SEC fines Deutsche Bank $16 million to settle foreign corruption charges
The U.S. Securities and Exchange Commission on Thursday said Deutsche Bank had agreed to pay $16 million to settle charges that it violated the Foreign...
Two Fed officials see no case for rate cut now; Kaplan ‘open-minded’
Two Federal Reserve officials on Thursday said they see no need for an interest rate cut next month, while another said he was “open-minded,” highlighting...
White House mulling tax cuts but not to counter weakness: adviser
The Trump administration is considering a package of tax cuts designed to buttress the economy’s long-term growth that could be rolled out during the 2020...
Is the U.S. economy sinking or the strongest ever? For the Fed, no clear answer
The U.S. Federal Reserve is under pressure from President Donald Trump to cut interest rates. Investors expect the Fed to cut, perhaps by a lot....
HP CEO Dion Weisler to step down in November; shares slide
HP Inc said on Thursday that Chief Executive Officer Dion Weisler was stepping down after nearly four years, citing personal reasons....
Hasbro to buy studio Entertainment One, home of Peppa Pig, for $4 billion
U.S. toy maker Hasbro Inc will buy Entertainment One Ltd for about $4 billion (3.27 billion pounds) in cash, adding the independent studio with preschool...
Exclusive: Biofuels company proposes to buy fire-damaged Philadelphia refinery
A biofuels producer said on Thursday it is proposing to acquire the fire-damaged Philadelphia Energy Solutions refinery and convert it to make renewable diesel and...
S&P 500 stalls in economic data offset, ahead of Fed chair’s speech
The benchmark S&P 500 ended little changed on Thursday as a fall in U.S. jobless claims offset data showing a contraction in U.S. manufacturing activity...
Guggenheim’s Scott Minerd warns world bond markets are in a ‘bubble’
The bond market is in a “bubble,” particularly sovereign debt, Guggenheim Partners global chief investment officer Scott Minerd warned on Thursday, and he said that...
Gap same-store sales miss estimates as top brands disappoint
Gap Inc’s quarterly same-store sales fell short of analysts’ estimates on Thursday, hit by weakness at its Gap and Old Navy brands, sending its shares...