Deutsche Bank to defend capital increase at annual meeting
FRANKFURT (Reuters) – Deutsche Bank will defend plans to raise 8 billion euros ($11 billion) in equity on Thursday when management stands before shareholders at an annual general meeting, less than a week after announcing the surprise plan.
Fed begins policy exit talks, split on view of U.S. job market
WASHINGTON (Reuters) – Federal Reserve policymakers last month began laying groundwork for an eventual retreat from easy monetary policy with a discussion of how to best control interest rates as they remove trillions of dollars from the financial syst…
Virgin America says it expects union drive will fail
SEATTLE (Reuters) – Virgin America on Wednesday called its flight attendants’ drive to join a union detrimental and said it expects the effort to fail like a similar vote two years ago.
Wall St. ends higher after Fed minutes; Dow’s best day in a month
NEW YORK (Reuters) – U.S. stocks rose on Wednesday, rebounding from the previous day’s broad selloff, after minutes of the Federal Reserve’s last meeting showed central bankers have discussed the eventual tightening of monetary policy but made no decis…
McDonald’s workers protest low wages, more than 100 arrested
(Reuters) – More than 100 demonstrators seeking better pay for McDonald’s workers were arrested on Wednesday as protesters swarmed the fast-food chain’s corporate campus near Chicago demanding a minimum wage of $15 an hour and the right to unionize.
Ditching clunkers, car imports drive Myanmar oil demand
SINGAPORE/YANGON (Reuters) – Myanmar businessman Lay has doubled the number of cars he owns to six in just three years, as reforms in Southeast Asia’s poorest country unleash a wave of consumer spending.
Exclusive: SEC probes Schwab, Merrill, for anti-money laundering violations – sources
NEW YORK (Reuters) – U.S. regulators are investigating Charles Schwab Corp and Bank of America Corp’s Merrill Lynch brokerage over whether they are doing enough to learn about their clients’ identities, sources said, the latest sign a crackdown on mone…
Exclusive: Reynolds American, Lorillard in advanced merger talks
NEW YORK (Reuters) – Reynolds American Inc is in active discussions to buy Lorillard Inc in a complicated, three-way transaction that could see British American Tobacco PLC take a major role to back a potential merger, according to people familiar with…
Discretion pays for Japanese brands in China amid territorial dispute
SHANGHAI (Reuters) – When a dispute over the East China Sea flared up between China and Japan two years ago, graduate student Wei Hanyu ditched her Shiseido Co Ltd beauty products in protest, joining scores of Chinese consumers in a boycott of Japanese…
Fiat Chrysler CEO says GM has made automakers more sensitive on safety
WASHINGTON (Reuters) – Fiat Chrysler Automobiles Chief Executive Sergio Marchionne said on Wednesday the fallout from General Motors’ delay in recalling millions of cars for faulty ignition switches has made automakers more sensitive about safety issue…
