For Fed stress tests, U.S. banks form a study group
NEW YORK (Reuters) – Executives at the biggest U.S. banks are sharing notes with each other before their next round of tests with federal regulators.
China advisers recommend 7 percent growth goal in 2015 as leaders meet
BEIJING (Reuters) – China’s leaders should cut next year’s economic growth target to 7 percent, according to influential advisers recommending the country’s leadership which was meeting on Tuesday to map out economic and reform plans for 2015.
Portland, Oregon, sues to stop Uber online car service
SEATTLE (Reuters) – Portland sued Uber on Monday to stop the fast-growing ride-hailing service from operating in the Oregon city until it follows local regulations.
S&P 500 posts worst day since October; energy shares sink
NEW YORK (Reuters) – The S&P 500 posted its biggest daily percentage drop since Oct. 22 on Monday as oil’s slump to a five-year low caused a selloff in energy shares.
Proposed U.S. bankruptcy rule changes spark debate from lenders
(Reuters) – Lenders are concerned their investments in broken companies would lose protections under proposed changes to U.S. bankruptcy rules.
Merck to take on superbugs with Cubist Pharma buy
(Reuters) – Merck & Co Inc said it would buy Cubist Pharmaceuticals Inc for $8.4 billion plus assumption of debt, giving the major drugmaker an entry into the market for drugs that combat so-called superbugs.
UAW gains important recognition at VW Tennessee plant
DETROIT (Reuters) – The United Auto Workers gained a partial and unconventional recognition from Volkswagen AG after proving to the company that it represents at least 45 percent of workers at the company’s plant in Chattanooga, Tennessee, a company sp…
Taiwan, China solar producers no threat to U.S., commission hears
WASHINGTON (Reuters) – Solar products from China and Taiwan do not compete with U.S.-made goods, foreign producers told the U.S. International Trade Commission on Monday, as they sought to avert import duties.
BMW directors to discuss senior personnel appointments: sources
FRANKFURT/MUNICH (Reuters) – BMW AG’s supervisory board will meet on Tuesday and discuss top-level appointments and strategy at the German carmaker, two sources told Reuters on Monday.
McDonald’s warns that weak sales will hit fourth-quarter profit
(Reuters) – McDonald’s Corp on Monday reported a steeper-than-expected drop in global sales at established restaurants for November, hurt by weakness in the United States and Asia, and warned that such declines would “significantly pressure” margins th…
