Bank of America hires U.S. officials for financial crime team
(Reuters) – Bank of America has hired two U.S. government officials to join its financial crimes team, according to three people familiar with the matter, as banks are under increasing pressure to police their transactions for suspicious activity.
Honda in talks with other suppliers for Takata air bag fix: WSJ
DETROIT (Reuters) – Honda Motor Co is in talks with two air bag suppliers to help it stock replacement parts for defective Takata Corp air bags, the Wall Street Journal reported on Friday, citing people aware of the planning.
Wall St. ends at records on central bank action
NEW YORK (Reuters) – U.S. stocks closed higher on Friday, with major indexes notching a fifth straight weekly advance after China’s central bank cut its benchmark interest rate and its euro zone peer announced asset purchases in efforts to boost each r…
Apple $450 million e-book settlement gets final court approval
NEW YORK (Reuters) – A U.S. judge on Friday gave final approval to Apple Inc’s agreement to pay $450 million to resolve claims it harmed consumers by conspiring with five publishers to raise e-book prices.
Aviva in $8.8 billion deal to buy Friends Life after pensions shake-up
LONDON (Reuters) – British insurer Aviva said on Friday it had agreed terms on a possible deal to buy rival Friends Life for 5.6 billion pounds ($8.8 billion) as British pension reforms put pressure on insurance companies to find new business.
American Airlines unit to transfer 50 regional aircraft, cut jobs
(Reuters) – American Airlines Group Inc subsidiary Envoy Air plans to transfer at least 50 Embraer 145 aircraft to other regional carriers beginning in early 2015 in a move that will lead to job cuts, according to an internal letter reviewed by Reuters…
Canada sees Burger King/Tim Hortons decision before Christmas
VANCOUVER (Reuters) – The Canadian government will decide before Dec. 25 on whether to approve the takeover by U.S.-based Burger King Worldwide Inc of Canada’s iconic coffee-and-donut Tim Hortons Inc , Industry Minister James Moore said on Friday.
Draghi throws ECB door open to money printing as global prospects dim
FRANKFURT (Reuters) – European Central Bank President Mario Draghi threw the door wide open on Friday for more drastic measures to prevent the euro zone from sliding into deflation, promising to use whatever means necessary as China also acted to boost…
Walmart workers announce Black Friday protest locations
(Reuters) – A pressure group pushing for higher wages at Walmart stores said employees would stage protests at 1,600 U.S. stores on Black Friday, including 60 in Washington.
China cuts interest rates to spur growth, ease debt pressure
BEIJING (Reuters) – China cut interest rates unexpectedly on Friday, stepping up efforts to support the world’s second-biggest economy as it heads toward its slowest expansion in nearly a quarter of a century, saddled under a mountain of debt.
