JPMorgan consumer bank ahead of plan on job cuts, expenses: executive
(Reuters) – JPMorgan Chase & Co expects to complete its previously announced plan to eliminate 4,000 jobs from its consumer business by year-end, 12 months ahead of schedule, a bank executive said on Friday.
U.S. consumer sentiment unexpectedly falls in November
NEW YORK (Reuters) – U.S. consumer sentiment unexpectedly dipped in November to a near two-year low as lower-income households worried about their job prospects and financial outlooks and negative views of the government lingered, a survey released on …
Bank ruling could spur more Libor-linked mis-selling cases
LONDON (Reuters) – Barclays and Deutsche Bank failed on Friday to remove allegations of interest rate rigging from two lawsuits, opening the door for more bank clients to claim they were mis-sold products linked to Libor.
New Puma CEO seeks to return company to sporting roots
HERZOGENAURACH, Germany (Reuters) – Germany’s Puma will return to its sporting roots to restore growth to the struggling brand whose profits crashed 70 percent last year, the group’s new chief executive said.
U.S. consumer spending tepid as households boost savings
WASHINGTON (Reuters) – U.S. consumer spending increased modestly in September as households boosted their savings and inflation remained benign, pointing to sluggish domestic demand.
U.S. safety regulators open probe of VW SUVs for lighting issue
DETROIT (Reuters) – U.S. safety regulators have opened an investigation into an estimated 61,000 Volkswagen Tiguan sport utility vehicles in the United States after receiving complaints about the loss of exterior lighting.
China extends graft investigations to shipping industry
HONG KONG/SHANGHAI (Reuters) – China’s investigations aimed at rooting out corruption have now extended to the shipping industry, with China COSCO Holdings saying that one of its top executives is the subject of government inquiries.
India’s Infosys to pay $34 million in U.S. visa case
BANGALORE/WASHINGTON (Reuters) – Tech services giant Infosys Ltd agreed on Wednesday to pay $34 million to end a U.S. investigation related to the widespread practice by Indian firms of flying workers to client sites in the United States on temporary v…
Tata Motors posts first profit gain in a year on Jaguar Land Rover sales
(Reuters) – Tata Motors Ltd , India’s biggest automaker by revenue, beat analyst estimates with its first quarterly profit gain in a year as buoyant sales at luxury unit Jaguar Land Rover Ltd got a lift from new models.
JPMorgan “Whale” supervisor’s extradition hearing postponed
MADRID (Reuters) – A Spanish court postponed Friday’s hearing with an ex-JPMorgan Chase employee at the heart of the bank’s “London Whale” trading scandal, delaying proceedings over a U.S. extradition request because of a scheduling conflict.
