Brazilian engineering executives charged in Petrobras scandal
CURITIBA, Brazil (Reuters) – Brazilian prosecutors on Thursday formally charged executives of six of the country’s largest engineering firms with forming a cartel to funnel kickbacks from state-run oil company Petrobras to the ruling political party an…
U.S. authorities face new fallout from insider trading ruling
NEW YORK/WASHINGTON (Reuters) – U.S. prosecutors, already smarting from a appeals court ruling that weakens their ability to crack down on future insider trading, on Thursday faced widening fallout from the decision as some existing cases threatened to…
Newedge metal, energy traders leave as SocGen cuts headcount
NEW YORK (Reuters) – Societe Generale’s senior base metals trader, Mike Turek, and Natasha Flora, an energy trader, left the bank in New York on Thursday, as part of a wider retrenchment following the French bank’s takeover of Newedge, two sources told…
Fiat Chrysler says no plan to move Ferrari’s tax base outside Italy
MILAN (Reuters) – Fiat Chrysler Automobiles (FCA) has denied a media report saying it was considering a move in the tax residence of its Ferrari luxury sportscar unit outside Italy.
Oil steadies on U.S. economic data; U.S. crude near $60 support
NEW YORK (Reuters) – Oil prices stabilized near five-year lows on Thursday as robust U.S. consumer spending data boosted investor optimism about the world’s largest economy, while traders warned that a bottom for crude remained elusive after a six-mont…
Wall Street jumps more than 1 percent on data after three-day slump
NEW YORK (Reuters) – U.S. stocks bounced back on Thursday, with all three major indexes surging more than 1 percent, as data pointed to a strengthening U.S. economy and boosted optimism about holiday spending.
Ford reboots touch-screen system with new Sync 3
DETROIT (Reuters) – Ford Motor Co hopes to get a fresh start and erase bad memories for some owners when it launches the new version of its in-car, interactive touch-screen system next fall.
Merrill raises broker bonuses for new accounts and assets
NEW YORK (Reuters) – Merrill Lynch told its 14,000 brokers on Wednesday they will get higher bonus payments in 2015 for attracting new clients and assets but eliminated pay for servicing clients with less than $250,000.
Airbus management seek to halt share price slide
BERLIN/PARIS (Reuters) – Airbus sought to reassure investors on Thursday by promising profit growth beyond 2017 and healthy dividends after its shares continued a slide begun on Wednesday when it warned of flat 2016 earnings.
Solid U.S. retail sales point to firming economic recovery
WASHINGTON (Reuters) – Jack Reed can see the recovery taking hold at his family’s 109-year-old clothing store in Tupelo, Mississippi, with sales buoyed in part by the paychecks tied to a Toyota plant up the road and rising confidence that the jobs are …
