Today's Top Story
White House to host meeting with tech executives on Huawei ban: sources
WASHINGTON (Reuters) - White House economic adviser Larry Kudlow will host a meeting with semiconductor and software executives on Monday to discuss the U.S. ban on sales to China's Huawei Technologies Co Ltd, two sources briefed on the meeting said on Friday. Read More
Business News
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Equifax nears deal to pay about $700 million to settle U.S. data breach probes: WSJ
(Reuters) - Credit reporting company Equifax Inc
is close to a deal to pay around $700 million to settle data breach probes with U.S. regulators and states, the Wall Street Journal reported on Friday, citing people familiar with the matter. -
Carlos Ghosn sues Nissan-Mitsubishi in the Netherlands: paper
AMSTERDAM (Reuters) - Carlos Ghosn has launched a court case in the Netherlands against Japanese carmakers Nissan Motor <7201.T> and Mitsubishi Motors <7211.T>, who ousted him as chairman of their alliance last year on charges of embezzlement, Dutch newspaper NRC reported on Saturday.
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CBS stations go dark for DirecTV customers amid contract dispute with AT&T
(Reuters) - CBS Corp
and AT&T Inc failed to renew their contact, resulting in millions of DirecTV subscribers losing access to CBS programming. - More Business News»
Economic News
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A rally and a redirect: why the markets are so focused on the Fed
NEW YORK (Reuters) - When New York Fed President John Williams talked about the need to "vaccinate the economy" on Thursday, markets listened. And when the New York Fed itself spoke up later to clarify his remarks, investors were again all ears.
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Wall Street Week Ahead: Prospect of Fed cut pushing dividend investors into tech, energy
NEW YORK (Reuters) - An expected interest rate cut by the Federal Reserve later this month is pushing yield-oriented U.S. fund managers further afield in search of income at attractive prices.
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As U.S. 'superstar' cities thrive, weaker ones get left behind
NASHVILLE, Tenn. (Reuters) - In the depths of the financial crisis, when the world was shunning debt and battening down for the worst, city officials here zagged in what seemed a preposterous direction and spent $600 million on a new convention center.
- More Economic News»
Money News
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Take it easy: central bank U-turns loosen financial conditions
(Reuters) - Rate cut bets and rallying equity and bond markets are feeding into a gradual loosening of financial market conditions that could potentially send world growth ticking higher by the end of the year, a closely watched index suggests.
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Judge rules against hedge funds that challenged 2016 Jarden deal
WILMINGTON, Del. (Reuters) - A Delaware judge ruled against hedge funds on Friday that tried to get more cash out of Newell Brands Inc's
2016 acquisition of consumer goods company Jarden Corp, the latest setback for a once-popular investment strategy known as appraisal. -
Two top fixed-income portfolio managers exit Eaton Vance
NEW YORK (Reuters) - Bond fund managers Kathleen Gaffney and Henry Peabody left Eaton Vance Corp at the end of June and have been replaced by existing members of the firm's fixed-income team, a spokeswoman told Reuters.
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