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Fidelity drops credit card partners American Express, Bank of America

January 4, 2016 by · Leave a Comment 

By Tim McLaughlin BOSTON (Reuters) – Fidelity Investments said on Monday it is dropping long-time credit card partners American Express Co and Bank of America Corp , ending a 12-year partnership that has generated billions of dollars in fees. Boston-based Fidelity, which has 24 million customers, said its new partners will be U.S. Bancorp and

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Fidelity drops credit card partners American Express, Bank of America

said-on-monday

Yum CFO to leave in February, amid China spinoff

December 8, 2015 by · Leave a Comment 

LOS ANGELES (Reuters) – Yum Brands Inc Chief Financial Officer Patrick Grismer will resign effective Feb. 19, the parent of the KFC, Taco Bell and Pizza Hut restaurant brands said on Monday.

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Yum CFO to leave in February, amid China spinoff

said-on-monday

Fed approves curb to future ‘too big to fail’ lending

November 30, 2015 by · Leave a Comment 

The Federal Reserve Board on Monday approved a proposal to curb its emergency lending powers, a change demanded by Congress after the central bank's controversial decision to aid AIG , Citigroup and others in 2008. The rule, unanimously approved by the Fed's Washington-based board in an open meeting, requires that any future emergency lending be only “broad-based” to address larger financial market…

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Fed approves curb to future ‘too big to fail’ lending

said-on-monday

FTC preparing to block Staples-Office Depot deal: NY Post

November 30, 2015 by · Leave a Comment 

(Reuters) – U.S. antitrust regulators are preparing to block Staples Inc's acquisition of smaller rival Office Depot Inc , the New York Post reported. The Federal Trade Commission (FTC) may again delay its decision on the deal, seeking more concessions from Staples, NY Post reported, citing two people familiar with the matter. Two of the four FTC commissioners looking into the deal are believed to oppose it, the

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FTC preparing to block Staples-Office Depot deal: NY Post

said-on-monday

Ford says to incur $600 million expense in 2015 from U.S. union pact

November 30, 2015 by · Leave a Comment 

Ford Motor Co said on Monday it will incur a $600 million expense this year tied to its new four-year contract with the United Auto Workers union in the United States. The expense is consistent with the company's previously stated

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Ford says to incur $600 million expense in 2015 from U.S. union pact

said-on-monday

NY attorney general probing foreign exchange options market

November 24, 2015 by · Leave a Comment 

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

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