Draft U.S. deal for Swiss banks in tax row seeks ‘total cooperation’: paper
ZURICH (Reuters) – The U.S. Department of Justice (DOJ) is seeking “total cooperation” from Swiss banks in a draft agreement aimed at allowing the banks to make amends for aiding tax evasion by wealthy Americans, a Swiss newspaper reported on Saturday….
China’s central bank sees ‘very low’ risk of hard landing
WASHINGTON (Reuters) – The chance of a hard landing for China’s economy is very small in spite of worries about the country’s real-estate sector, the chief economist of the People’s Bank of China said on Saturday.
Fed’s Tarullo: global downside risks are policy factor
WASHINGTON (Reuters) – Downside risks to the global economy are a factor the Federal Reserve will have to consider even as the U.S. economy recovers from the 2007-2009 financial crisis, Fed Governor Daniel Tarullo said on Saturday.
Pimco’s Mather says bond investors must revise return expectations
BERLIN (Reuters) – Bond investors need to revise their expectations of the returns they can make in the years ahead, said Scott Mather, one of three Pimco managers who run the firm’s Total Return Fund following the shock exit of co-founder Bill Gross l…
FedEx workers at New Jersey facility reject union representation
(Reuters) – Workers at a New Jersey facility of package delivery company FedEx Corp unit FedEx Freight voted against union membership on Friday, the latest in a series of setbacks for the Teamsters union’s efforts to unionize the company’s workforce.
Investors gird for scarier days in markets
NEW YORK (Reuters) – Volatility has suddenly returned to U.S. stocks, and for the first time all year it doesn’t appear that the weakness in equities will go away quietly in the span of a few days.
Sears says Kmart stores hit by data breach
(Reuters) – Sears Holdings Corp said it was the victim of a cyberattack that likely resulted in the theft of some customer payment cards at its Kmart stores, the latest in a series of computer security breaches to hit U.S. companies and dealing a fresh…
Sears says Kmart stores hit by data breach
(Reuters) – Retailer Sears Holdings Corp said the payment data systems at its Kmart stores had been compromised, the latest in a series of computer security breaches to hit U.S. companies in recent months.
U.S. and UK to test big bank collapse in joint model run
WASHINGTON (Reuters) – Regulators from the United States and the United Kingdom will get together in a war room next week to see if they can cope with any possible fall-out when the next big bank topples over, the two countries said on Friday.
GE unit in talks to buy Milestone Aviation: WSJ
(Reuters) – General Electric Co’s finance arm is in talks to buy Milestone Aviation Group Ltd, as the U.S. conglomerate looks to expand its aircraft-leasing operation into helicopters, The Wall Street Journal reported, citing people familiar with the m…
