U.S. SEC considers relaxing post-crisis structured mortgage product rules
The U.S. Securities and Exchange Commission (SEC) on Wednesday said it was seeking feedback on whether disclosure rules were discouraging firms from issuing SEC-registered residential...
Uber takes aim at ‘patchwork’ of ride share taxes in Illinois
Uber Technologies Inc on Wednesday sued a Chicago suburb over a new ride share tax, while calling on Illinois lawmakers to address the state’s “emerging...
U.S. handling of tariffs raises appearance of ‘improper influence’: watchdog
Lack of transparency in the Commerce Department’s handling of steel and aluminum tariffs raised the appearance that certain companies may have had “improper influence” in...
Facebook beats on profit as cost growth slows; shares rise
Facebook Inc reported better-than-expected quarterly revenue on Wednesday and a rise in profit as growth in expenses slowed from a year earlier and the number...
MetLife profit falls short on U.S., LatAm weakness
U.S. insurer MetLife Inc fell short of Wall Street estimates for quarterly profit on Wednesday, hit by a fall in adjusted earnings in its U.S....
U.S. Fed cuts interest rates, signals it is on hold
The Federal Reserve on Wednesday cut interest rates for the third time this year to help sustain U.S. growth despite a slowdown in other parts...
Two plead guilty in conspiracy involving Uber, LinkedIn, others: U.S. Justice Dept
Two hackers pleaded guilty in federal court on Wednesday for a conspiracy to extract bounties from Uber Technologies Inc , LinkedIn and other corporations in...
Starbucks beats same-restaurant sales estimates on digital push
Starbucks Corp beat quarterly same-restaurant sales estimates on Wednesday, as the world’s largest coffee chain’s loyalty program and new delivery options boosted demand and helped...
MetLife quarterly profit more than doubles on derivative gains
U.S. insurer MetLife Inc on Wednesday reported third-quarter profit that more than doubled from a year earlier, largely because derivatives that the U.S insurer uses...
Facebook beats revenue, profit estimates, shares rise
Facebook Inc beat analysts’ estimates for quarterly revenue and profit on Wednesday, driven by a steady rise in advertising....