Credit Suisse to make capital hike decision after AGM Credit Suisse (CSGN.S) will not decide on how it wants to raise fresh capital until after this week's annual general meeting, SonntagsZeitung reported on Sunday. The Swiss bank is considering a quick-fire share sale or listing 20 to 30 percent of […]
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U.S. Homeland Security probes possible abuse in Twitter summons case The U.S. Homeland Security Department's inspector general said on Friday he was investigating possible abuse of authority in a case that triggered a lawsuit against the department by Twitter Inc (TWTR.N). Inspector General John Roth described the probe in a […]
GE shares fall on cash, business worries though profit beats General Electric Co reported quarterly sales and adjusted earnings results that beat analysts estimates on Friday, but its shares fell on concerns about some of its industrial businesses and its cash outflow. The maker of jet engines, power plants and […]
U.S., global financial leaders skirt trade frictions, tout collaboration Global economic leaders on Friday continued downplaying possible friction with the Trump administration over currencies, trade and other potentially contentious issues, even while acknowledging that much about the U.S. president's plans remains unclear. On a day when Donald Trump himself seemed […]
Two big California pension systems oppose nine Wells Fargo directors Officials of two large California public retirement systems said Friday they are voting against nine of 15 Wells Fargo & Co directors up for election at the bank's annual meeting next week, citing the bank's phony-account scandal. Leaders of the […]
United CEO Munoz will not chair board in 2018 following passenger furor United Continental Holdings Inc (UAL.N) said on Friday Chief Executive Oscar Munoz will not become chairman in 2018, under an amendment to his employment agreement approved after an uproar over the treatment of a passenger. In a reversal […]
Wall Street gears up for busiest earnings week in years Forget about French elections or the flagging Trump trade. Corporate America is set to unleash its biggest profit-reporting fest in at least a decade next week, with more than 190 members of the S&P 500 index .SPX delivering quarterly scorecards, […]
U.S. and Indonesia seek to cut trade and investment barriers U.S. and Indonesia seek to cut trade and investment barriers:- Indonesia and the United States agreed on Friday to find ways to reduce barriers to U.S. companies operating in Southeast Asia's largest economy, visiting U.S. Vice President Mike Pence and Jakarta's […]
High-stakes vote on Wells Fargo board also tests proxy adviser ISS A high-stakes shareholder vote at Wells Fargo & Co (WFC.N) next week will determine whether the bank has done enough to retain investor confidence after its phony-account scandal, and whether a leading proxy adviser wields enough clout to help […]
Trump tax plan to rely on future U.S. growth to fund cuts Trump tax plan to rely on future U.S. growth to fund cuts:- U.S. President Donald Trump's tax reform plan will rely largely on future revenue gains from faster economic growth to justify major tax cuts, top Trump advisers […]
