Exclusive: Ex-Lyft COO, now at Uber, says was in talks to replace Lyft CEO
SAN FRANCISCO (Reuters) – The former chief operating officer of Lyft had been in discussions to replace current Lyft Chief Executive Officer Logan Green as recently as August, the ex-COO said in a court filing obtained by Reuters on Friday.
SEC seeks to double $200 million damages award against businessman Wyly
NEW YORK (Reuters) – The U.S. Securities and Exchange Commission will ask a federal judge to more than double the money Texas businessman Sam Wyly must pay from $200 million to $455 million for his involvement in an offshore fraud scheme, a lawyer for …
AT&T to acquire Mexico’s Iusacell for $1.7 billion
WASHINGTON/MEXICO CITY (Reuters) – AT&T Inc agreed to pay $1.7 billion to acquire Mexico’s third-largest wireless operator, Iusacell, as it seeks to grab a slice of a market with lower cellular penetration than the United States and faster potential growth.
Berkshire third-quarter profit drops on investments, operating results gain
NEW YORK (Reuters) – Warren Buffett’s Berkshire Hathaway Inc on Friday said third-quarter profit fell 9 percent as it took a large writeoff on one of its investments, but operating results easily topped forecasts amid improvement in its insurance, ener…
UK prepares forex fines for six banks on Wednesday: sources
LONDON (Reuters) – British regulators investigating allegations of collusion and manipulation in the foreign exchange market could fine a group of six banks as early as next Wednesday, people familiar with the matter said.
Wall St. ends flat; healthcare off on new Obamacare challenge
NEW YORK (Reuters) – U.S. stocks closed little changed on Friday, pressured by renewed uncertainty in healthcare stocks and by Disney shares, even as October payrolls data pointed to a resilient economy in the face of sluggish global growth.
Most Wall Street firms still see Fed rate hike by June 2015: Reuters poll
NEW YORK (Reuters) – Wall Street’s biggest banks remain convinced the Federal Reserve will raise interest rates by June 2015, a Reuters poll found, and economists also said the market was underestimating how aggressively the U.S. central bank will tigh…
U.S. labor market tightens, but wages still anemic
WASHINGTON (Reuters) – U.S. job growth increased at a steady clip in October and the unemployment rate fell to a fresh six-year low, underscoring the economy’s resilience in the face of slowing global demand.
BofA, U.S. Bancorp settle first bond trustee class action
NEW YORK (Reuters) – Bank of America Corp and U.S. Bancorp have reached a $69 million settlement in a class action lawsuit over their roles as trustees for securities backed by risky mortgages from Washington Mutual Inc, which failed in 2008.
Sears says may sell stores to REIT in latest move to raise cash
(Reuters) – Sears Holdings Corp said Friday it may sell up to 300 stores to a real estate investment trust in a move that would spin off prized assets to shareholders and could accelerate a breakup of the retailer by billionaire Chief Executive Eddie L…
