Miami’s mortgage discrimination suits against Citi, Wells dismissed
(Reuters) – A federal judge has dismissed mortgage discrimination lawsuits filed by the City of Miami against Citigroup Inc and Wells Fargo & Co, following the dismissal of a similar lawsuit against Bank of America Corp earlier this week.
France says won EU backing on takeovers law, EU says will monitor
PARIS (Reuters) – France has won EU backing for a decree allowing the government to block foreign takeovers of French companies in strategic industries, its economy minister said on Thursday, but the European Commission cautioned it would monitor the l…
Lessor SMBC nears potential $10 billion Airbus order: sources
LONDON (Reuters) – Irish leasing company SMBC Aviation Capital is in advanced talks to buy around 100 Airbus aircraft, setting the stage for what could be one of the largest order announcements at next week’s Farnborough Airshow, two people familiar wi…
U.S. banks to lose profit cushion of releasing bad-loan reserves
NEW YORK (Reuters) – A popular way for big U.S. banks to boost profits may have run its course.
Microsoft CEO signals change, defers talk on job cuts
(Reuters) – Microsoft Corp MSFT.O Chief Executive Satya Nadella deferred any comment on widely expected job cuts at the software company on Thursday, after circulating a memo to employees promising to “flatten the organization and develop leaner busine…
Exclusive: Commerzbank may pay $600 million-$800 million to settle U.S. probe – sources
NEW YORK (Reuters) – Germany’s second-biggest bank Commerzbank AG is expected to pay $600 million to $800 million to resolve investigations into its dealings with Iran and other countries under U.S. sanctions, sources familiar with the matter said.
Skechers sues Fila over Go Walk shoes patent infringement
(Reuters) – Sports shoe maker Skechers USA Inc said it filed a lawsuit against Fila U.S.A. Inc, claiming Fila Amazen Memory Moc shoes infringed patents related to its Go Walk line.
Fidelity to cut nearly 500 printing and mailing jobs
BOSTON (Reuters) – Fidelity Investments, the No. 2 U.S. mutual fund company, told employees this week it will cut about 460 jobs, or 1 percent of its workforce, at its printing and mailing operations in Kentucky and Texas.
Drop in U.S. jobless claims points to healing in labor market
WASHINGTON (Reuters) – The number of Americans filing new claims for unemployment benefits fell last week to one of its lowest levels since before the 2007-09 recession, a sign of increasing health in the labor market.
ECB keeps banks on tight leash for health check results: sources
FRANKFURT/LONDON (Reuters) – The European Central Bank wants to give banks just 48 hours to review the results of a balance sheet health check so it can guard against data leaks even though the banks would like more time.
