Altice U.S. cable growth a priority as it explores wireless ltice USA, the cable operator created from Netherlands-based Altice NV's (ATCA.AS) acquisitions of Cablevision Systems Corp and Suddenlink Communications, considers cable growth a priority as it explores ways to enter the wireless business, company officials said. In April, Altice USA […]
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Business
Dollar firm after bounce from lows, yuan slips on China downgrade Dollar firm after bounce from lows, yuan slips on China downgrade:- The dollar held firm on Wednesday, having rebounded from 6-1/2-month lows against its major peers helped by a rise in U.S. Treasury yields, while the yuan eased after […]
Uber inadvertently underpaid New York City drivers for over two years Uber Technologies Inc [UBER.UL] said on Tuesday it underpaid its New York City drivers for the past two-and-a-half years, an error that could cost the ride-hailing company tens of millions of dollars. Uber generally takes a commission from its […]
Housing recovery intact despite drop in new home sales New U.S. single-family home sales tumbled from near a 9-1/2-year high in April, but the housing recovery likely remains intact amid a tightening labor market. The Commerce Department said on Tuesday new home sales declined 11.4 percent to a seasonally adjusted […]
U.S. appeals court to hear cases that could weigh on Wall Street policing U.S. appeals court to hear cases that could weigh on Wall Street policing:- A U.S. appeals court will weigh whether certain hiring practices at two of the country's top financial market regulators violate the Constitution on Wednesday, […]
U.S. financial council reimagined as boon, not bane, for Wall Street The Financial Stability Oversight Council (FSOC), which brings together all U.S. financial watchdogs, used to be the scourge of Wall Street but under Treasury Secretary Steven Mnuchin it can serve to ease its regulatory burdens. President Donald Trump has […]
Trump seeks to slash $3.6 trillion of spending in austere budget U.S. President Donald Trump asked lawmakers on Tuesday to cut $3.6 trillion in government spending over the next decade, taking aim at healthcare and food assistance programs for the poor in an austere budget that also boosts the military. […]
U.S. top court tightens patent suit rules in blow to patent trolls The U.S. Supreme Court on Monday tightened rules for where patent lawsuits can be filed in a decision that may make it harder for so-called patent "trolls" to launch sometimes dodgy patent cases in friendly courts, a major […]
Ford, Trudging Into the Future, Ousts Mark Fields as C.E.O. Ford Motor was the American automaker savvy enough to avoid bankruptcy when industry sales collapsed during the 2008 financial crisis. Then it rode economic recovery and cheap gasoline to record sales and profits. But what looks like success can turn […]
Wells Fargo suffers slump in muni bond underwriting Wells Fargo & Co is paying a price in the U.S. municipal bond market for the bogus customer accounts scandal that hit the bank last year and led to bans by some cities and states, an analysis of Thomson Reuters data shows. […]
