China’s loan sharks circle in murky shadow bank waters
BEIJING (Reuters) – China’s crackdown on risky lending has driven borrowers into an even darker place in their search for capital – underground banking.
Conoco beats expectations as bigger oil rivals struggle
HOUSTON (Reuters) – Oil producer ConocoPhillips outshone larger competitors on Thursday with a quarterly profit that beat expectations as it moved to overcome the problems of high costs and lack of fresh reserves that have nagged at Exxon Mobil Corp an…
Boeing to pay bonuses to aircraft workers for 2013 performance
NEW YORK (Reuters) – Boeing Co said on Thursday it would pay bonuses to engineers, machinists and other employees in response to the company’s strong 2013 performance.
UPS says no rerun of glitch-marred December: CFO
(Reuters) – United Parcel Service Inc has vowed to avoid a repeat of last year’s Christmas holiday season when unexpectedly high volume and huge delays frustrated customers who wanted their packages delivered on time.
EU bank reform must reflect French, German regulations: French finmin
PARIS (Reuters) – France wants to make sure that EU banking reform proposals reflect regulations already in place in France and Germany, Finance Minister Pierre Moscovici said on Thursday, voicing concerns that the current plans favor banks in London.
Activist Barington calls for split of Darden chairman, CEO roles
(Reuters) – Barington Capital Group called on Darden Restaurants Inc’s directors to split the chairman and chief executive roles as the activist investor lobbies for what it calls value-creating changes at the parent of Olive Garden and Red Lobster.
Exxon Mobil profit tumbles as energy production tapers
(Reuters) – Exxon Mobil Corp , the world’s largest publicly traded oil company by market value, posted lower-than-expected quarterly profit on Thursday as it failed to offset declining production but spent heavily to find fresh reserves.
Households, trade keep U.S. economy humming in fourth quarter
WASHINGTON (Reuters) – Strong household spending and robust exports kept the U.S. economy on solid ground in the fourth quarter, but stagnant wages could chip away some of the momentum in early 2014.
U.S. seeks $2.1 billion from Bank of America in fraud case
NEW YORK (Reuters) – The U.S. government has raised the amount it is seeking in penalties from Bank of America Corp to $2.1 billion after a jury found the bank was liable for fraud over defective mortgages sold by its Countrywide unit.
Analysis: Growth, investment at risk from emerging markets rate hikes
LONDON (Reuters) – A growth-crushing downward spiral looks imminent for emerging markets, threatening to turn back the tide of foreign investment that flooded into developing countries on the premise of fast economic expansion.
