usa

Hanjin says cargo owners withholding $80 million in payments

By Tom Hals WILMINGTON, Del (Reuters) – Failed South Korean container carrier Hanjin Shipping Co Ltd told a U.S. judge on Friday that cargo owners were withholding up to $80 million in payments for completed shipments, complicating the company's ability …

Original post: 
Hanjin says cargo owners withholding $80 million in payments

usa

Japan’s Renesas pushes into autos with $3.2 billion Intersil buy

By Makiko Yamazaki TOKYO (Reuters) – Renesas Electronics Corp on Tuesday said it has agreed to buy U.S. chipmaker Intersil Corp for $3.2 billion, an all-cash deal that bolsters the Japanese group's efforts to refocus the company around automotive chips. Renesas, created from the semiconductor units of several Japanese companies, has amassed a significant war chest since a state fund and key clients …

More:
Japan’s Renesas pushes into autos with $3.2 billion Intersil buy

usa

Berkshire is accused in New York lawsuit of workers’ compensation ‘siphoning’

By Jonathan Stempel NEW YORK (Reuters) – Berkshire Hathaway Inc has been sued by a New York bicycle courier company over an alleged illegal scheme to cheat employers buying workers' compensation policies. The complaint, filed late Friday by Breakaway Courier Systems, came as Berkshire's Applied Underwriters unit faces scrutiny over its workers' compensation policies, including some that have been banned by California, Vermont and Wisconsin. Breakaway, with about 300 employees, accused Berkshire and Applied of “siphoning” premiums through a web of illegal shell companies, with …

Read more here: 
Berkshire is accused in New York lawsuit of workers’ compensation ‘siphoning’

usa

Fed looks unlikely to hike next week after Brainard warning

The Federal Reserve should avoid removing support for the U.S. economy too quickly, Fed Governor Lael Brainard said on Monday in comments that solidified the view the central bank would leave interest rates unchanged next week. Brainard said she wanted to see a stronger trend in U.S. consumer spending and evidence of rising inflation before the Fed raises rates, and…

Read more from the original source: 
Fed looks unlikely to hike next week after Brainard warning

usa

Nissan, dealers fined 6 million euros over antitrust practices in Spain

MADRID (Reuters) – Spanish competition regulator CNMC said on Monday that Nissan's unit in the Iberian Peninsula and several of its autodealers had been fined 6 million euros ($6.69 million) over antitrust practices.

Read the original post:
Nissan, dealers fined 6 million euros over antitrust practices in Spain

usa

Obama says countries must move in concert on tax avoidance

U.S. President Barack Obama said on Monday that the United States had to move in concert with other countries on the issue of tax avoidance, as some U.S. allies were “racing to the bottom” with their tax policies. The European Commission said last …

Original post: 
Obama says countries must move in concert on tax avoidance

usa

Oil pares gains after Saudi, Russia sign pact

By Ahmad Ghaddar LONDON (Reuters) – Crude oil futures pared gains on Monday after top producers Russia and Saudi Arabia said they have agreed to cooperate on stabilizing the oil market, including limiting output. Saudi Arabia and Russia said on the sidelines of the G20 summit in China that they signed an agreement to set up a task force to review oil market fundamentals and to recommend measures and actions that will secure…

See original here: 
Oil pares gains after Saudi, Russia sign pact

usa

Obama seeks to convince Asian partners that Washington will approve TPP

U.S. President Barack Obama said on Monday that U.S. trading partners in Asia did not need to be persuaded of the benefits of the Trans-Pacific Partnership, just that Washington would eventually approve the trade pact. Obama has made the 12-nation TPP the centerpiece…

Read the original:
Obama seeks to convince Asian partners that Washington will approve TPP

usa

U.S. agency rolls out refinance program for homeowners

The regulator of Fannie Mae and Freddie Mac unveiled on Thursday a program aimed at homeowners who are paying their mortgages on time but whose loan-to-value (LTV) ratios are too high to qualify for traditional refinance …

Go here to read the rest: 
U.S. agency rolls out refinance program for homeowners

usa

As central bankers gather, some at Fed make rate-hike case

As central bankers converge on this mountain resort Thursday for an annual conference on monetary policy, a couple of top Federal Reserve officials took the chance to renew a push for interest-rate hikes, citing improvement in employment and inflation. “The case is strengthening” for a rate hike, Dallas Fed President Robert Kaplan told CNBC, whose open-air studio here overlooks the craggy peaks of the Grand Teton National Park. “And you should conclude from that in the not-too-distant future … …

See the original post: 
As central bankers gather, some at Fed make rate-hike case

« Previous Page — Next Page »