UK, trade groups tell US court ban against BP unfair
HOUSTON (Reuters) – The U.S. Environmental Protection Agency may have been too harsh when it banned BP Plc from lucrative federal contracts as punishment for its 2010 Macondo oil spill, the UK and prominent business groups said on Tuesday.
Chile central bank calls for more oversight in cross-holdings
SANTIAGO (Reuters) – Chile’s central bank said on Tuesday that better oversight is needed for companies that have both financial and non-financial operations, noting that worries over “one bank’s” financial situation had hit the bank’s securities and p…
SEC Chair White touts benefits of shareholder activism
WASHINGTON (Reuters) – Corporate boards and management should engage with shareholders to help improve governance, the top U.S. securities regulator said Tuesday, laying out what she sees as some positive outcomes from increased investor activism.
Supreme Court rules Texas billionaire owes tax shelter penalty
WASHINGTON (Reuters) – The U.S. Supreme Court on Tuesday unanimously ruled that Texas billionaire Billy Joe “Red” McCombs must pay steep penalties to the Internal Revenue Service related to more than $45 million he tried to shield from taxes.
BlackBerry says making headway with corporate, government clients
TORONTO (Reuters) – The number of large business and government clients that have installed or are testing BlackBerry Ltd’s mobile device management service has risen roughly 20 percent over the past six months, the embattled smartphone maker said on T…
Expiring jobless benefits to lower U.S. unemployment rate
WASHINGTON (Reuters) – The U.S. unemployment rate could fall substantially early next year as belt-tightening in Washington throws more than a million long-term unemployed Americans off the benefit rolls.
Rockwell Collins sees ‘pretty significant’ odds to supply new 777X
(Reuters) – Rockwell Collins Inc , which makes cockpit systems for airplanes, on Tuesday said it sees “pretty significant” opportunities to supply systems on Boeing’s newest commercial airliner, the 777X.
Global regulators expected to ease banking leverage rule: source
LONDON (Reuters) – Global banking regulators are expected to ease a new capital rule due in 2018 to rein in risky balance sheets after U.S. complaints, two regulatory and banking sources said on Tuesday.
Fed’s Lacker: banks’ bankruptcy plans will reduce risky funding
WASHINGTON (Reuters) – U.S. banks are likely to cut back on risky short-term funding if markets believe bankruptcy not bailouts await them, a top Federal Reserve is set to tell lawmakers on Tuesday.
Lawmaker Tyrie critical of JP Morgan fees on Co-op deal
LONDON (Reuters) – British lawmaker Andrew Tyrie called for a review of fees paid to advisers on M&A deals after it emerged JP Morgan had a financial incentive for the Co-operative Bank’s ill-fated 2009 takeover of Britannia to proceed.
