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Wells Fargo complaints show flaws in federal whistleblower program

Former Wells Fargo & Co general manager Claudia Ponce de Leon filed a whistleblower complaint in December 2011 with federal labor regulators, alleging she was fired for telling superiors about employees opening unauthorized accounts. Nearly five years later…

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Wells Fargo complaints show flaws in federal whistleblower program

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 from business groups and…

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U.S. targets corporate tax-reduction strategy with new regulation

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.

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Exclusive: Hershey CEO Bilbrey prepares to step down – sources

Verizon says Yahoo hack ‘material,’ could affect deal

By David Shepardson WASHINGTON (Reuters) – Verizon Communications Inc said on Thursday it has a “reasonable basis” to believe Yahoo Inc's massive data breach of email accounts represents a material impact that could allow Verizon to withdraw from its $4.83 billion deal to buy the technology company. Verizon's general counsel Craig Silliman told reporters at a roundtable in Washington…

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Verizon says Yahoo hack ‘material,’ could affect deal

Samsung expects another $3 billion hit to profit from Note 7 failure

Samsung Electronics Co Ltd on Friday said it expects to take a hit to its operating profit of about $3 billion over the next two quarters due to the discontinuation of its fire-prone Galaxy Note 7 smartphone. The outlook brings to more than $5 billion the total losses the global smartphone leader has forecast as a result of the overheating issues, after it said on Wednesday it would suffer a $2.3 …

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Samsung expects another $3 billion hit to profit from Note 7 failure

BMW recalls 33,026 cars in Russia: watchdog

MOSCOW (Reuters) – Russian standards agency Rosstandart said on Wednesday it had been informed about a voluntary recall by German carmaker BMW of 33,026 cars of the X3 F25 and X4 F26 models.

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BMW recalls 33,026 cars in Russia: watchdog

Apple to set up R&D center in Shenzhen, bolster China ties

By Sijia Jiang HONG KONG (Reuters) – Apple Inc will set up a research and development center in China's manufacturing metropolis Shenzhen, the U.S. tech giant said on Wednesday, as the firm looks to spur growth in …

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Apple to set up R&D center in Shenzhen, bolster China ties

Fed can be ‘gentle’ in hiking rates, Dudley says

The Federal Reserve can be “gentle” in removing monetary stimulus since U.S. inflation remains low and the economic expansion could last five or more years, one of the most influential Fed policymakers said on Wednesday. “We&#…

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Fed can be ‘gentle’ in hiking rates, Dudley says

U.S., Canada to continue lumber trade talks as deadline passes

The top U.S. and Canadian trade negotiators said on Wednesday they would continue talks toward a new trade agreement on softwood lumber, despite the expiration of a “standstill” period prohibiting legal challenges over the long-standing dispute. U.S. producers complain that Canadian lumber is subsidized, and they have in the past launched trade challenges that resulted in the United …

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U.S., Canada to continue lumber trade talks as deadline passes

Energy ministers from OPEC and Russia hold informal talks in Istanbul

ISTANBUL (Reuters) – Energy ministers from Qatar, the United Arab Emirates, Algeria, Venezuela and Russia began informal closed-door talks with the secretary general of OPEC in Istanbul on Wednesday as they try to coordinate efforts to rebalance the oil market. OPEC officials are holding a flurry of meetings in coming weeks to nail down an agreement reached in Algiers last month on modest output cuts…

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Energy ministers from OPEC and Russia hold informal talks in Istanbul

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