Trump expected to order study of federal role in education President Trump is expected to sign an executive order Wednesday that would require Education Secretary Betsy DeVos to study how the federal government “has unlawfully overstepped state and local control,” according to a White House official. Trump has repeatedly pledged […]
Business News USA
For Wells Fargo directors, narrow wins may not be enough A shareholder vote scheduled for Tuesday could throw Wells Fargo & Co's (WFC.N) leadership into question if many directors, criticized for their slow response to the bank's phony-account scandal, fail to win solid majorities. A dozen of the 15 directors […]
Asia stocks near two-year high, euro steady as French vote lifts mood Asian equities hit a near two-year high on Tuesday, buoyed by a jump in risk appetite following the centrist victory in the first round of the French presidential election that also lifted the euro and pressured safe-haven assets. […]
Not an inside job: How two analysts became SEC whistleblowers Four years ago, two analysts who liked to swap notes on numbers they thought looked odd took a fateful step and tipped off U.S. regulators about a company that one of them had watched for months. Orthofix International NV (OFIX.O) […]
East Coast refiners eye Texas oil as North Dakota alternative U.S. East Coast refiners are looking to buy increasing volumes of domestic crude oil from the Gulf Coast, two sources said, the latest twist in a trade flow upheaval in the wake of the opening of the Dakota Access pipeline. […]
LVMH, Arnault to simplify Christian Dior business structure Luxury goods group LVMH (LVMH.PA) and billionaire businessman Bernard Arnault announced on Tuesday a deal to simplify their relationship with Christian Dior by buying out its minority shareholders, a transaction aimed at boosting LVMH's earnings. Arnault's family company said the deal was […]
Credit Suisse investors prepare to grill chairman Rohner over pay Credit Suisse (CSGN.S) Chairman Urs Rohner faces his toughest shareholder meeting to date this week following an investor revolt over bonuses and losses totaling 5.65 billion Swiss francs ($5.7 billion) since 2015. Rohner, 57, is facing calls to stand down […]
Euro jumps, shares firm on French election relief The euro briefly vaulted to five-month peaks on Monday after the market's favored candidate won through the first round of the French election, reducing the risk of a Brexit-like shock and sparking a mass unwinding of safe-haven trades. E-mini futures for the […]
IMF members set aside trade split as French vote rattles nerves International Monetary Fund members on Saturday dropped a pledge to fight protectionism amid a split over trade policy and turned their attention to another looming threat to global economic integration: the first round of France's presidential election. Concerns that […]
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 […]
