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Goldman seeks to force ex-employee in Fed leak case to arbitrate
Goldman Sachs Group Inc filed a lawsuit on Thursday seeking to force a former managing director to arbitrate his claim for legal fees stemming from probes into his alleged use of confidential … Read the rest here: Goldman seeks to force ex-employee in Fed leak case to arbitrate Read More →
Low-cost airlines bet on data to drive profit
Europe's two largest low-cost carriers, Ryanair and easyJet have both swallowed their pride in the past year and launched customer loyalty schemes and both have announced significant investments in data analytics. “This has transformed retail and it's going to transform airlines,” said Kenny Jacobs, a former Tesco executive spearheading Ryanair's digital drive Original post: Low-cost... [Read more]
SEC charges company for severance agreements that deter whistleblowing
WASHINGTON (Reuters) – U.S. securities regulators filed charges on Tuesday against a California-based company for preventing outgoing employees from reaping the benefits of government whistleblower awards. See original here: SEC charges company for severance agreements that deter whistleblowing Read More →
Tesla removes ‘autopilot’ from China website after Beijing crash
By Jake Spring and Alexandria Sage SHANGHAI/SAN FRANCISCO (Reuters) – Tesla removed the word “autopilot” and a Chinese term for “self-driving” from its China website after a driver in Beijing who crashed in “autopilot” mode complained that the car maker… More: Tesla removes ‘autopilot’ from China website after Beijing crash Read More →
RBS says main office would move if Scotland were independent: BBC
Royal Bank of Scotland would move its main office from Scotland if the nation were to split from the UK after Britain's vote to leave the European Union, although moving domicile would not mean major job losses, the head of RBS has said. “The Royal Bank of Scotland would just be… Here is the original: RBS says main office would move if Scotland were independent: BBC Read More →
Oil hits August high on potential producer action to prop up market
By Henning Gloystein SINGAPORE (Reuters) – Oil prices rose on Monday to fresh highs for the month of August, with the Brent benchmark gaining 11 percent since the start of the month, as speculation intensifies about potential producer action to support prices in an oversupplied market. Brent crude oil futures rose to a high for the month of $47.40 a barrel on Monday before dipping back to $47.30... [Read more]
Citigroup fails to halt AT&T use of ‘thanks’
By Jonathan Stempel NEW YORK (Reuters) – A judge on Thursday rejected Citigroup Inc's bid for a preliminary injunction to stop AT&T Inc from using the phrase “AT&T thanks” on a customer loyalty program, which the bank called too similar to its trademarked “thankyou.” U.S. District Judge Katherine Forrest in Manhattan said Citigroup has not shown that customers... [Read more]
Electronic Marlboro sucks Japanese smokers away from Japan Tobacco
By Ritsuko Shimizu TOKYO (Reuters) – Marlboro maker Philip Morris International says its e-cigarette has rapidly captured close to 3 percent of Japanese tobacco sales, making inroads into a market Japan Tobacco (JT) relies on for 40 percent of its profit. In what may be an early vindication of Philip Morris's e-cigarette strategy, the iQOS accounted for 2.2 percent of Japan's tobacco... [Read more]
Fed should raise interest rates this year, Williams says
The Federal Reserve should raise interest rates further this year, a top U.S. central banker said in an interview published on Thursday, reflecting improved labor market conditions and the likelihood that inflation is heading higher. “As the economy gets closer to its goals, we can again pull our foot off the… Go here to read the rest: Fed should raise interest rates this year, Williams... [Read more]
Wendy’s comparable sales miss as fewer diners eat out
Burger chain Wendy's Co reported lower-than-expected quarterly comparable sales on Wednesday as a fall in grocery prices encouraged more diners to eat at home, sending the company's shares down as much as 8 percent. Food prices have been on the decline in 2016, according to the U.S. Department of Agriculture. Poultry prices dropped 3.4 percent in June from a year earlier, while beef and... [Read more]