NEW YORK (Reuters) – Citigroup Inc has agreed to pay $100 million to settle charges by most U.S. states that it rigged the Libor benchmark interest rate to boost profit at the expense of investors.
(Reuters) – AT&T Inc is committed to spend as much as needed on the media business of newly acquired Time Warner Inc, Chief Executive Randall Stephenson told CNBC on Friday, with a plan to invest $21 billion to $22 billion in the combined company.
(Reuters) – U.S. stocks fell on Friday after the United States announced tariffs on $50 billion worth of Chinese goods, prompting Beijing to warn of retaliation and reigniting fears of a trade war between the world’s two largest economies.
Too much income can reduce Social Security benefits, but only certain types of income count. …read more […]
LONDON/PARIS (Reuters) – Bank of America has hired Morgan Stanley veteran Bernard Mourad, who recently worked as an adviser to French President Emmanuel Macron, as its new head of corporate and investment banking for France, three sources familiar with the matter told Reuters.
DUBAI (Reuters) – Saudi Arabia plans to host a leaders’ oil summit later this year for OPEC and non-OPEC countries participating in a supply cut pact, two sources familiar with the matter said on Friday.
(Reuters) – U.S. stocks fell on Friday after the United States announced tariffs on $50 billion worth of Chinese goods, spurring a promise of immediate and equivalent retaliation from Beijing.
China’s government responded quickly to U.S. President Donald Trump’s tariff hike on Chinese goods by announcing Friday it will immediately impose penalties of “equal strength” on U.S. products. The Commerce Ministry said it also was scrapping deals to buy more American farm goods and other exports as part of efforts to defuse a sprawling dispute over its trade surplus and technology policy. Much of the impact would fall on Trump’s rural supporters. …read more […]
BERLIN (Reuters) – A German court ruled on Friday that investors pushing for damages over a sharp fall in Volkswagen shares after the carmaker disclosed emissions cheating in 2015 can also seek redress from majority shareholder Porsche SE .
BRUSSELS (Reuters) – EU antitrust regulators have given the green light to U.S. cable company Comcast’s plan to acquire European pay-TV group Sky without demanding concessions.
President Trump is slapping 25% tariffs on some $50B in Chinese goods. The White House says it’s over the theft of intellectual property, and China is now pledging to retaliate. Yahoo Finance’s Alexis Christoforous, Ethan-Wolff Mann and Dion Rabouin have details. …read more […]
(Reuters) – U.S. stocks fell on Friday after the United States announced tariffs on $50 billion worth of Chinese goods, spurring a promise of immediate and equivalent retaliation from Beijing.
MOSCOW (Reuters) – Dozens of industrial plants in Russia have turned to the state’s reinsurance company for cover after an extension of U.S. sanctions made it difficult to get reinsurance elsewhere, the head of that firm told Reuters.
NEW YORK (LPC) – Media company Comcast Corp’s record all-cash US$65bn bid to buy Twenty-First Century Fox’s media assets, a day after AT&T’s long-sought acquisition of Time Warner received a green light, signals an oncoming wave of M&A that banks will aggressively compete to finance.
(Reuters) – U.S. stock indexes opened lower on Friday after the United States announced tariffs on $50 billion worth of Chinese goods, spurring a promise of immediate and equivalent retaliation from Beijing.
Copyright 1997-2019 Wall Street Reporter / Octagon Media Corp.
