financial

Global downturn spurred Fed to consider changing rate path: minutes

By Jason Lange and Lindsay Dunsmuir WASHINGTON (Reuters) – Federal Reserve policymakers worried last month that a global slowdown and financial market selloff could hurt the U.S. economy and considered changing the central bank's planned interest rate hike path for 2016. Although most of the policymakers still expected to raise rates this year and even discussed a

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Global downturn spurred Fed to consider changing rate path: minutes

financial

U.S. agency rejects Boeing protest of Northrop bomber contract

A U.S. government agency on Tuesday rejected a protest filed by Boeing Co and Lockheed Martin Corp against a multibillion-dollar bomber contract awarded to Northrop Grumman Corp by the U.S. Air Force in October. The decision by the U.S. Government Accountability Office marked another setback for Boeing, which is facing job cuts in its commercial division and a reported federal investigation into whether it properly accounted for two jetliners, the 747 and 787. Ralph White, GAO's managing associate …

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U.S. agency rejects Boeing protest of Northrop bomber contract

financial

Oil loses nearly 4 percent as hopes over Saudi, Russia deal fade

Brent oil fell almost 4 percent on Tuesday, erasing early gains after top producers Russia and Saudi Arabia dashed expectations of an outright supply cut by agreeing only to freeze output …

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Oil loses nearly 4 percent as hopes over Saudi, Russia deal fade

financial

Fed’s Kashkari, in first speech, suggests radical Wall St. overhaul

By Lindsay Dunsmuir and Jason Lange WASHINGTON (Reuters) – The U.S. Federal Reserve's newest policymaker and a former point man for the government's bailout of the financial industry on Tuesday called on lawmakers to take radical action to rein in banks and protect taxpayers. In his first speech as head of…

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Fed’s Kashkari, in first speech, suggests radical Wall St. overhaul

financial

U.S. law saves billions on credit card fees, but risks remain: CFPB

Credit card holders have avoided more than $16 billion in fees over the last few years because of tighter regulation of the U.S. card market, but they are still vulnerable to…

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U.S. law saves billions on credit card fees, but risks remain: CFPB

financial

NY attorney general probing foreign exchange options market

By David Ingram and John McCrank (Reuters) – New York Attorney General Eric Schneiderman's office is investigating the posting of false bids and offers in the foreign exchange options market for emerging market currencies, a

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NY attorney general probing foreign exchange options market

financial

Pfizer to buy Allergan in $160 billion deal

By Ransdell Pierson and Bill Berkrot NEW YORK (Reuters) – Pfizer Inc on Monday said it would buy Botox maker Allergan Plc in a deal worth $160 billion to slash its U.S. tax bill, rekindling a fierce political debate over the financial maneuver. The acquisition, which would create the world's largest drugmaker and shift Pfizer's headquarters to Ireland, would also be the biggest-ever instance of a U….

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Pfizer to buy Allergan in $160 billion deal

financial

Ex-Goldman employee pleads guilty over N.Y. Fed leaks

By Brendan Pierson and Nate Raymond NEW YORK (Reuters) – A former Goldman Sachs Group Inc employee pleaded guilty on Thursday to illegally obtaining confidential information from a former colleague at the Federal Reserve Bank of New York. Rohit Bansal, a former associate at Goldman Sachs, pleaded guilty to a…

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Ex-Goldman employee pleads guilty over N.Y. Fed leaks

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