JPMorgan’s Dimon upbeat about U.S. budget deal, economy
(Reuters) – JPMorgan Chase & Co CEO Jamie Dimon said on Wednesday he was thankful congressional leaders had reached a budget deal and was “less worried” about the impact of an eventual scaling back of the Federal Reserve’s market-friendly stimulus measures.
UK watchdog fines Lloyds record $46 million for pushing sales
LONDON (Reuters) – Britain’s financial watchdog imposed a record 28 million pound ($46 million) fine on Lloyds Banking Group for the way it encouraged staff to sell 2 billion pounds of products that customers did not need.
Eleven EU states to consider narrower transaction tax
LONDON (Reuters) – The 11 European Union countries that have pledged to tax financial transactions will consider narrowing the levy’s scope to shield pensions, government debt and markets that help to grease the economy, an EU document shows.
Intesa Sanpaolo rules out investment in Monte Paschi
MILAN (Reuters) – The head of Intesa Sanpaolo said on Wednesday Italy’s biggest retail bank was not planning to invest in troubled peer Banca Monte dei Paschi di Siena , which is set to carry out a 3 billion-euro capital increase next year.
Lululemon’s new CEO to get higher base salary than predecessor
TORONTO (Reuters) – Lululemon Athletica Inc’s incoming chief executive, Laurent Potdevin, will be paid a base salary of $900,000 as well as signing and retention bonuses, the upscale yogawear retailer said in a regulatory filing made public on Wednesda…
Rio targets debt reduction in 2014 as costs come down
LONDON (Reuters) – Global mining company Rio Tinto told investors it would prioritize cutting its debt burden in 2014 before returning cash to shareholders, pressing ahead with cost reductions that have already exceeded a $2 billion 2013 target.
Russians give rouble a symbol
MOSCOW (Reuters) – The Russian public have picked a first official symbol for the rouble, choosing a sign the central bank said would enhance the appeal of the once-tarnished currency on global markets.
More ECB action not ruled out but not needed for now: Coeure
LONDON (Reuters) – The European Central Bank has not ruled out further moves to help the euro zone but they are not needed for the moment, one of the bank’s top policymakers, Benoit Coeure, said on Wednesday.
Southwest Air to bid aggressively for Reagan National slots
(Reuters) – Southwest Airlines Co plans to bid aggressively for takeoff and landing rights at Reagan National Airport near Washington, as it looks to bring more competition to the nation’s capital, a senior company executive said.
UK minister tells Domino’s to pay higher wages to attract staff
LONDON (Reuters) – Domino’s Pizza , the country’s biggest pizza delivery firm, should pay better wages if it is struggling to fill job vacancies rather than seeking a relaxation of immigration rules, said a British government minister.
