Restaurant chain Jimmy John’s reports data breach at 216 stores
(Reuters) – Sandwich restaurant chain Jimmy John’s said there was a potential security breach involving customers’ credit and debit card data at 216 of its stores and franchised locations on July 30.
Fed should be ‘exceptionally patient’ on rates: Evans
WASHINGTON (Reuters) – The Federal Reserve should be “exceptionally patient” in removing its monetary policy stimulus, a top Fed official said on Wednesday, even if doing so means allowing inflation to modestly overshoot the U.S. central bank’s 2 perce…
RBS’s Citizens Financial makes a tepid market debut
(Reuters) – Shares of Citizens Financial Group Inc , the U.S. unit of Royal Bank of Scotland Group Plc , rose as much as 8 percent in their market debut, valuing the lender at about $13 billion in the biggest U.S. bank IPO since the financial crisis.
Air France withdraws low-cost Europe airline plan
PARIS (Reuters) – Air France-KLM offered on Wednesday to withdraw plans to expand the low-cost operations of its Transavia brand in an effort to end a costly strike by French pilots opposed to the project.
China considering replacing central bank head: WSJ
(Reuters) – Chinese central bank Governor Zhou Xiaochuan, an advocate of pro-market financial reforms, may lose his job in a reshuffling that follows internal battles over overhauling the economy, the Wall Street Journal reported on Wednesday.
Fed’s Mester wants policy guidance to be more data-based
CLEVELAND (Reuters) – Cleveland Federal Reserve President Loretta Mester said she thinks the Fed should overhaul how it communicates its policy guidance, perhaps tying statements about monetary policy to forecasts about economic performance.
Ex-investor relations exec pleads guilty in NY to insider trading
NEW YORK (Reuters) – A former executive at a New York investor relations firm, whose barefoot dash from news photographers last month caught the attention of Comedy Central’s The Daily Show, pleaded guilty on Wednesday to insider trading.
U.S. new home sales at six-year high, but outlook challenging
WASHINGTON (Reuters) – Sales of new U.S. single-family homes surged in August to their highest level in more than six years, a sign the housing recovery remains on course.
CalPERS says HP/Autonomy shareholder settlement needs more work
SAN FRANCISCO (Reuters) – The California Public Employees’ Retirement System has asked a U.S. judge to reject a proposed settlement between Hewlett-Packard Co and shareholders over the computer maker’s botched acquisition of Autonomy Plc.
Ex-AIG CEO Benmosche downplays Buffett challenge: Bloomberg TV
(Reuters) – Warren Buffett’s Berkshire Hathaway Inc isn’t AIG’s biggest competitor and AIG handles all its rivals in a very effective way, former AIG Chief Executive Robert Benmosche told Bloomberg TV.
