Deutsche Bank reshuffles management board, names new CFO
FRANKFURT (Reuters) – Deutsche Bank will reshuffle top management by naming Marcus Schenck, former finance chief at energy group E.ON and Goldman Sachs banker, as chief financial officer and putting current CFO Stefan Krause in charge of operations and…
Fed awards $219 billion of term deposits
NEW YORK (Reuters) – The Federal Reserve awarded $219.114 billion of seven-day term deposits to banks, a record amount, at a test auction held on Monday, it said in a statement on Tuesday.
Exclusive: DOT looks at Delta’s actions on Atlanta-area airport
NEW YORK (Reuters) – The U.S. Department of Transportation said on Tuesday it is looking into a complaint that Delta Airlines Inc used “unfair and deceptive practices” to block development of a second major airport near Atlanta.
U.S. sues AT&T over alleged ‘data throttling’ on phone plans
WASHINGTON (Reuters) – The U.S. government sued AT&T Inc on Tuesday, alleging the No. 2 U.S. wireless carrier sold consumers unlimited data plans but would reduce their Internet speeds once they exceeded a certain amount of data.
Wall St. jumps 1 percent, S&P ends above key level
NEW YORK (Reuters) – U.S. stocks rose more than 1 percent on Tuesday, with the S&P 500 ending above its 50-day moving average for the first time in almost a month as strong earnings eased concerns about the outlook for corporate America.
Wall St. extends gains late; Russell 2000 above key level
NEW YORK (Reuters) – U.S. stocks extended gains in late trading on Tuesday, with major indexes up more than 1 percent each and the small-cap Russell 2000 index breaking above a key technical level.
Exclusive: Chanos takes profit on his top 2014 short sale – Brazil
NEW YORK (Reuters) – Hedge fund manager Jim Chanos, the prominent short-seller, said Tuesday he has lightened up on some of his bets against Brazil, saying most of the country’s downside risk is priced in after the sharp selloff over the past two month…
GT Advanced sought to avoid costly battle with Apple: filing
SAN FRANCISCO (Reuters) – GT Advanced Technology Inc , which struck an agreement with erstwhile partner Apple Inc last week that allowed it to proceed with its bankruptcy, said the iPhone maker had threatened to seek damages of more than $1 billion aga…
Fed revises risk management policy for clearing, settlement firms
WASHINGTON (Reuters) – The U.S. Federal Reserve said on Tuesday it has revised its policy which sets the risk management standards for the country’s largest clearing, payment and settlement firms.
IBM adds $5 billion to share buyback program
(Reuters) – IBM Corp said its board had approved a $5 billion share buyback in addition to the $1.4 billion remaining from its existing program.
