BNY Mellon may face bribery charges over sovereign wealth funds: filing
(Reuters) – Bank of New York Mellon Corp has disclosed in a filing that U.S. regulators are considering charging it with violating U.S. foreign bribery laws after an investigation into internships it gave to relatives of sovereign wealth fund officials…
U.S. business spending weakens, but consumers upbeat
WASHINGTON (Reuters) – U.S. business investment spending fell for a fourth straight month in December, a sign that slowing global growth may be weighing on the economy, but consumers remained upbeat and new home sales in December hit their highest leve…
Amgen profit tops expectations on Enbrel sales, tax credit
(Reuters) – Amgen Inc on Tuesday reported higher-than-expected fourth-quarter profit, driven by strong sales of its blockbuster rheumatoid arthritis drug Enbrel and a tax credit.
Wall Street falls 1 percent on earnings; Apple rallies late
NEW YORK (Reuters) – U.S. stocks closed more than 1 percent lower on Tuesday as disappointing results from a number of bellwether companies pointed to weakening conditions, while an unexpected decline in durable goods orders also weighed on sentiment.
JPMorgan profited from soaring Swiss franc: Bloomberg
(Reuters) – JPMorgan Chase & Co’s currency traders made a profit of as much as $300 million when the Swiss central bank shocked markets by scrapping its cap on the franc this month, Bloomberg reported, citing two people with knowledge of the matter.
U.S. multinationals hit hard by strong dollar, to bleed further into 2015
NEW YORK (Reuters) – A slew of U.S. multinational companies from DuPont to Microsoft Corp showed that a strong U.S. dollar is hammering their earnings, with several blue chip exporters predicting the situation will get worse if the greenback holds its …
American Express plans to start operations in Cuba
(Reuters) – American Express Co said it would launch operations in Cuba following President Barack Obama’s decision this month to ease sanctions against the communist-ruled island.
No sales and profit growth for P&G in 2015 due to strong dollar
(Reuters) – Procter & Gamble Co , the world’s largest household products maker, said it no longer expects sales and core earnings growth this year, joining a host of companies in blaming a strong dollar for disappointing results and outlooks.
U.S. proposes allowing oil, gas drilling off Atlantic Coast
WASHINGTON (Reuters) – The Obama administration on Tuesday proposed allowing for the first time oil and gas exploration in a wide swath of U.S. waters off the Atlantic Coast.
Sony to cut 1,000 jobs in smartphone business: Nikkei
(Reuters) – Sony Corp plans to cut another 1,000 jobs in its smartphone division, mainly in Europe and China, the Nikkei business daily reported.
