U.S. can add Wells Fargo executive as mortgage fraud defendant
NEW YORK (Reuters) – The United States may add Wells Fargo & Co Vice President Kurt Lofrano as a defendant in its year-old lawsuit accusing the country’s largest mortgage lender of fraud, a Manhattan federal judge said.
Ford to hire 11,000 in U.S., Asia amid new model push
DETROIT (Reuters) – Ford Motor Co said on Thursday that it is adding more than 11,000 new jobs in the United States and Asia in 2014 as it rolls out 23 new vehicles, the biggest launch year in the company’s 110-year history.
Adobe’s Creative Cloud subscriber growth impresses investors
(Reuters) – Adobe Systems Inc, the maker of Photoshop and Acrobat software, forecast current-quarter results below analysts’ estimates but reported a 22 percent jump in the number of subscribers to its Creative Cloud suite from the preceding quarter.
Analysis: SEC plans to take more cases to trial despite losses
WASHINGTON (Reuters) – Securities and Exchange Commission Chair Mary Jo White says her team will not shy away from high-stakes trials, and not just strike settlements with wrongdoers, but a string of recent court setbacks shows she has her work cut out…
Lawsuit accuses IBM of hiding China risks amid NSA spy scandal
NEW YORK (Reuters) – IBM Corp has been sued by a shareholder who accused it of concealing how its ties to what became a major U.S. spying scandal reduced business in China and ultimately caused its market value to plunge more than $12 billion.
Aetna will not reinstate individual insurance plans: CEO
NEW YORK (Reuters) – Aetna Inc has decided not to reinstate or extend individual health insurance plans that are being canceled with the advent of the U.S. Affordable Care Act because the time frame is too short.
Volkswagen’s U.S. chief leaves company, Horn named replacement
DETROIT (Reuters) – Volkswagen AG’s U.S. Chief Executive Officer Jonathan Browning has left the company for personal reasons and is to be replaced by 51-year-old Michael Horn, the company announced from its Wolfsburg, Germany headquarters on Thursday.
Wall St. drops on taper anxiety; Facebook rallies
NEW YORK (Reuters) – Stocks fell on Thursday as retail sales rose solidly in November, adding to signs the economy is strong enough for the Federal Reserve to begin reducing the pace of monetary stimulus.
Mexican Congress passes radical shake-up of oil industry
MEXICO CITY (Reuters) – Mexico’s Congress on Thursday overwhelmingly voted to open up the country’s oil and gas sector to private investment in the biggest overhaul of the industry since it was nationalized in 1938.
Exclusive: Penney shrinks top name brands to emphasize own labels
PLANO, Texas (Reuters) – J.C. Penney Co Inc is looking to the past to build its future.
