Big U.S. banks must boost capital by $68 billion under new rules
WASHINGTON (Reuters) – The eight biggest U.S. banks must boost capital levels by a total of about $68 billion under new rules, U.S. regulators said on Tuesday, prompting industry complaints that less-stringent global standards will give overseas compet…
U.S. judge questions SAC Capital plea pact ahead of sentencing
NEW YORK (Reuters) – A U.S. judge on Tuesday raised a series of questions about a proposed $1.2 billion insider trading accord with billionaire Steven Cohen’s investment firm, formerly known as SAC Capital Advisors, in advance of its sentencing on Thur…
U.S. stock market may have stumbled, but signals still say ‘go’
(Reuters) – The last six weeks have been rough for investors who jumped into 2013’s big stock market winners like Netflix and Facebook, only to see their share prices crater.
Debt settlement firm pleads guilty in first CFPB referral
NEW YORK (Reuters) – A debt settlement company and its operator on Tuesday pleaded guilty in New York to conspiracy charges of mail and wire fraud, capping the first criminal case referred to U.S. prosecutors by the Consumer Financial Protection Bureau…
Comcast defends Time Warner Cable deal as U.S. review kicks off
WASHINGTON/NEW YORK (Reuters) – Comcast Corp sought to rebut critics of its planned $45.2 billion takeover of Time Warner Cable Inc, arguing that newcomers like Google Inc and Apple Inc would ensure competition in both Internet and video markets.
Fed’s Evans warns of risk of withdrawing stimulus too quickly
WASHINGTON (Reuters) – There is a real risk that the Federal Reserve could close the tap for monetary stimulus too quickly, a top official at the U.S. central bank said on Tuesday.
Exclusive: GM planning lower-priced version of 2016 Chevy Volt – sources
DETROIT (Reuters) – Hoping to boost demand for its slow-selling Volt hybrid, Chevrolet is planning to sell two versions of the redesigned 2016 Volt, including a lower-priced model with a smaller battery pack and shorter driving range, supplier sources …
Funds boost China wagers as defaults signal reforms push
HONG KONG (Reuters) – China’s first-ever domestic bond defaults, a weakening currency and slowing growth are not normal buy signals, but money managers see them as a sign that the country’s reform drive is genuine and that stocks offer long-term value….
As Vietnam stretches rubber output, risk of price war grows
SINGAPORE/HANOI (Reuters) – After years of massive expansion, tearing up forests and swallowing land in neighboring countries to create rubber plantations, Vietnam is reaping what it sowed: a swelling of output that has made it the third-largest rubber…
Helicopter operator CHC Group eyes U.S. Gulf skies
(Reuters) – Newly listed CHC Group Ltd , which provides helicopter services to offshore oil and gas sites, intends to enter the Gulf of Mexico as drillers venture further into deep and ultra-deep waters, its chief executive told Reuters.
