By Pete Schroeder WASHINGTON (Reuters) -The U.S. Federal Reserve said on Monday it was considering major changes to its annual bank “stress tests” in light of recent legal developments, including allowing lenders to provide comment on the models it uses, in a major victory for Wall Street banks. The Fed said it may also allow …
US Fed floats major changes to bank stress tests in light of legal rulings Read More »
(Reuters) -Arcadium Lithium said on Monday its shareholders have voted in favor of a $6.7 billion sale to Australian mining giant Rio Tinto. Shares of Arcadium Lithium rose about 7% in extended trading after the company said that about 98% of its shareholders had voted in favor of the sale. The deal, expected to close …
Arcadium Lithium shareholders approve $6.7 billion Rio Tinto deal Read More »
(Reuters) – Nicaragua’s legislature is set to vote on a bill overhauling the Central American nation’s banking system, which would give the state control over appointing the leadership at private financial institutions in the country. WHY IT’S IMPORTANT The bill, sent by President Daniel Ortega to Congress, was presented to lawmakers on Monday. The proposal …
Nicaragua mulls state control over leadership of private banks Read More »
By David French NEW YORK (Reuters) -Buyout firm TPG’s climate investment arm is in talks to acquire Altus Power, a provider of solar power to commercial property owners and residential homes, people familiar with the matter told Reuters on Monday. If the talks between TPG Rise Climate and Altus are successful, a deal could be …
Exclusive-TPG in talks to acquire solar firm Altus Power, sources say Read More »
By Savyata Mishra and Juveria Tabassum (Reuters) -The Nordstrom family teamed up with Mexican retailer Liverpool to clinch a $4 billion deal to take iconic department store chain Nordstrom private, six years after a similar attempt fell short. Nordstrom and rivals such as Macy’s have become enticing takeover targets in recent years as sales have …
Nordstrom family will take retailer private in $4 billion deal Read More »
WASHINGTON (Reuters) -The U.S. consumer finance watchdog accused Walmart and the workforce payments company Branch Messenger on Monday of forcing more than a million delivery drivers into using accounts that cost them more than $10 million in junk fees. The Consumer Financial Protection Bureau said in a lawsuit that Walmart had told “last mile” drivers …
US government sues Walmart, Branch Messenger over delivery driver ‘junk fees’ Read More »
By Dan Catchpole SEATTLE (Reuters) -Boeing CEO Kelly Ortberg has tapped Ann Schmidt to be chief communications and brand officer in the latest executive appointment since Ortberg took over as chief executive in August. He announced her appointment on Monday in a memo to employees viewed by Reuters. Schmidt has been the interim head of …
Boeing names Ann Schmidt chief communications and brand officer Read More »
By Jaspreet Singh and Aditya Soni (Reuters) -Office equipment manufacturer Xerox has agreed to buy Chinese-owned printer and printing software maker Lexmark International in a $1.5 billion deal to expand its presence in Asian markets and better compete in an industry upended by the digital age. The purchase from Ninestar, PAG Asia Capital and Shanghai …
Xerox to buy printer maker Lexmark from Chinese owners in $1.5 billion deal Read More »
By Lucia Mutikani WASHINGTON (Reuters) -New orders for key U.S.-manufactured capital goods surged in November amid strong demand for machinery, while new home sales rebounded after being weighed down by hurricanes, offering more signs that the economy is on solid footing as the year ends. But concerns over plans by President-elect Donald Trump’s incoming administration …
By Ross Kerber (Reuters) – The Republican-led U.S. House of Representatives Judiciary Committee is seeking information from some 60 U.S. asset managers about their involvement with an investor climate group, adding pressure against environmental efforts by large investors. Letters sent on Friday to members of the Net Zero Asset Managers initiative, or NZAM, were signed …
US House committee targets another investor climate group Read More »
