Business & Finance News
WASHINGTON (Reuters) – Morgan Stanley agreed to pay a $3.6 million fine on Friday after regulators found it failed to have systems in place to help it detect and prevent the misappropriation of client funds, the U.S. Securities and Exchange Commission said.
OTTAWA (Reuters) – Canada struck back at the Trump administration over U.S. steel and aluminum tariffs on Friday, vowing to impose punitive measures on C$16.6 billion ($12.63 billion) worth of American goods until Washington relents.
(Reuters) – Comcast Corp is experiencing service interruption across its business, residential internet, video and voice customers due to a fiber cut at one of its large backbone network partners, the company said in a tweet on Friday.
NEW YORK (Reuters) – After a strong rally that saw the Russell 2000 notch a record in three straight sessions in June, smallcap stocks may be showing signs of slowing down, leading some market participants to question whether their recent bulletproof performance is starting to crack.
WASHINGTON (Reuters) – Morgan Stanley agreed to pay a $3.6 million fine after regulators found it failed to detect or prevent misappropriation of client funds, the U.S. Securities and Exchange Commission (SEC) said on Friday.
MUNICH (Reuters) – A German court has ordered auto maker Volkswagen AG’s truck unit to pay 300 million euros ($350 million) to shareholders in MAN SE , ending a long-running court battle over its buyout offer.
OTTAWA (Reuters) – Canada struck back at the U.S. administration over its steel and aluminum tariffs on Friday, vowing to impose punitive measures on C$16.6 billion ($12.63 billion) worth of American goods until Washington backed down.
(Reuters) – General Motors Co warned on Friday that expansive U.S. tariffs on imported vehicles being considered by the Trump administration could lead to a “a smaller GM” and risks isolating U.S. businesses from the global market.
(Reuters) – A surge in Nike’s shares and a rally in bank stocks on Friday set the Dow Jones Industrial Average and the S&P 500 on track for their best day in a little over three weeks.
(Reuters) – Shares in the biggest U.S. banks rose on Friday after the Federal Reserve completed its annual stress test giving financial institutions the go-ahead for plans to return capital to investors through dividends and buybacks.
OTTAWA (Reuters) – Canada struck back at U.S. steel and aluminum tariffs on Friday, vowing to impose punitive measures on C$16.6 billion ($12.63 billion) of American goods and unveiling a C$2 billion aid package for affected industries and workers.
(Reuters) – Nike Inc’s shares jumped 12 percent to their all-time high on Friday after the world’s largest shoe maker saw a major sales rebound in its North America business and forecast strong growth for 2019.
DUBLIN (Reuters) – While German politics may dominate the headlines again in the coming week, the less attention grabbing release of industrial data could offer a better indication of the headwinds facing the European Union and its largest economy.
(Reuters) – U.S. stocks further extended gains on Friday, as Nike shares hit an all-time high after the world’s largest shoe maker posted a strong earnings report and as banking stocks surged on clearing the Federal Reserve’s stress test.
NEW YORK (Reuters) – Wells Fargo & Co has been hit with a lawsuit by a Texas jewelry company accusing it of encouraging thousands of retailers nationwide to charge hidden fees to customers using financing programs created by the bank.
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