McDonald’s relations with franchisees hit new low: survey
LOS ANGELES (Reuters) – McDonald’s Corp’s relations with its U.S. franchisees have hit a fresh low as the fast-food giant’s new chief executive fights to turn around its domestic business amid fierce competition, according to a survey released Wednesda…
London stakes its claim as global bitcoin hub
LONDON (Reuters) – London, center of the $5-trillion-a-day global currency market, now wants to be home to a controversial upstart – bitcoin.
VW struggle in ‘diplomacy phase’ as investors weigh CEO change
BERLIN/STUTTGART (Reuters) – Volkswagen’s first leadership crisis in a decade has burst into the open with Chairman Ferdinand Piech’s surprise public denunciation of CEO Martin Winterkorn — but the standoff is now more likely to play out behind closed…
UBS still needs to get rid of investment bank – activist investor
LONDON/ZURICH (Reuters) – Activist investor Knight Vinke said UBS needs to “radically” shrink and should look at spinning off or merging its investment bank, reviving its two-year criticism of the Swiss bank.
ECB promises ‘firm’ roll-out of money printing
FRANKFURT (Reuters) – The head of the European Central Bank pledged on Wednesday to roll out its money-printing program ‘firmly’ and granted continued backing for Greece, saying there was no need yet to limit emergency funding for its banks.
Fed’s Bullard repeats call to hike now, cites asset bubble risk
WASHINGTON (Reuters) – Falling unemployment and an improving U.S. economy are evidence that the Federal Reserve should start raising interest rates, a top Fed official said on Wednesday, citing risks of asset bubbles if the central bank keeps rates too…
Toyota ends expansion freeze with new plants in Mexico, China
TOKYO (Reuters) – Toyota Motor Corp said on Wednesday it will build new factories in Mexico and China, ending a self-imposed expansion freeze and putting more pressure on its global rivals.
Exclusive: Ernst & Young nears $10 million settlement with N.Y. over Lehman accounting – sources
NEW YORK (Reuters) – Ernst & Young LLP [ERNY.UL] is near settling a high-profile lawsuit filed by New York state that accused the accounting firm of helping Lehman Brothers Holdings Inc [LEHMB.UL] deceive investors in the years leading up to its 2008 collapse, people familiar with the matter told Reuters.
EBS sets sights on running central system for FX fix
LONDON (Reuters) – Currency trading platform EBS has been approached by major banks to provide a computerized system removing much of the human element behind a scandal over the manipulation of currency benchmarks by lenders, a senior EBS manager said….
Home builder sentiment rises to 2015 peak: NAHB
NEW YORK (Reuters) – Homebuilder sentiment reversed a three-month slide in April and rose to its best monthly showing of 2015, the National Association of Home Builders said on Wednesday.
