World markets steady after Fed policy questions
LONDON (Reuters) – World markets steadied on Friday after a volatile run driven by speculation over shifts in U.S. monetary policy, with stocks up slightly, Bunds flat and the euro at a two-week low against the dollar.
Rough road ahead for GM as U.S. Congress plots safety probe
WASHINGTON (Reuters) – The U.S. congressional investigation into General Motors Co automobile defects will bring aggressive scrutiny to a company with powerful lobbying clout and strong ties on Capitol Hill.
All big U.S. banks but one pass Fed’s health test
WASHINGTON (Reuters) – U.S. big banks have enough capital buffers to withstand a drastic economic downturn, the Federal Reserve said on Thursday, announcing that 29 out of 30 major banks met the minimum hurdle in its annual health check.
U.S. sanctions hit Gunvor co-founder, prompting stake sale
GENEVA (Reuters) – The United States added Russian billionaire Gennady Timchenko to its sanctions list on Thursday, forcing him to sell his near 50 percent stake in the vast oil trading empire he co-founded in order to keep it running.
GM CEO Barra to testify before U.S. House committee on April 1
WASHINGTON (Reuters) – General Motors Co Chief Executive Mary Barra is scheduled to testify on April 1 to a U.S. House of Representatives panel investigating the company’s long-running problem with defective ignition switches that have been linked to 1…
E*Trade bids goodbye to its iconic baby
NEW YORK (Reuters) – Digital discount broker E*Trade Financial Corp on Thursday bid farewell to the precocious baby who starred in the television commercials advertising its trading platform for the last seven years.
Goldman Sachs wins pay dispute with former trader: filing
NEW YORK (Reuters) – Goldman Sachs Group Inc has won a pay dispute with a former employee known for his role in shorting the U.S. housing market in the run-up to the financial crisis, according to a arbitration ruling this week.
Megaupload’s Dotcom loses case to access extradition evidence
WELLINGTON (Reuters) – Internet entrepreneur Kim Dotcom on Friday suffered another blow to his fight against extradition to the United States to face online piracy charges after New Zealand’s highest court rejected his appeal to access evidence to be p…
Deutsche Bank fails to end four U.S. lawsuits over soured mortgages
NEW YORK (Reuters) – Deutsche Bank AG has failed to win the dismissal of four U.S. lawsuits seeking to force it to pay damages or buy back troubled home loans it had packaged into residential mortgage-backed securities prior to the 2008 financial crisi…
Spain’s Bankia tests turnaround at shareholder meeting
MADRID (Reuters) – Spain’s Bankia will seek on Friday to sell its recovery to some of its fiercest critics, the thousands of small investors who lost money in the country’s biggest-ever corporate bail-out.
