U.S. confirms duties on solar goods from China, Taiwan
WASHINGTON (Reuters) – The United States confirmed steep import duties on solar products from China and Taiwan on Tuesday in a decision which may inflame trade tensions between the two countries.
GE sees 2015 profit pressured by ‘sluggish’ oil business
NEW YORK (Reuters) – General Electric Co gave a 2015 profit forecast range on Tuesday that barely included Wall Street’s target as the U.S. conglomerate braced for a “sluggish” oil and gas sector due to plunging crude prices.
FCC eyes $105 million fine for Sprint over phone bill ‘cramming’
WASHINGTON (Reuters) – U.S. wireless carrier Sprint Corp is expected to face a $105 million fine from the Federal Communications Commission in coming weeks over unauthorized charges on customers’ cellphone bills, a practice known as cramming, according…
Brent ends below $60, U.S. crude settles up, then dips
NEW YORK (Reuters) – Brent crude futures fell for a fifth straight day on Tuesday to end below $60 a barrel while U.S. crude finished a volatile session slightly higher as trading of expiring options helped defend the price above $55.
American Apparel names new CEO, officially ousts founder
(Reuters) – American Apparel Inc has officially fired its founder and former Chief Executive Officer Dov Charney, months after it suspended him for misconduct, according to a news release Tuesday.
Russian ruble suffers steepest drop in 16 years
MOSCOW (Reuters) – The ruble plunged more than 11 percent against the dollar on Tuesday in its steepest intraday fall since the Russian financial crisis in 1998 as confidence in the central bank evaporated after an ineffectual rate hike.
Wall St. falls third session, led by tech, discretionaries
NEW YORK (Reuters) – U.S. stocks fell for a third day in a volatile session Tuesday, led by declines in consumer discretionary and technology shares, while another drop in the Russian rouble added to worries about the global economy.
Fannie Mae, Freddie Mac to lose market share to private capital: CBO
WASHINGTON (Reuters) – America’s government-controlled mortgage finance giants, Fannie Mae and Freddie Mac, will likely guarantee a shrinking share of new loans over the next decade, congressional analysts said on Tuesday.
Vanguard’s stockpickers outperform despite firm’s passive push
NEW YORK (Reuters) – Vanguard Group became the largest U.S. fund manager by assets by persuading investors that they don’t need to pay for a stock picker. Yet a funny thing happened along the way: Most of the 30 active stock funds the firm runs have ac…
Egypt’s unprofitable national airline hires U.S. firm for restructuring
CAIRO (Reuters) – Egypt’s national carrier said on Tuesday it had hired Texas-based airline advisory firm Sabre Airline Solutions to prepare a restructuring plan for the state-owned company, which has suffered about a billion dollars in losses since 20…
