Chinese trainmakers set to go head to head for California deal
SHANGHAI (Reuters) – China’s CSR Corp Ltd is keen to supply high-speed trains to California, a company official said, in a move that will pit the trainmaker against domestic rival China CNR Corp Ltd.
Exclusive: U.S. stock options markets agree to need for trading halts on big moves
NEW YORK (Reuters) – U.S. options market operators have agreed in recent months on the need for new automatic trading halts when stock options prices suddenly surge or plunge, in a bid to reduce excess volatility and blunt the impact of erroneous trade…
Buffett copycats risk a pounding as Berkshire portfolio suffers
NEW YORK (Reuters) – It’s not been a good time for Warren Buffett wannabes.
Bond funds stock up on Treasuries in prep for market shock
BOSTON (Reuters) – U.S. corporate bond funds this year are adding Treasuries to their holdings at more than twice the rate of corporate debt amid concern that the struggling European economy and potential changes in Federal Reserve policy will drag dow…
Online financing, rising costs squeeze profits at China’s midsize banks
SHANGHAI/HONG KONG (Reuters) – Squeezed between cut-throat competition from online financing firms and rising funding costs, China’s midsize banks are falling out of investors’ favor as they increasingly lag behind the country’s top five lenders.
AT&T revenue misses forecasts as more customers bring own phones
WASHINGTON (Reuters) – AT&T Inc on Wednesday reported a rise in quarterly revenue, but the increase was less than Wall Street expected as a wave of subscribers plugged into the network using pre-purchased devices.
Wall St. ends lower after shooting at Canadian parliament
NEW YORK (Reuters) – U.S. stocks erased earlier gains to close lower on Wednesday as a shooting at the Canadian parliament unnerved investors, Boeing and Biogen sold off following results, and energy stocks fell along with oil prices.
P&G shuffles management, focuses on streamlining co
CHICAGO (Reuters) – Procter & Gamble Co said on Wednesday that the head of its North American business, Melanie Healey, will retire next June, as the company puts together a new leadership team in an effort to revive sagging sales growth and gain market share.
U.S. Court hears arguments on sex discrimination at Goldman Sachs
NEW YORK (Reuters) – Goldman Sachs Group on Wednesday attacked expert evidence offered by attorneys for former female employees in a U.S. federal sex discrimination lawsuit, arguing there was no pattern of gender-based pay and promotion disparities at …
U.S. prosecutors probe Takata Corp over statements: WSJ
NEW YORK (Reuters) – U.S. federal prosecutors are trying to determine whether Japanese auto parts maker Takata Corp misled U.S. regulators about the number of defective air bags it sold to automakers, including Toyota Motor Corp and Honda Motor Co Ltd,…
