Fiat Chrysler to pay $40 million over inflated sales figures
Fiat Chrysler Automobiles NV and its U.S. unit will pay $40 million for misleading investors about its monthly sales figures and will resolve a lengthy...
Marathon’s board backs CEO amid calls for his ouster
Marathon Petroleum Corp said on Friday the top U.S. refiner’s board supported Gary Heminger staying on as chief executive officer amid calls for his ouster...
Austria’s AMS lights up Osram bidding war with new $4.9 billion offer
Austrian sensor maker AMS raised its takeover offer for Osram to 4.5 billion euros ($4.9 billion) on Friday, ratcheting up the pressure on a private...
Cooling U.S. consumer spending underscores risks to economy
U.S. consumer spending barely rose in August and business investment remained subdued amid lingering trade tensions, prompting economists to slash their economic growth estimates for...
Wall Street drops as White House weighs delisting Chinese companies
U.S. stocks slipped on Friday after news that the Trump administration was considering delisting Chinese companies from U.S. stock exchanges and limit U.S. investments into...
Barclays pays $6.3 million to settle U.S. SEC’s Asia-Pacific hiring probe
Barclays has agreed to pay about $6.3 million to settle U.S. charges it violated a federal anti-bribery law by hiring family and friends of foreign...
Wells Fargo chooses BNY Mellon’s Scharf as third CEO in three years
Wells Fargo & Co on Friday named banking veteran Charles Scharf its next chief executive officer, ending a six-month search for a new leader to...
Trump considers delisting Chinese firms from U.S. markets: source
President Donald Trump’s administration is considering the possibility of delisting Chinese companies from U.S. stock exchanges, a source briefed on the matter said on Friday,...
Fed’s Harker says central bank should ‘hold firm’ on rates
Philadelphia Federal Reserve Bank President Patrick Harker said in New York on Friday he thinks the central bank should “hold firm” on interest rates, pointing...
Trump considers delisting Chinese firms from U.S. stock markets: source
The U.S. government is considering the possibility of delisting Chinese companies from U.S. exchanges, a source briefed on the matter said on Friday, in what...