American Express drops surcharge ban in settlement with merchants
NEW YORK (Reuters) – American Express Co has agreed to let merchants charge extra for transactions paid with the company’s credit and charge cards, in a legal settlement that its proponents said could change consumer spending habits.
Ex-broker pleads guilty to insider trading over 2009 IBM deal
NEW YORK (Reuters) – A former stock broker pleaded guilty on Thursday to charges stemming from a conspiracy to engage in insider trading ahead of a 2009 acquisition by IBM Corp .
Target cyber breach hits 40 million payment cards at holiday peak
BOSTON (Reuters) – Target Corp said hackers have stolen data from up to 40 million credit and debit cards of shoppers who visited its stores during the first three weeks of the holiday season in the second-largest such breach reported by a U.S. retaile…
Ex-Microsoft manager and friend charged with insider trading
SEATTLE (Reuters) – The U.S. Department of Justice and the Securities and Exchange Commission charged two Seattle men on Thursday with 35 counts of illegally trading on private Microsoft Corp information, which prosecutors said netted the pair more tha…
Nike profit rises and advance orders jump
(Reuters) – Nike Inc’s quarterly profit rose as higher margin products made up a bigger share of its sales, and the sportswear maker said global orders for merchandise for delivery by April increased 13 percent.
Analysis: Time Warner Cable’s missed chances begin slide to takeover buzz
(Reuters) – By some measures, it seems hard to find fault with how Time Warner Cable has been run since it was spun off from its parent company, Time Warner Inc , in 2009.
Wells Fargo sweetens brokers’ deferred pay, retirement incentives
NEW YORK (Reuters) – Wells Fargo Advisors outlined its 2014 compensation plan for retail brokers on Thursday, dramatically increasing the deferred compensation brokers can receive for meeting revenue goals, making more brokers eligible for expense acco…
Boeing close to 10-a-month goal for 787 production
NORTH CHARLESTON, South Carolina (Reuters) – Boeing Co is close to hitting its production target of building 10 of its high-tech 787 Dreamliner jets a month, a top Boeing executive said on Thursday.
U.S. regulators say banks have time to sell securities under Volcker
WASHINGTON (Reuters) – The U.S. Federal Reserve said on Thursday banks do not need to sell certain securities immediately under the Volcker rule, but instead have until July 2015 to decide if the investments comply with the new rules.
Miami sues big banks over discriminatory mortgage lending
MIAMI (Reuters) – Miami has sued Bank of America, Wells Fargo and Citibank in U.S. federal court in Florida, for discriminatory mortgage lending practices against minority residents that resulted in a rash of foreclosures, the city said on Thursday.
