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By David Shepardson WASHINGTON (Reuters) -Boeing said on Wednesday it provided U.S. regulators with the names of employees on its 737 MAX door team after lawmakers and a federal safety official sharply criticized the planemaker’s failure to do so at a Senate hearing. National Transportation Safety Board Chair Jennifer Homendy said Boeing had failed to …

Boeing discloses names of 737 MAX employees after NTSB chair faults cooperation Read More »

By Isla Binnie and Ross Kerber (Reuters) -Wall Street’s top regulatory body voted on Wednesday to adopt a rule that would require public companies to disclose certain climate-related risks, a first-of-its-kind regulation that was watered down from an earlier draft. It drew a mixed response, with 10 Republican-led U.S. states vowing to sue the U.S. …

US SEC adopts climate rule that may face challenges despite dilution Read More »

By Waylon Cunningham SAN ANTONIO, Texas (Reuters) – Fast-food chain Panera Bread has loosened its standards for animal welfare and so-called clean ingredients in its food ahead of a planned IPO, according to internal company documents seen by Reuters. Its stores across the U.S. were directed in late February to begin removing signs and artwork …

Exclusive-Panera loosens animal welfare, ingredients standards ahead of IPO, internal documents show Read More »

By Sinéad Carew and Bansari Mayur Kamdar (Reuters) -Wall Street’s three major indexes closed higher on Wednesday as economic data and comments from Federal Reserve Chair Jerome Powell reinforced expectations that the U.S. central bank would reduce its benchmark interest rate this year. Powell said on Wednesday that he still expected the Fed to cut …

Wall St rises as Powell fuels hopes for rate cuts this year Read More »

By Saeed Azhar NEW YORK (Reuters) -Bank of America expects its investment banking revenue to rise by 10% to 15% in the first quarter from a year earlier, joining rivals who have recently turned more optimistic. “We’ve had better capital markets activity, you can see that just in the deal flow,” BofA’s Chief Financial Officer …

BofA joins rivals in predicting stronger investment banking revenue Read More »

By Niket Nishant, Manya Saini and Anirban Sen (Reuters) -New York Community Bancorp said on Wednesday it had raised $1 billion from investors including former U.S. Treasury Secretary Steven Mnuchin’s Liberty Strategic Capital and named a former Comptroller of the Currency its new CEO. Investment firms Hudson Bay Capital, Reverence Capital Partners, Citadel Global Equities, …

Embattled lender NYCB secures $1 billion investment from cohort including Mnuchin’s firm Read More »

By Lindsay Dunsmuir (Reuters) -There was an uptick in U.S. economic activity from early January through late February while inflation and the jobs market presented conflicting signals on how quickly they will cool further, a U.S. Federal Reserve survey showed on Wednesday, underscoring the complicated picture for central bankers as they seek to fully tame …

US economic activity increased slightly in recent weeks, Fed survey shows Read More »

(Reuters) -New York Community Bancorp said on Wednesday it had raised $1 billion from investors including former U.S. Treasury Secretary Steven Mnuchin’s Liberty Strategic Capital and named a former Comptroller of the Currency its new CEO. The embattled lender has been under pressure since it posted a surprise fourth-quarter loss on Jan. 31, weighed down …

Embattled lender NYCB secures $1 billion equity investment Read More »

(Reuters) – Australia’s corporate regulator said on Wednesday it issued a letter to the country’s general insurance firms asking for improvement in insurance claim handling practices, especially in response to severe weather events. The Australian Securities and Investments Commission (ASIC) said general insurers are responsible for acting “efficiently, honestly, and fairly” to resolve such claims. …

Australia’s corporate regulator asks general insurers to improve claim practices Read More »

By Clark Mindock (Reuters) – An Oregon state jury on Tuesday ordered Berkshire Hathaway’s PacifiCorp to pay at least $29.2 million to nine homeowners and a summer camp whose properties were damaged by 2020 wildfires they claim were sparked when the Oregon utility failed to shut off its power lines during high winds. The verdict …

Berkshire’s PacifiCorp ordered to pay $29.2 million to homeowners, summer camp for 2020 Oregon wildfire damage Read More »