Business group sees thousands of U.S. jobs from Pacific trade deal
WASHINGTON (Reuters) – The 12-nation Pacific trade pact would create nearly a quarter of a million U.S. jobs due to increased foreign investment in the United States, a business group estimated on Monday, in the first look at the deal’s employment impa…
GE in talks to sell lending, leasing portfolio to Wells Fargo: source
(Reuters) – General Electric Co is in early-stage talks with Wells Fargo & Co about selling its entire $74 billion U.S. commercial lending and leasing (CLL) portfolio to the bank, according to a source familiar with the situation.
Volcker calls for U.S. financial regulation shakeup
WASHINGTON (Reuters) – The U.S. financial regulatory system is outdated and riddled with loopholes, former Federal Reserve Chairman Paul Volcker said on Monday as he offered an overhaul plan to make watchdogs more effective.
As Petrobras scandal spreads, economic toll mounts for Brazil
ITABORAÍ, Brazil (Reuters) – For the 20 men hanging on at the Pousada do Trabalhador, a 600-bed boarding house on the dusty outskirts of this boom town northeast of Rio de Janeiro, the dream that Brazil’s oil wealth would bring a better life was over.
Li Ka-shing’s conglomerates move closer to complete restructuring
HONG KONG (Reuters) – Hutchison Whampoa Ltd , controlled by Asia’s richest man Li Ka-shing, and CK Hutchison Holdings Ltd said on Monday their shareholders have approved their reorganization proposal, bringing it a step closer to completion.
Chinese tourists’ luxury spending soars – Global Blue
PARIS (Reuters) – Chinese tourists spent a record amount on luxury goods last month, helped by shopping sprees in Europe as the weak euro made items cheaper than at home, VAT refund company Global Blue said.
Supreme Court rejects Rajat Gupta’s insider trading appeal
WASHINGTON (Reuters) – The U.S. Supreme Court on Monday left intact the 2012 insider trading conviction of former Goldman Sachs Group Inc director Rajat Gupta.
Nomad Holdings to buy UK frozen foods maker Iglo for $2.8 billion
(Reuters) – Nomad Holdings Ltd said it would buy Iglo Foods Holdings Ltd, Europe’s biggest frozen foods business and the company behind the Birds Eye brand, for about 2.6 billion euros ($2.8 billion) from a company backed by private equity group Permir…
Halliburton warns of weakness in North America, international operations
(Reuters) – Halliburton Co warned of pricing pressure for its oilfield services in North America, its largest market, and challenges in its international operations, as an extended slump in oil prices continues to force drillers to slash spending.
Fed’s Dudley hopeful on rate hike this year
NEW YORK (Reuters) – Economic performance will determine when the Federal Reserve finally raises U.S. interest rates from near zero, an influential Fed official said on Monday, adding he hopes to tighten policy later this year.
