U.S. regulators warn Wall Street to prepare for hurricane season
WASHINGTON (Reuters) – U.S. financial market regulators warned Wall Street on Friday to get its act together as the hurricane season approached by reviewing business continuity plans and other preparations for potential disruptions.
Chicago Stock Exchange to pay fine to settle SEC charges
WASHINGTON (Reuters) – The Chicago Stock Exchange will pay $300,000 to settle civil charges accusing the exchange operator of violating market rules designed to protect investors from having their trades executed at inferior prices, U.S. regulators sai…
U.S. consumer confidence dips; housing starts miss forecasts
WASHINGTON (Reuters) – U.S. consumer sentiment ebbed in August and residential construction rose less than expected last month, potentially dimming hopes of an acceleration in economic activity in the third quarter.
Merck says no safety issues found in Zilmax cattle product
(Reuters) – Merck & Co on Friday said it had not seen any safety or effectiveness issues with its Zilmax food additive product for cattle, beyond those observed in clinical trials before it was introduced in the United States in 2007.
German court puts Liberty Global between rock and hard place
FRANKFURT (Reuters) – Liberty Global could face costly concessions or an expensive unraveling of its $4 billion bet on Germany after a court ruling threw its 2012 takeover of KabelBW into doubt.
GM to recall 293,000 Cruze cars over brake assist defect
DETROIT (Reuters) – General Motors Co will recall 292,879 Chevrolet Cruze cars in the United States due to a defect that can cause loss of the brake assist function in models with the 1.4-liter turbocharged engine and six-speed automatic transmission.
AOL makes deep job cuts at local news group Patch
(Reuters) – AOL Inc said on Friday that it would cut a substantial number of jobs at its money-losing Patch local news site business, and a source close to the company said about half of the staff of 1,000 was being laid off.
Analysis: Wall Street clashes with regulators over repo market reforms
WASHINGTON/NEW YORK (Reuters) – Wall Street banks are arguing that a proposal from U.S. regulators intended to rein in risk taking could severely hurt the $7 trillion repurchase market, a critical source of short-term loans in the financial system.
Bank regulator gives ultimatum in Deutsche’s BHF sale: sources
FRANKFURT (Reuters) – German regulator Bafin has set an end of August deadline for investors to submit information needed to approve Deutsche Bank’s sale of BHF to a consortium headed by RHJ International (RHJI), two people familiar with the process sa…
AOL to cut jobs at its local news websites group Patch
(Reuters) – AOL Inc said it would cut a substantial number of jobs at its Patch local news site business, as it tries to return the unit to profitability.
