Venezuela’s currency woes an increasing threat to U.S. corporate profits
(Reuters) – Venezuela’s deepening economic troubles, and in particular the weakness of the bolivar and restrictive currency controls, have hurt U.S. corporate profits for the fourth quarter of 2014 and are set to inflict further pain this year.
Volkswagen to recall 80,000 Audis; 35,000 in China
BEIJING (Reuters) – German car maker Volkswagen AG will recall 80,000 cars from its luxury division Audi due to issues with the fuel injection system, Audi said on Saturday, adding that around 35,000 of the affected vehicles are from China.
U.S. seeks reversal of landmark insider trading ruling
NEW YORK (Reuters) – Federal prosecutors in New York on Friday asked a U.S. appeals court to reconsider a landmark ruling that curtailed their ability to pursue insider trading cases and jeopardized several convictions.
Exclusive: Big mortgage investors take first step toward suing Ocwen
NEW YORK (Reuters) – Major mortgage bond investors including BlackRock , MetLife and Pimco on Friday took a first step toward suing Ocwen Financial Corp , accusing it of having failed to properly collect payments on $82 billion of home loans, according…
Diaper wars: Kimberly to take on P&G through innovation, higher ad spend
(Reuters) – Kimberly-Clark Corp is set to increase advertising and promotional spending for its diapers and launch new products in an escalating war with bigger rival Procter and Gamble Co in North America.
U.S. to seek reversal of landmark insider trading ruling
NEW YORK (Reuters) – Federal prosecutors in New York plan on Friday to ask a U.S. appeals court to reconsider a landmark ruling that curtailed their ability to pursue insider trading cases and jeopardized several convictions.
Online data storage provider Box’s shares soar in debut
(Reuters) – Shares of online data storage provider Box Inc rose as much as 77 percent in their market debut as investors bet on the company’s ability to turn profitable in a highly competitive market, boding well for another big year for IPOs.
Eyes on Fed after ECB, other bank stimulus moves
NEW YORK (Reuters) – The Federal Reserve could be key for Wall Street next week as investors get to hear from the U.S. central bank for the first time since a series of moves by its global peers, including the European Central Bank’s massive stimulus p…
Former Apache CEO to collect $12 million cash for retirement
HOUSTON (Reuters) – Steve Farris, who retired on Tuesday as Apache Corp’s chief executive, stands to collect about $12 million in salary and bonus over the next three years as part of his retirement package.
Morgan Stanley awards CEO $4.4 million in restricted stock
(Reuters) – Morgan Stanley’s board of directors awarded Chairman and Chief Executive James Gorman $4.4 million in restricted stock as part of his 2014 bonus, the Wall Street bank said in a regulatory filing on Friday.
