UK Dreamliner fire probe looks at several components
LONDON/WASHINGTON (Reuters) – British investigators said on Tuesday said they were looking at a number of components, including a transmitter made by U.S. firm Honeywell , as they searched for the source of a fire on a Boeing 787 Dreamliner in London l…
Government fines bedbug repellents maker for ad claims
WASHINGTON (Reuters) – A company that makes a cedar-based product it says repels bed bugs and head lice felt the sting of the U.S. government on Tuesday when it agreed to settle charges that its products have not been proven to work as promised.
Goldman Sachs profit doubles on investment gains, lower tax rate
(Reuters) – Goldman Sachs Group Inc said quarterly profit doubled, boosted by investment gains and a lower tax rate, but investors fretted that these factors will not be repeated in future periods, sending the bank’s shares lower on Tuesday.
Cyber attacks on stock exchanges put markets at risk: report
NEW YORK (Reuters) – Around half of the world’s securities exchanges were the target of cyber-attacks last year, according to a paper based on a survey of 46 exchanges released on Tuesday.
U.S. regulator upholds $453 million Barclays power trading fine
(Reuters) – The Federal Energy Regulatory Commission (FERC) ordered Barclays and four of its power traders to pay fines totaling $453 million on Tuesday, saying the bank manipulated California’s electricity markets last decade.
Lloyds was told of regulator’s Co-op concerns in 2011: sources
LONDON (Reuters) – Lloyds Banking Group was told in December 2011 that it was not clear the Co-operative Bank had a “feasible and sustainable capital plan” to buy more than 600 branches from Lloyds, regulatory and banking sources said.
S&P retreats after eight days of gains as Coca-Cola drags
NEW YORK (Reuters) – The S&P 500 snapped its eight-day winning streak on Tuesday after disappointing sales from Coca-Cola, while investors turned cautious on the day before the Federal Reserve chairman’s congressional testimony.
Bernanke must defend actions in AIG bailout case: Greenberg’s Starr
(Reuters) – Federal Reserve Chairman Ben Bernanke was the final authority on the “punitive” 2008 bailout of American International Group Inc and should testify about how and why it happened, a company run by the insurer’s former chief executive said.
Investors wary of rising mortgage rates despite strong builder confidence
(Reuters) – An odd thing happened after data released Tuesday showed that the homebuilder confidence index rose to its highest level in almost eight years – housing stocks barely moved on the news.
Investors wary of rising mortgage rates despite strong builder confidence
(Reuters) – An odd thing happened after data released Tuesday showed that the homebuilder confidence index rose to its highest level in almost eight years – housing stocks barely moved on the news.
