Exclusive: Malaysia’s Petronas exiting Venezuela crude project – sources
HOUSTON/CARACAS (Reuters) – Malaysian oil company Petronas is exiting one of the biggest petroleum projects in Venezuela’s Orinoco belt after disagreements with state-run PDVSA, sources close to the venture told Reuters.
Rain this week dims outlook for Bombardier CSeries’ first flight
TORONTO (Reuters) – Rain and cloudy weather is forecast for Bombardier Inc’s flight test site for much of this week, casting doubts over the date for the first flight of the Canadian company’s all-new CSeries jetliner.
Merrill hires advisers from Goldman, Morgan Stanley
NEW YORK (Reuters) – Merrill Lynch Wealth Management has begun the school year by hiring a multi-million dollar private banker in Denver from Goldman Sachs Group Inc and a two-person broker team in Miami that had been with Morgan Stanley for 13 years.
Chesapeake terminates 13,000 acres of drilling leases in New York
NEW YORK (Reuters) – Chesapeake Energy Corp has agreed to release more than 13,000 acres of land leased for oil and gas drilling in New York state as a ban on fracking extends into its sixth year, a statement from lawyers involved in the case confirmed…
Startup investors seek gay-couple equality from SEC
WASHINGTON (Reuters) – A group of startup investors and venture capitalists are asking U.S. Securities and Exchange Commission Chair Mary Jo White to ensure investment rights equality for gay couples.
U.S. judge tosses pregnancy bias lawsuit against Bloomberg LP
NEW YORK (Reuters) – A federal judge threw out a lawsuit accusing Bloomberg LP of discriminating against dozens of pregnant employees, saying the Equal Employment Opportunity Commission’s mishandling of the case effectively cost the plaintiffs their da…
JPMorgan expects loss from mortgage originations
(Reuters) – JPMorgan Chase & Co expects to see a loss from its mortage origination business in the second half of this year, according to a company presentation for investors on Monday.
JPMorgan names two new directors, changes board rules
(Reuters) – JPMorgan Chase & Co’s board, under fire for failing to prevent the $6 billion “London Whale” trading losses last year, on Monday named two new directors and gave more power to its lead independent director, but critics said the moves did not go far enough.
Spain’s Telefonica faces dilemma over strategic Italian holding
MADRID (Reuters) – Spanish telecoms group Telefonica has a big Italian headache.
U.S. derivatives watchdog issues high-speed trading report
WASHINGTON (Reuters) – The U.S. derivatives regulator published a long-awaited discussion paper on computerized trading, a first step to what could become new rules for a sector often blamed for market disruptions.
