U.S. to chart new territory in Gulf airline subsidy review
WASHINGTON (Reuters) – The Obama administration said Wednesday that it is in the early stages of studying claims that Gulf airlines have received market-distorting subsidies, a review involving uncharted territory for the U.S. government.
U.S. trade groups seen leading lawsuits against new Internet rules
WASHINGTON/NEW YORK (Reuters) – Trade associations representing large U.S. Internet service providers are expected to take the lead in suing the Federal Communications Commission over its new web traffic regulations, according to several people familia…
Salus Capital complaint urges cap on credit bid for RadioShack
SAN FRANCISCO (Reuters) – Salus Capital LLC filed an adversary complaint on Wednesday in RadioShack Corp’s Chapter 11 bankruptcy that seeks to hold credit bidding in the electronic retailer’s upcoming auction to $111 million.
Target to lift minimum wage to $9 an hour, matching rivals
(Reuters) – Target Corp next month will raise the minimum wage for all of its workers to $9 an hour, matching moves made by rivals including Wal-Mart Stores Inc and TJX Cos , a source familiar with the matter said.
Citigroup will not appeal U.S. court ruling blocking Argentine bond payments
BUENOS AIRES/NEW YORK (Reuters) – Citigroup Inc will not appeal a U.S. judge’s ruling that it cannot process an Argentine sovereign debt payment if he helps the bank exit its custody business in the default-hit country as swiftly as possible, its lawye…
Fed opens door wider for rate hike but downgrades economic outlook
WASHINGTON (Reuters) – The Federal Reserve on Wednesday moved a step closer to hiking rates for the first time since 2006, but downgraded its economic growth and inflation projections, signaling it is in no rush to push borrowing costs to more normal l…
Dollar down, bonds elated as Fed takes dovish tone
SYDNEY (Reuters) – The dollar nursed punishing losses in Asia on Thursday after investors priced in a later start and a slower pace for future U.S rate rises, slashing Treasury yields and firing up Wall Street stocks.
Lufthansa pilots extend strike, hundreds of flights canceled
BERLIN (Reuters) – Lufthansa pilots on Wednesday announced a third consecutive day of strikes this week, forcing hundreds of flight cancellations and ramping up pressure on management in a long-running row over early retirement benefits.
Citigroup CEO Corbat earned 10 percent less in 2014
(Reuters) – Citigroup Inc cut its chief executive Michael Corbat’s annual compensation by 10.3 percent in 2014, citing high legal expenses and the company’s failure to win regulatory approval for its capital plan in last year’s stress tests.
Bank of America must allow shareholder vote on breakup: SEC letter
WASHINGTON (Reuters) – Bank of America must allow shareholders to vote on a proposal that calls for the company to consider spinning off its investment banking business, after U.S. regulators told the bank it cannot exclude the proposal from its corpor…
