Business & Finance News
The Environmental Protection Agency will attempt to stamp out speculation in the U.S. biofuel credit market by barring trading by non-industry players, publicizing large positions, and improving price transparency, a source familiar with the agency’s proposals told Reuters on Thursday.
Home-renting company Airbnb has bought HotelTonight, an app for finding hotel rooms at a discount, as it wades deeper into the hotel-booking business to attract a wider variety of travelers ahead of a hotly anticipated initial public offering.
Marriott International Inc Chief Executive Arne Sorenson apologized on Thursday before a U.S. Senate panel for a massive data breach involving up to 383 million guests in its Starwood hotels reservation system and vowed to protect against future attacks.
Netflix Inc said on Thursday its Chief Marketing Officer Kelly Bennett is stepping down after seven years in the post, during which the online-streaming giant added 139 million paid subscribers.
General Electric Co will invest more heavily in junk bonds, private equity and other high-yield investments to boost returns at its ailing insurance business, company executives said on Thursday.
European Central Bank President Mario Draghi caught even dovish rate-setters off guard by pushing on Thursday for unexpectedly generous stimulus after forecasts showed a large drop in economic growth, four sources familiar with the discussion said.
A gauge of global stock markets slumped on Thursday while the U.S. dollar rose, as the European Central Bank postponed interest rate rises to 2020 and launched a fresh round of cheap loans to banks to help rejuvenate the euro zone economy.
The U.S. Environmental Protection Agency’s proposal to curb speculation in the biofuel credit market will include five measures aimed at preventing hoarding of the credits and improving monitoring to identify potential market manipulation, a source familiar with the matter told Reuters.
Wall Street fell for the fourth straight session on Thursday, weighed down by financial and technology stocks, as investors were spooked by the European Central Bank’s (ECB) return to pump-priming loans to stimulate a struggling euro zone economy.
Bank of New York Mellon Corp backed away on Thursday from changing rules relating to its staff working from home, after a call to reevaluate the option invited severe criticism from employees.
Kroger Co projected annual profit below Wall Street estimates on Thursday, as the grocer spends billions of dollars on modernizing its stores and delivery to compete better with Walmart and Amazon.
BMW’s ambitions to establish China as a hub for exporting electric cars are in limbo because of uncertainty over potential trade tariffs between China and the United States, company executives told Reuters.
Marriott International Inc Chief Executive Arne Sorenson apologized on Thursday before a U.S. Senate panel for a massive data breach involving up to 383 million guests in its Starwood hotels reservation system and vowed to protect against future attacks.
Wall Street fell on Thursday, led by financials stocks, as investors were spooked by the European Central Bank’s (ECB) return to pump-priming loans to stimulate a struggling euro zone economy.
Britain’s Serious Fraud Office (SFO) failed to take “reasonable and appropriate” steps to get key documents from Qatar’s U.S. lawyers before a fraud trial of four former Barclays executives, a London criminal court heard on Thursday.
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