U.S. Postal Service data breach may compromise staff, customer details
WASHINGTON (Reuters) – The U.S. Postal Service was the victim of a cyber attack that may have compromised the personal information of more than 800,000 employees, as well as data on customers who contacted its call center during the first eight months …
Six new death, injury claims approved by GM switch fund
NEW YORK (Reuters) – A program to compensate the victims of a faulty ignition switch in General Motors Co vehicles found last week that the part was linked to two additional deaths and four injuries, bringing the total number of eligible claims to 67, …
Porsche to sell out of priciest-ever model by December
BERLIN (Reuters) – Germany’s Porsche expects to sell out of its most expensive model ever by early December, bolstering earnings as the sports car maker grapples with rising capacity and technology costs.
SEC chief says undertaking comprehensive U.S. stock market review
NEW YORK (Reuters) – Regulators are undertaking a comprehensive data-driven review of the rules underpinning the U.S. equity markets, including the pricing and rebate system used by exchanges, the head of the Securities and Exchange Commission said on …
McDonald’s October sales fall not as steep as expected
(Reuters) – McDonald’s Corp’s restaurant sales fell less than expected in October, the company said on Monday, but worries linger as it searches for the right recipe to compete with popular chains selling fresh made-to-order food.
U.S. raises level of concern on Kuwait copyright laws
WASHINGTON (Reuters) – The United States on Monday moved Kuwait a notch higher in its list of countries to watch for potential breaches of U.S. patents, copyrights and other intellectual property (IP) rights.
Russian central bank abandons rouble trading band, floats rouble
MOSCOW (Reuters) – The Russian central bank said on Monday it had abandoned the rouble’s trading corridor, allowing the currency to float freely.
New bank rules proposed to end ‘too big to fail’
BASEL Switzerland/LONDON (Reuters) – Banks may have to scrap dividends and rein in bonuses if they breach new rules designed to ensure that creditors rather than taxpayers pick up the bill when big lenders collapse.
GoPro launches $800 million offering, CEO to sell some shares
(Reuters) – Wearable camera maker GoPro Inc announced a follow-on offering of $800 million of Class A shares, with its chief executive saying he plans to sell a portion of his holdings in the company.
Russians buy dollars, hoard cash on rouble fears
MOSCOW (Reuters) – Many Russians are buying dollars and hoarding cash, increasingly concerned by a slide in the rouble and wary of possible restrictions on bank withdrawals as President Vladimir Putin blames currency woes on speculators and the West.
