Japan government to compile second part of growth strategy in June: media
TOKYO (Reuters) – Japan’s government will compile the second round of its growth strategy in June next year, which could focus on luring foreign companies to Japan and helping Japanese firms expand overseas, media reported.
UnitedHealth drops thousands of doctors from insurance plans: WSJ
(Reuters) – UnitedHealth Group dropped thousands of doctors from its networks in recent weeks, leaving many elderly patients unsure whether they need to switch plans to continue seeing their doctors, the Wall Street Journal reported on Friday.
JPMorgan Chase to pay $4.5 billion in mortgage security deal
NEW YORK (Reuters) – JPMorgan Chase & Co said on Friday it agreed to pay $4.5 billion to settle claims by investors who lost money on mortgage-backed securities before the collapse of the U.S. housing market.
Senate inches toward Fannie, Freddie reform but deal elusive
WASHINGTON (Reuters) – The leaders of the Senate Banking Committee appear unlikely to meet their goal of producing a bill by year-end that would wind down major mortgage finance companies Fannie Mae and Freddie Mac , given the shrinking timeline and th…
JPMorgan Chase agrees to pay $4.5 billion on mortgage security claims
NEW YORK (Reuters) – JPMorgan Chase & Co said on Friday it has agreed to pay $4.5 billion to settle claims by investors who lost money on mortgage-backed securities before the collapse of the U.S. housing market.
Exclusive – Union leader: Boeing eyes fast 777X output due to fears of Airbus jet
NEW YORK (Reuters) – Boeing wants to speed up production of its newest jetliner because of the success of a rival plane from Airbus and sought to nail down a Seattle labor deal to help advance that aim, the machinists union chief said in an exclusive R…
Caterpillar to close another mining equipment plant
CHICAGO (Reuters) – Caterpillar Inc said on Friday that it will close another plant and lay off 240 additional workers as it continues to respond to a sharp drop in demand for its earth-moving products from customers in the mining industry.
Ackman’s Pershing Square takes big stakes in Freddie, Fannie
(Reuters) – Activist investor Bill Ackman’s Pershing Square hedge fund has invested half a billion dollars to acquire stakes of nearly 10 percent each in Freddie Mac and Fannie Mae, the latest big investor this week to buy into the mortgage finance com…
Wall Street Week Ahead: As Fed taper debate goes on, retail vies for attention
NEW YORK (Reuters) – The guessing game about when the Federal Reserve will start to cut its stimulus will enter a new round next week as stock investors dissect minutes from the last central bank meeting, while retail sales and clues about the consumer…
Apple marketing executive says Samsung hurt iPhone, iPad demand
SAN JOSE, California (Reuters) – A top Apple Inc executive testified on Friday that Samsung Electronics Co Ltd undermined his company’s marketing efforts, reputation and business by selling devices that copied the iPhone and iPad.
