Wells Fargo must face litigation on defective mortgages Wells Fargo must face litigation on defective mortgages:- A federal judge on Thursday said Wells Fargo & Co (WFC.N) must face litigation seeking to hold it responsible for billions of dollars of claimed investor losses stemming from its alleged failures as a […]
United States
Toshiba offered $17.9 billion for chip unit by Silver Lake and Broadcom Toshiba offered $17.9 billion for chip unit by Silver Lake and Broadcom:- U.S. private equity firm Silver Lake Partners LP and U.S. chipmaker Broadcom Ltd have offered Toshiba Corp about 2 trillion yen ($17.9 billion) for its chip […]
U.S. economic growth revised higher, boosted by consumer spending U.S. economic growth revised higher, boosted by consumer spending:- U.S. economic growth slowed less than previously reported in the fourth quarter as robust consumer spending provided a boost that was partially offset by the largest gain in imports in two years. […]
Asia stocks mixed after strong Wall Street, dollar gains on U.S. data Asian shares were mixed and the dollar extended its overnight gains on Friday on signs of strong U.S. economic growth, while the euro inched up after sliding overnight on data suggesting slowing growth in Europe. MSCI's broadest index […]
Hungary insists on bill that could force out Soros school Hungary insists on bill that could force out Soros school:- Hungary said it will not withdraw new legislation to regulate foreign universities that a Budapest college founded by American financier and philanthropist George Soros says could force it out of […]
Tillerson seeks to keep focus on Islamic State in delicate Turkey visit Tillerson seeks to keep focus on Islamic State in delicate Turkey visit:- U.S. Secretary of State Rex Tillerson held talks with Turkey's leaders on Thursday in a one-day visit to a NATO ally crucial to the fight against […]
Amazon plans layoffs at Quidsi unit after losses Amazon plans layoffs at Quidsi unit after losses:- Amazon.com Inc (AMZN.O) plans to cut 263 jobs at its money-losing parenting products unit Quidsi this summer as part of a business restructuring, it said in a notice filed with New Jersey on Wednesday. […]
Toshiba gets go-ahead for chip unit sale at angry shareholder meeting Toshiba gets go-ahead for chip unit sale at angry shareholder meeting:- Toshiba Corp shareholders agreed to split off its prized NAND flash memory unit on Thursday, paving the way for a sale to raise at least $9 billion to […]
Trump's big data consultant to meet Australian government Trump's big data consultant to meet Australian government:- The big data company credited with helping Donald Trump win the U.S. presidency has registered a company in Australia and plans to meet the country's ruling conservative Liberal Party next week, according to documents and a […]
Texas judge kicks Exxon climate lawsuit to New York court A federal judge in Texas on Wednesday kicked an Exxon Mobil Corp lawsuit seeking to thwart two states from pursuing a fraud case over climate change to a Manhattan court, saying his court wasn't the best place to resolve the […]
