States can expect to pay 5 percent more this year than last as a brighter economy pushes occupancy to record highs.
News Corp quarterly revenue falls on currency, lower ad sales
(Reuters) – News Corp , owner of the Wall Street Journal and HarperCollins, reported a decline in quarterly revenue and profit due to foreign currency changes and a drop in ad sales at its newspapers.
Regulator mulls pay hikes for Fannie Mae and Freddie Mac CEOs
WASHINGTON (Reuters) – The regulator of mortgage finance firms Fannie Mae and Freddie Mac could allow them to raise the pay of their chief executives in order to keep and attract talent at the government-controlled entities, company officials said on T…
Food companies face questions on cost-cutting
NEW YORK (Reuters) – U.S. packaged food and beverage companies are facing pressure to look more closely at their costs in the wake of ketchup maker H.J. Heinz Co’s plans to merge with Kraft Foods Group Inc , analysts said on Tuesday.
Greece blows hot and cold in race to avert cash crunch
ATHENS/BRUSSELS (Reuters) – Greece blew hot and cold with its euro zone partners on Tuesday as it struggled to avert a potentially catastrophic funding crunch this month, when it must make a big debt repayment to the IMF as cash reserves dry up.
EU to probe big tech companies in digital market overhaul
BRUSSELS (Reuters) – The European Union will announce a wide-ranging probe on Wednesday into how big technology companies such as Google , Amazon and Facebook use their market power as it considers whether to regulate them more tightly.
Netflix asks FCC to reject AT&T-DirecTV merger unless changes made
WASHINGTON (Reuters) – Netflix Inc has urged the U.S. Federal Communications Commission to reject the pending $48 billion merger of AT&T Inc and DirecTV unless its concerns about the deal are addressed.
Disney revenue gets lift from theme parks, TV networks
(Reuters) – Walt Disney Co’s quarterly revenue beat analysts’ expectations, helped by increased spending by visitors at its theme parks and strength in the company’s TV networks business.
