U.S. regulators finalize changes easing post-crisis ‘Volcker Rule’
Two U.S. banking regulators on Tuesday approved changes easing a rule introduced after the 2007-2009 financial crisis that bans banks from trading on their own...
Exclusive: Cigna seeks sale of group benefits insurance business – sources
U.S. health insurer Cigna Corp is exploring a sale of its group benefits insurance business, which could be valued at as much as $6 billion,...
Former GOP senator: Facebook has ‘significant work’ to address conservatives concerns
A year-long review by a former Republican U.S. senator says Facebook Inc has “significant work to be done to satisfy” concerns from conservatives that believe...
Oil falls but losses capped by hopes of easing trade tensions
Oil prices fell on Tuesday on persistent concerns over future demand, but losses were capped by optimism U.S.-China trade tensions will ease and hopes major...
Mercedes reviews vans model portfolio as diesel debate hammers sales
Daimler is reviewing the product portfolio at its vans division, where sales have been hit hard by doubts about the cleanliness of diesel engined vehicles,...
Wall St. opens slightly lower; Home Depot caps losses
U.S. stocks opened slightly lower on Tuesday, after three straight session of gains, but upbeat earnings from Dow Industrial component Home Depot limited losses....
Wall street set for muted open, retail earnings mixed
Wall Street looked set to open little changed on Tuesday after three days of gains, with a mixed bag of retail earnings keeping investors guessing...
U.S. banking regulator approves simpler ‘Volcker Rule’ ban on proprietary trading
A U.S. banking regulator announced Tuesday he had approved a final rule simplifying the “Volcker Rule,” which restricts risky profit-seeking trades by banks....
Kohl’s profit beat lifts shares as partnerships pay off
Department store operator Kohl’s Corp reported better-than-expected quarterly profit on Tuesday and said it expected to benefit from new partnerships and the expansion of its...
Chinese smartphone maker Xiaomi misses estimates as competition hots up at home
China’s Xiaomi Corp reported 15% growth in quarterly revenue on Tuesday, missing estimates, as fewer people bought smartphones at home and rival Huawei grabbed market...