Dow, S&P end at records; Apple, Google drag on Nasdaq
NEW YORK, (Reuters) – The Dow and the S&P 500 finished at record highs again on Monday after a closely watched read on U.S. manufacturing was revised to show more strength than initially indicated.
U.S. says 77,000 banks, firms sign up to fight tax evasion
WASHINGTON (Reuters) – About 77,000 foreign and U.S. banks and financial institutions, including some in Russia, have registered with the United States to comply with a new law meant to fight tax dodging by Americans, the U.S. Treasury Department said …
Exclusive: Fed hires official to oversee AIG, Prudential
WASHINGTON (Reuters) – The U.S. Federal Reserve has hired a former state insurance commissioner to help it oversee non-bank financial firms that a council of regulators identified for tougher scrutiny last year.
GM finalizes number of vehicles in air bag recall of large trucks
DETROIT (Reuters) – General Motors Co on Monday finalized the number of newer-model large pickup trucks and sport utility vehicles it is recalling because the air bags may not deploy, lowering the number of affected vehicles.
Credit Suisse says U.S. case has limited business impact
BERNE (Reuters) – Credit Suisse has lost a limited amount of business as a result of pleading guilty to charges that it helped wealthy Americans to evade taxes, the head of its private bank said on Monday.
Fidelity Contrafund cuts Yahoo stake by 41 percent this year
BOSTON (Reuters) – Fidelity Investments Contrafund, the largest mutual fund investor in Yahoo Inc, cut its stake in the Internet media company by 41 percent during the first four months of 2014, according to the fund’s latest disclosure.
Exclusive: Abe’s Japan reform plan draft leaves tough questions unanswered
TOKYO (Reuters) – A draft plan to boost Japanese growth promises to overhaul corporate governance, promote technology and attract private investment, but it leaves many of the toughest questions unanswered as the country seeks to claw its way out of a …
France wary of politicizing U.S. probe into BNP Paribas
PARIS (Reuters) – France is wary of speaking out about a U.S. criminal probe into BNP Paribas, putting bilateral ties ahead of a threatened $10 billion-plus fine for its biggest listed bank, lawmakers indicated on Monday.
Deutsche Bank performance boost hinges on cost-cut plans
FRANKFURT (Reuters) – Deutsche Bank AG’s pitch to investors on the merits of its planned 8 billion euros ($11 billion) share issue comes with an ambitious cost-savings vow, vital if it is to boost key performance measures in line with rivals.
Malaysia Airlines seeks more cost-cutting to survive crisis
DOHA (Reuters) – Malaysia Airlines is stepping up efforts to cut costs to survive, following the mysterious disappearance of its flight MH370 which has resulted in the biggest crisis in its 40-year history, a senior executive said on Monday.
