Moynihan reshapes Bank of America for an era without big legal costs
NEW YORK (Reuters) – While Bank of America Corp Chairman and Chief Executive Brian Moynihan has been working to end legal problems, he has also been quietly retooling the bank for a post-crisis world.
Japan lawmakers say open to limits on casinos in push for bill’s passage
TOKYO (Reuters) – Japan’s pro-casino lawmakers have agreed to consider setting limits on Japanese nationals’ entry to casinos, bowing to pressure from opponents who threatened to block a legalization bill unless it addressed issues such as gambling add…
U.S. foreclosure activity falls to eight-year low
WASHINGTON (Reuters) – Foreclosure activity across the United States declined last month to the lowest level since July 2006, as banks reclaimed fewer homes, according to a report released on Thursday.
Wal-Mart CEO vows to end minimum wage pay in future
(Reuters) – Wal-Mart Stores Inc plans to improve opportunities for its employees so that in the future there will no longer be a few thousand workers on its payroll making minimum wage, the chief executive of the world’s top retailer said on Wednesday….
Central bankers may have no quick fix as markets swoon, economy weakens
WASHINGTON (Reuters) – Global central bankers, eager to see the economy stand on its own feet, faced the rude reality this week of market turmoil threatening already faltering growth and prolonging world reliance on easy money.
eBay, Wal-Mart warnings stir holiday sales concerns
SAN FRANCISCO (Reuters) – EBay Inc on Wednesday joined Wal-Mart Stores Inc in cutting its outlook for the all-important holiday season, suggesting that the fourth quarter may turn out to be weaker than some analysts predicted as recently as last week.
Exclusive: Boeing eyes possible Chinook helicopter sale to Brazil
WASHINGTON (Reuters) – The Brazilian Army has expressed interest in buying a handful of Boeing Co CH-47 Chinook helicopters, the company said on Wednesday, saying that it continued to view Brazil as an important partner for defense and commercial proje…
Netflix’s U.S. growth slows, shares plunge
(Reuters) – Netflix Inc signed up fewer video streaming subscribers than forecast for the quarter that ended in September as its U.S. growth slowed markedly, sending its shares plunging as much as 27 percent.
Wal-Mart says to slow store openings, invest more in ecommerce
(Reuters) – Wal-Mart Stores , the world’s largest retailer, said on Wednesday it would open fewer stores in the U.S. in the next fiscal year and ramp up spending on e-commerce.
Time Warner to launch HBO as streaming broadband service
NEW YORK (Reuters) – Time Warner Inc’s HBO will launch a standalone online streaming service next year to make hit shows such as “Game of Thrones” available to people who do not subscribe to cable television.
