Divided SEC adopts mortgage rule, decries lax lending
WASHINGTON (Reuters) – U.S. securities regulators adopted a rule on Wednesday designed to avert another financial crisis, but two officials dissented, saying it did not do enough to discourage banks from lending to borrowers with shaky credit and then …
U.S. inflation muted in September as energy costs drop
WASHINGTON (Reuters) – U.S. consumer prices rose marginally in September, painting a weak inflation picture that should give the Federal Reserve ample room to keep interest rates low for a while.
U.S. regulators expand number of vehicles affected by Takata recalls
DETROIT (Reuters) – U.S. safety regulators on Wednesday expanded the number of vehicles in the United States that may be affected by recalls for potentially defective Takata Corp air bags that could spray shrapnel at occupants.
Boeing profit jumps 18 percent, but cash is scarce
(Reuters) – Boeing Co reported an 18 percent increase in quarterly profit and raised its full-year core earnings forecast for the third time, reflecting booming commercial aircraft demand and increasing profitability in its defense business.
JPMorgan was alerted of hiring concerns in China before U.S. probe: WSJ
(Reuters) – JPMorgan Chase & Co executives in New York were aware of potential problems tied to its recruitment practices in China well before U.S. regulators launched a probe into the issue, the Wall Street Journal reported, citing sources and documents it reviewed.
UK’s Lloyds to cut 9,000 jobs over next three years: sources
LONDON (Reuters) – Lloyds Banking Group will next week announce plans to cut 9,000 jobs over the next three years, sources familiar with the matter told Reuters on Wednesday.
UK’s Lloyds to cut 9,000 jobs over next three years: sources
LONDON (Reuters) – Lloyds Banking Group will next week announce plans to cut 9,000 jobs over the next three years, sources familiar with the matter told Reuters on Wednesday.
U.S. regulators expand number of vehicles affected by Takata recalls
DETROIT (Reuters) – U.S. safety regulators on Wednesday expanded the number of vehicles in the United States that may be affected by recalls for potentially defective Takata Corp air bags that could spray shrapnel at occupants.
Total names refining boss to replace de Margerie
PARIS (Reuters) – French oil company Total has appointed refining boss Patrick Pouyanne as chief executive to succeed Christophe de Margerie who was killed in a plane crash in Moscow this week.
Dow Chemical to cut $1 billion in costs over three years
(Reuters) – Dow Chemical Co , the No. 1 U.S. chemical maker by sales, said it was looking to cut fixed costs by $1 billion over the next three years, building on reductions that have helped boost margins.
