Oil falls as dollar up, Kuwait sees OPEC output steady
NEW YORK (Reuters) – Oil prices tumbled on Thursday as a rebounding dollar and Kuwait’s stance that OPEC had no choice but to keep producing in an oversupplied market undercut the previous day’s rally.
Top Wall St. firms now see Fed liftoff in September
New York (Reuters) – A majority of Wall Street’s top banks now see the Federal Reserve holding off until at least September before raising interest rates for the first time since 2006 after the U.S. central bank on Wednesday downgraded its assessment o…
EU tells Greece time, patience running out
BRUSSELS/BERLIN (Reuters) – Euro zone leaders told Greece on Thursday its leftist-led government must implement agreed reforms to avert a looming cash crunch that could force it out of the single currency.
Tesla to offer hands-free steering on Model S in three months
(Reuters) – Tesla Motors Inc will soon offer upgrades including hands-free steering on its Model S sedan, Chief Executive Officer Elon Musk said on Thursday, but the news did not help the electric carmaker’s volatile shares which fell more than 2 perce…
Branson says Virgin working on electric cars: Bloomberg TV
DETROIT (Reuters) – Billionaire entrepreneur Richard Branson’s Virgin Group may take on Tesla Motors Inc and other companies in developing electric cars, Bloomberg reported on Thursday.
U.S. judge dismisses lawsuit over $13 billion JPMorgan Chase settlement
WASHINGTON (Reuters) – A U.S. federal judge tossed out a lawsuit brought by non-profit group Better Markets that sought to block a $13 billion settlement JPMorgan Chase & Co reached with the U.S. Justice Department over shoddy mortgage loans sold to investors before the financial crisis.
Morgan Stanley shuffles wealth and securities executives -memo
NEW YORK (Reuters) – Morgan Stanley has moved three executives into new roles in wealth management and institutional securities as part of its effort to get those two businesses to produce more revenue by collaborating, according to an internal memo vi…
Scotiabank sues Cliffs Natural for breach of loan terms
(Reuters) – Canada’s Bank of Nova Scotia sued Cliffs Natural Resources Inc , saying the U.S. iron ore miner had breached terms of a loan agreement when it filed for creditor protection for its Canadian operations.
Target agrees to pay $10 million to settle lawsuit from data breach
WASHINGTON (Reuters) – Target Corp has agreed to pay $10 million in a proposed settlement of a class-action lawsuit related to a huge 2013 data breach that consumers say compromised their personal financial information, court documents show.
U.S. jobless claims up slightly; weather hurts factory activity
WASHINGTON (Reuters) – The number of Americans filing new claims for unemployment benefits rose marginally last week, indicating the labor market remained on solid footing despite slowing economic growth.
