Goldman puts four on leave after fallout from trading glitch: report
(Reuters) – Goldman Sachs Group Inc put four senior technology specialists on administrative leave after a trading glitch that led to a flood of erroneous options trades, the Financial Times reported, citing people familiar with the situation.
Gasoline fuels comeback for China’s electric car maker BYD
SHANGHAI (Reuters) – BYD Co Ltd , the Warren Buffett-backed company best known for electric cars, is in the midst of a revival thanks to traditional gasoline-fueled vehicles.
Japan prices to keep rising in July, output rebound eyed
TOKYO (Reuters) – Japan’s core consumer inflation rate is forecast to have hit its highest in nearly five years in July and factory output is seen rebounding, a Reuters poll shows, suggesting that government and central bank efforts to end deflation ar…
Eyes online, milk powder firms count cost of China probes
SHANGHAI (Reuters) – Global milk powder firms are scrutinizing Chinese social media reports up to four times a day to gauge consumer reaction to a high-profile pricing probe and food safety scare that threaten their squeaky-clean image in the $14.5 bil…
Amgen seeks to bolster drug pipeline with $10.4 billion Onyx buy
(Reuters) – Amgen Inc struck a deal to buy cancer drug maker Onyx Pharmaceuticals Inc for about $10.4 billion on Sunday, as it moves to restock its product pipeline in response to declining sales of its flagship anemia drugs.
Global Economy: On a firmer footing awaiting the Fed
LONDON (Reuters) – More bricks in the global recovery wall are likely to slot into place in a week that could also yield more clues as to when the Federal Reserve will start unwinding its exceptional monetary stimulus.
Donald Trump investment school sued by NY attorney general
(Reuters) – New York state’s attorney general said on Sunday he has filed a $40 million lawsuit against Donald Trump and his for-profit investment school, accusing them of engaging in illegal business practices.
Emerging market slump highlights Fed’s global reach
JACKSON HOLE, Wyoming (Reuters) – The recent selloff in emerging markets is a classic case of being careful what you wish for.
Questions on Fed succession nag in background at Jackson Hole
JACKSON HOLE, Wyoming (Reuters) – Former U.S. Treasury Secretary Lawrence Summers never came near the Federal Reserve’s annual monetary policy symposium in Jackson Hole this weekend, but his name was often raised on the sidelines amid speculation over …
In bustling Houston, it’s a case of ‘Build, baby, build!’
HOUSTON/NEW YORK (Reuters) – With Texas one of the few bright spots in the U.S. economy, the skyline of swaggering Houston is where the action is as builders and global oil companies, from Phillips 66 to Exxon Mobil Corp, look past previous busts and s…
