Citi, Barclays close to settling forex lawsuit for $800 million: WSJ
(Reuters) – Citigroup Inc and Barclays Plc are close to settling as early as this week a lawsuit with private investors who say the banks manipulated foreign-exchange rates, the Wall Street Journal said.
German union calls for more public sector strikes as pay talks stall
BERLIN (Reuters) – German union leaders called on state workers in schools, hospitals and fire stations to stage more short warning strikes next week after a third round of wage talks ended on Tuesday without agreement.
Lufthansa cancels 750 flights due to pilots’ strike
FRANKFURT/BERLIN (Reuters) – Lufthansa has canceled 750 flights or about half the total due to a strike planned by pilots for Wednesday, affecting thousands of passengers in a long-running dispute over early retirement benefits and plans to expand budg…
Bad weather wallops U.S. housing starts, setback likely temporary
WASHINGTON (Reuters) – U.S. housing starts plunged to their lowest level in a year in February likely as harsh weather kept building crews at home, in the latest indication that the economy hit a soft patch in the first quarter.
U.S. influence challenged in global financial institutions -Lew
WASHINGTON (Reuters) – The Obama administration warned on Tuesday that rising powers were challenging U.S. leadership in global financial institutions, and urged Congress to approve a deal it says would help preserve U.S. influence.
Wall Street opens lower ahead of Fed meeting
(Reuters) – U.S. stocks pulled back on Tuesday from a rally in the previous session ahead of a Federal Reserve meeting that investors hope will bring insight on the timing of an interest rate hike.
Actavis says Allergan’s Pyott won’t join new company’s board
NEW YORK (Reuters) – Actavis Plc said on Tuesday that Allergan Inc’s top executive David Pyott will not join the combined company’s board of directors after all.
U.S. and Gulf airlines set to clash at aviation summit
WASHINGTON (Reuters) – Top executives of U.S. and Gulf airlines will take their dispute over whether “open skies” deals have led to unfair competition to a high-profile public forum in Washington on Tuesday as each side ramps up efforts to sway U.S. re…
Boeing eyes satellite deal with tech giant this year
WASHINGTON (Reuters) – Boeing Co on Monday said it could clinch a deal this year to build a high-throughput communications satellite for top technology companies such as Google Inc , Amazon.com Inc , Facebook Inc or Apple Inc .
Are the good times over for growth in U.S. shale gas?
(Reuters) – U.S. natural gas production could decline in 2016 for the first time in 10 years, driven by low oil prices after a decade of gangbusters growth from shale plays.
