Lawsuit accuses Wells Fargo of biased lending in Chicago area
(Reuters) – Wells Fargo & Co was sued on Friday by Cook County, Illinois, which accused the largest U.S. mortgage lender of targeting black, Hispanic and female borrowers with predatory and discriminatory lending in the Chicago area.
Exclusive: Einhorn – raising new money as performance lags
BOSTON (Reuters) – Superstar investor David Einhorn is raising cash for the first time since 2012 following three straight years of lagging performance – and some customer redemptions from his $10 billion hedge fund, Greenlight Capital.
U.S. crude down 10 percent post-OPEC, Brent breaks below $70
NEW YORK (Reuters) – U.S. crude tumbled 10 percent in its biggest one-day drop in more than five years on Friday, and benchmark Brent broke below $70 a barrel, as OPEC’s decision not to cut output sent oil traders and analysts scurrying to find a new t…
Vodafone examining UK options, including a move for Liberty: sources
LONDON (Reuters) – Vodafone is reviewing potential acquisitions, including of Europe’s leading cable operator Liberty Global , to counter the pending consolidation among rivals in Britain, five people close to the matter said.
Exclusive: P&G exploring sale of $7 billion Wella hair care unit – sources
LONDON (Reuters) – Procter & Gamble Co is working with Goldman Sachs to explore the sale of its Wella hair care business that could be worth around $7 billion, sources familiar with the matter told Reuters, as the world’s largest consumer products company streamlines its business.
Wall St. up for sixth straight week despite oil rout
NEW YORK (Reuters) – U.S. stocks ended mostly flat in a holiday-shortened session on Friday as a massive decline in the energy sector offset strength in consumer names, but major indexes rose for a sixth straight week.
U.S. lodges new appeal at WTO in meat labelling dispute
GENEVA (Reuters) – The United States lodged an appeal on Friday to challenge a World Trade Organization ruling it said had failed to bring its meat labelling laws into line with global trade rules.
Billions wiped off energy shares as investors rush for exit
LONDON (Reuters) – A fresh slide in the price of crude wiped tens of billions of dollars off oil companies’ market value on Friday and signalled an end to the sector’s safe-haven status, as fears mounted over future profits and dividend payouts.
Inside OPEC room, Naimi declares price war on U.S. shale oil
VIENNA (Reuters) – Saudi Arabia’s oil minister told fellow OPEC members they must combat the U.S. shale oil boom, arguing against cutting crude output in order to depress prices and undermine the profitability of North American producers.
Speculators increase bets that Brent crude will fall to $65 in first quarter
LONDON (Reuters) – The main bet that oil speculators are making for the first few months of next year is that a barrel of Brent crude will fall to $65, according to options market data.
