U.S., Arkansas sue Exxon over Pegasus pipeline spill
WASHINGTON (Reuters) – The Justice Department filed a joint lawsuit with Arkansas on Thursday against oil producer Exxon Mobil Corp over the pipeline spill in March of thousands of barrels of heavy Canadian crude oil in a suburban neighborhood.
Analysis: This time, bond investors think a Fed pullback is real
That’s the judgment of U.S. government bond investors who believe the Federal Reserve is close to paring back its $2.5 trillion, 4-1/2-year bond purchase program, and it’s causing turmoil in the U.S. Treasury market.
JPMorgan makes another change in chief risk office
NEW YORK (Reuters) – John Hogan, who was named chief risk officer at JPMorgan Chase & Co last year just as its London Whale trades began racking up billions of dollars of losses, may leave the company, CEO Jamie Dimon said on Thursday.
Coty fails to charm investors in market debut
(Reuters) – Shares of perfume and beauty products seller Coty Inc fell more than 3 percent in their market debut on Thursday, taking the gloss off the third-largest U.S. IPO this year.
Monte Paschi seeks to double capital increase: sources
MILAN/ROME (Reuters) – Top management at Banca Monte dei Paschi di Siena is pressing to increase the ceiling on a possible rights issue to 2 billion euros ($2.66 billion) from 1 billion euros, two sources familiar with the situation told Reuters.
EU not trying to weaken U.S. financial services rules: aide
WASHINGTON (Reuters) – The European Union does not want to use negotiations with the United States on a free trade agreement to weaken recent U.S. financial regulatory reforms, an EU official said on Thursday, responding to concerns raised by U.S. poli…
Dollar slumps versus yen; Wall Street rises on data
NEW YORK (Reuters) – The U.S. dollar fell to a 10-week low against the yen on Thursday, extending a selloff on worries about an end to central bank stimulus, while Wall Street stocks moved higher on stronger-than-expected U.S. economic data.
Exclusive: Goldman offers top clients automated block trading
NEW YORK (Reuters) – Goldman Sachs Group Inc has quietly offered some top clients a tool that allows them to plug into its trading system and buy or sell large blocks of stock electronically.
SEC says Revlon misled shareholders in a Perelman deal
(Reuters) – The Securities and Exchange Commission charged Revlon Inc with misleading shareholders about a transaction with its controlling shareholder, billionaire Ronald Perelman, and the cosmetics company agreed to pay a fine of $850,000.
Gannett surges to five-year high on deal to expand TV reach
(Reuters) – Gannett Co Inc shares soared 27 percent to a five-year high after the largest U.S. newspaper chain struck a $1.5 billion deal for television company Belo Corp, dramatically increasing TV’s importance to Gannett’s results.
