Wall Street cash bonuses highest since 2008 crash: report
NEW YORK (Reuters) – The average bonus on Wall Street jumped 15 percent last year to the highest level since the 2008 financial crisis and was the third largest on record, New York State’s budget watchdog said on Wednesday.
UAW slams decision giving anti-union workers voice in VW dispute
(Reuters) – The United Auto Workers on Wednesday sharply criticized and vowed to appeal a U.S. agency’s decision to let anti-UAW Volkswagen workers defend the results of an election that the union lost last month at a Tennessee VW plant.
SEC proposes new rules to safeguard clearing agencies
WASHINGTON (Reuters) – U.S. regulators proposed long-awaited rules on Wednesday designed to safeguard the country’s largest clearing agencies from collapsing and spreading systemic market risks.
Exclusive: Bouygues board meets to approve improved SFR bid- sources
LONDON/PARIS (Reuters) – The board of Bouygues was meeting on Wednesday afternoon to approve an increase in its bid for Vivendi’s SFR in an attempt to gain the upper hand against a rival buyer, said two people familiar with the matter.
Fed’s Powell sees risks of removing accommodation too slowly or quickly
WASHINGTON (Reuters) – Federal Reserve Governor Jerome Powell said the U.S. central bank faces a “careful balancing” act in trying to remove its monetary policy accommodation at the right pace.
American Air avoids taxes with ‘sham’ office: Illinois lawsuit
(Reuters) – An Illinois mass transit agency has sued American Airlines Group Inc , accusing the world’s largest carrier of operating a “sham” fuel sales office in a smaller town to avoid paying higher taxes in Chicago.
Tokyo lawsuit raised red flags on Mt. Gox funding, compliance
TOKYO (Reuters) – Two months before Mt. Gox filed for bankruptcy it was sued by a customer seeking the return of funds in a case that highlights some of the red flags raised in the run-up to the collapse of what was once the world’s biggest bitcoin exc…
Pimco raises U.S. economic outlook, says China growth to slow
(Reuters) – Pimco, home to the world’s largest bond fund run by co-founder Bill Gross, upgraded its assessment on U.S. economic growth on Wednesday, saying it now expects expansion to run between 2.5 percent and 3 percent in 2014.
U.S. surprises with 5 million barrel from crude oil reserve sale
WASHINGTON (Reuters) – The U.S. Department of Energy will sell up to 5 million barrels of crude oil from the Strategic Petroleum Reserve, a move it said was to test the capabilities of the nation’s emergency stockpile in a rapidly changing oil market.
Alibaba’s Tsai says will ‘never’ change partnership structure for Hong Kong IPO
HONG KONG (Reuters) – Alibaba Group Holding will not change its partnership structure in order to list on the Hong Kong stock exchange, Executive Vice Chairman Joe Tsai told Reuters in an exclusive interview in Hong Kong on Wednesday.
