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Transcripts of Clinton’s Wall Street talks released in new Wikileaks dump
The documents showed comments by Clinton during question-and-answer sessions with Goldman Sachs Chief Executive Lloyd Blankfein and Tim O'Neill, the bank's head of investment management, at three separate events in 2013 in Arizona, New York and South Carolina. Some excerpts of Clinton's speeches had already been released. Read the original: Transcripts of Clinton’s Wall Street... [Read more]
Twitter charts solo path as Salesforce rules out takeover
Twitter and Chief Executive Officer Jack Dorsey may now have to chart an independent course in the face of stagnant user growth, heavy losses and mounting competition from the likes of Facebook's Instagram and Snap Inc's Snapchat. Dorsey is likely to face intense scrutiny over his continued role as CEO of both Twitter and the payment company Square , especially if the company's next... [Read more]
Fed’s Yellen says ‘high-pressure’ policy may be only way back from crisis
The Federal Reserve may need to run a “high-pressure economy” to reverse damage from the 2008-2009 crisis that depressed output, sidelined workers, and risks becoming a permanent scar, Fed Chair Janet Yellen said on Friday in a broad review of where the recovery may still fall short. Prices on longer dated U.S. Treasuries More: Fed’s Yellen says ‘high-pressure’ policy... [Read more]
U.S. targets corporate tax-reduction strategy with new regulation
The Obama administration, in its latest bid to prevent American companies from minimizing U.S. taxes by rebasing abroad, issued final rules on Thursday to combat a key tax-reduction technique known as earnings stripping. Six months after proposing the regulations, the U.S. Treasury made good on its pledge to move swiftly against corporate tax inversions by rolling out the new final rule, despite opposition... [Read more]
Exclusive: Hershey CEO Bilbrey prepares to step down – sources
(Reuters) – The chief executive of Hershey Co , the chocolate company that Oreo cookie-maker Mondelez International Inc tried to acquire earlier this year, is preparing to step down by next summer, people familiar with the matter told Reuters on Thursday. The rest is here: Exclusive: Hershey CEO Bilbrey prepares to step down – sources Read More →
Fiat Chrysler, Cummins spar over costs of diesel emission recall
By David Shepardson WASHINGTON (Reuters) – Fiat Chrysler Automobiles NV and engine manufacturer Cummins Inc are fighting over the $200 million estimated cost for a recall of 130,000 Ram pickup trucks equipped with Cummins diesel engines that could exceed U.S. pollution limits. The U.S. Environmental Protection Agency and California Air Resources Board have demanded a recall of 2013 through 2015... [Read more]
Fed’s Fischer says job gains solid, expects growth to pick up
Job gains in the United States remain solid and growth should pick up in the second half of the year, Fed Vice Chair Stanley Fischer said on Sunday in remarks that indicate the central bank remains on track for a December rate increase. The United States is “close to full employment,” Fischer said in remarks prepared for delivery to the Group of 30, a panel of current and former central... [Read more]
Finance leaders issue fresh warnings amid Deutsche worries, pound rout
World finance leaders issued fresh warnings about economic stability risks on Friday amid worries about a massive U.S. fine for Deutsche Bank destabilizing Germany's largest bank, a sharp fall in the British pound and weak global growth. Jeroen Dijsselbloem, the chairman of euro zone finance ministers, said that the U.S. Department of Justice's demand that Deutsche Bank pay $14 billion for... [Read more]
Bank Hapoalim warns on profits due to U.S. tax probe
Bank Hapoalim , Israel's largest bank, said on Thursday it would make a further provision estimated at $70 million for settling a U.S. tax evasion investigation which could have “a significant impact” on its third-quarter results. The… View original here: Bank Hapoalim warns on profits due to U.S. tax probe Read More →
Oil prices fall on high production despite planned OPEC output cut
Oil prices fell away from $50 per barrel on Monday despite an agreement last week by exporters to cut output, with traders doubting the step was enough to rein in production that has exceeded consumption for the better part of three years. Brent crude futures were trading down 25 cents, or 0.5 percent, at $49.94 per barrel at 0205 GMT. U.S. West Texas Intermediate (WTI) futures were down 26 cents,... [Read more]