MasterCard sees threat in Putin’s plans for Russian payment cards
(Reuters) – MasterCard Inc , the world’s second-biggest credit and debit card company, said Russian President Vladimir Putin’s plan to create a domestic card payment system would create “serious complications” for its operations in the country.
Regional U.S. banks ramp up corporate lending, alarming bigger rivals
(Reuters) – Regional banks including US Bancorp and PNC Financial Services Group Inc are making more business loans at rates that are starting to alarm bigger U.S. banks like JPMorgan Chase & Co , executives said.
U.S. manufacturing growth accelerates in April: ISM
NEW YORK (Reuters) – U.S. manufacturing growth accelerated for a third straight month in April, an industry report showed on Thursday, boosted by a pickup in employment growth.
Construction spending rises marginally in March
WASHINGTON (Reuters) – U.S. construction spending rose less than expected in March as outlays on public projects fell for a fifth consecutive month.
U.S. April factory activity growth slows slightly: Markit
NEW YORK (Reuters) – U.S. manufacturing activity slowed for a second straight month in April, though the rate of growth remained strong, an industry report showed on Thursday.
ExxonMobil profits pumped higher on natural gas price boost
(Reuters) – Exxon Mobil Corp, the world’s largest publicly traded oil company, posted a quarterly profit on Thursday that hands down beat Wall Street’s expectations as a bitterly cold winter throughout much of the United States boosted natural gas pric…
Yum names Greg Creed as next CEO
(Reuters) – Yum Brands Inc on Thursday said that Greg Creed will become the chief executive of the restaurant operator and join its board of directors on January 1, replacing David Novak, who has been CEO since 1999.
GM recalls 2013 Cadillac SRX on lagging acceleration issue
DETROIT (Reuters) – General Motors Co is recalling about 56,400 model year 2013 Cadillac SRX crossover vehicles because of possible delays in acceleration linked to a computer program that controls the transmission, U.S. regulators said on Thursday.
British regulator bans former UBS trader over Adoboli losses
LONDON (Reuters) – Britain’s financial regulator has banned a former senior UBS trader for failing to adequately supervise his junior colleague Kweku Adoboli, the “rogue trader” jailed in 2012 for running up $2.3 billion in unauthorized trading losses….
Consumer spending surges in March, boosts growth outlook
WASHINGTON (Reuters) – U.S. consumer spending recorded its largest increase in more than four and a half years in March, cementing views the economy ended a dismal first-quarter on solid footing.
