Airbus pushes for A330neo orders ahead of Farnborough Airshow
PARIS (Reuters) – Airbus is sprinting to line up preliminary orders for a revamped version of its A330 jet and is on stand-by to make an announcement as early as next week’s Farnborough Airshow, but no decision has been taken, people familiar with the …
Holder won’t meet with BofA CEO as mortgage talks stall: sources
NEW YORK/WASHINGTON (Reuters) – Attorney General Eric Holder has formally refused to meet with Bank of America Corp Chief Executive Brian Moynihan to hammer out a multibillion-dollar deal, as talks to resolve probes into shoddy mortgage securities sold…
State Street settles shareholder, employee lawsuits for $70 million
(Reuters) – State Street Corp has reached $70 million in settlements to end three lawsuits claiming it inflated its share price by overcharging clients on foreign exchange services and falsely representing that its investments in mortgage-backed securi…
Vatican restructures scandal-hit bank, vows transparency
VATICAN CITY (Reuters) – The Vatican on Wednesday said it would separate its bank’s investment business from its Church payments work to try to clean up after years of scandal, and vowed to become a “model of financial transparency”.
Wall Street rises after Fed minutes on ‘easy money’ exit
NEW YORK (Reuters) – Stocks finished higher on Wednesday, rebounding from a sharp two-day selloff, after minutes from the last Federal Reserve meeting showed policymakers have started to detail how the central bank will end its easy monetary policy.
Exclusive: ECB keeps banks on tight leash with October test results – sources
FRANKFURT (Reuters) – The European Central Bank aims to keep banks on a tight leash in the final phase of a balance sheet health check in October, giving them just 48 hours to review the test results before publishing them, two persons familiar with th…
Draghi urges euro zone states ‘to be sovereign together’
LONDON (Reuters) – European Central Bank President Mario Draghi urged euro zone states to respect their joint fiscal rules and extend their cooperation to economic reforms, telling governments they must “learn to govern together”.
Credit Suisse names vice chairman of healthcare group: memo
(Reuters) – Credit Suisse AG has named senior banker Tom Davidson vice chairman of its global healthcare group, according to a memo released to employees on Wednesday.
Foster Farms battles insurers over definition of ‘recall’
CHICAGO (Reuters) – Foster Farms and its London insurers are facing off over the definition of “product recall” as the poultry producer seeks payment of $14.2 million in claims arising from a government-mandated shutdown of one of its plants, court doc…
Barnes & Noble pledges nursing-friendly approach after complaint
NEW YORK (Reuters) – Bookstore chain Barnes & Noble Inc has pledged to make its stores friendly to nursing mothers as part of a settlement with New York State after a woman who was breastfeeding was asked to cover herself or leave one of its locations.
