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Lawsuit accuses Wells Fargo of biased lending in Chicago area

Breaking Business News - 2 hours 30 min ago
(Reuters) - Wells Fargo & Co was sued on Friday by Cook County, Illinois, which accused the largest U.S. mortgage lender of targeting black, Hispanic and female borrowers with predatory and discriminatory lending in the Chicago area.






German pilots union says fresh strikes imminent at Lufthansa

Breaking Business News - 3 hours 42 min ago
FRANKFURT (Reuters) - German pilots union VC said late on Friday that talks with carrier Deutsche Lufthansa over early retirement benefits have broken down and that new strikes are possible any time.

U.S. Black Friday shopping marked by thinner crowds, protests

Breaking Business News - 4 hours 30 sec ago
WEST HARTFORD, Conn./CHICAGO (Reuters) - Mall crowds were relatively thin on Black Friday in a sign of what has become the new normal in U.S. holiday shopping: the mad rush is happening the night of Thanksgiving and more consumers are picking up deals online.






WSJ’s Pope-Chappell hired by LinkedIn

Talking Biz News - 4 hours 22 min ago
Maya Pope-Chappell, a Wall Street Journal social media editor, has been hired by LinkedIn after five years with the paper. She will be an editor in New York, said LinkedIn executive editor Daniel Roth....

Lawsuit accuses Wells Fargo of biased lending in Chicago area

Breaking Business News - 4 hours 51 min ago
(Reuters) - Wells Fargo & Co was sued on Friday by Cook County, Illinois, which accused the largest U.S. mortgage lender of targeting black, Hispanic and female borrowers with predatory and discriminatory lending in the Chicago area.

Exclusive: Einhorn - raising new money as performance lags

Breaking Business News - 5 hours 52 min ago
BOSTON (Reuters) - Superstar investor David Einhorn is raising cash for the first time since 2012 following three straight years of lagging performance - and some customer redemptions from his $10 billion hedge fund, Greenlight Capital.






U.S. crude down 10 percent post-OPEC, Brent breaks below $70

Breaking Business News - 6 hours 31 min ago
NEW YORK (Reuters) - U.S. crude tumbled 10 percent in its biggest one-day drop in more than five years on Friday, and benchmark Brent broke below $70 a barrel, as OPEC's decision not to cut output sent oil traders and analysts scurrying to find a new trading floor.

Vodafone examining UK options, including a move for Liberty: sources

Breaking Business News - 6 hours 57 min ago
LONDON (Reuters) - Vodafone is reviewing potential acquisitions, including of Europe's leading cable operator Liberty Global , to counter the pending consolidation among rivals in Britain, five people close to the matter said.

Exclusive: P&G exploring sale of $7 billion Wella hair care unit - sources

Breaking Business News - 8 hours 39 min ago
LONDON (Reuters) - Procter & Gamble Co is working with Goldman Sachs to explore the sale of its Wella hair care business that could be worth around $7 billion, sources familiar with the matter told Reuters, as the world's largest consumer products company streamlines its business.

Wall St. up for sixth straight week despite oil rout

Breaking Business News - 8 hours 44 min ago
NEW YORK (Reuters) - U.S. stocks ended mostly flat in a holiday-shortened session on Friday as a massive decline in the energy sector offset strength in consumer names, but major indexes rose for a sixth straight week.






U.S. lodges new appeal at WTO in meat labelling dispute

Breaking Business News - 9 hours 35 min ago
GENEVA (Reuters) - The United States lodged an appeal on Friday to challenge a World Trade Organization ruling it said had failed to bring its meat labelling laws into line with global trade rules.

Arizona Republic assistant biz editor moves to new job

Talking Biz News - 9 hours 54 min ago
Kim Quillen, the assistant business editor at the Arizona Republic, is moving to a new job. She will be taking over the new position of East Valley/Scottsdale editor. Quillen joined the Republic in early...

Billions wiped off energy shares as investors rush for exit

Breaking Business News - 10 hours 38 min ago
LONDON (Reuters) - A fresh slide in the price of crude wiped tens of billions of dollars off oil companies' market value on Friday and signalled an end to the sector's safe-haven status, as fears mounted over future profits and dividend payouts.

Inside OPEC room, Naimi declares price war on U.S. shale oil

Breaking Business News - 10 hours 58 min ago
VIENNA (Reuters) - Saudi Arabia's oil minister told fellow OPEC members they must combat the U.S. shale oil boom, arguing against cutting crude output in order to depress prices and undermine the profitability of North American producers.






Speculators increase bets that Brent crude will fall to $65 in first quarter

Breaking Business News - 11 hours 18 min ago
LONDON (Reuters) - The main bet that oil speculators are making for the first few months of next year is that a barrel of Brent crude will fall to $65, according to options market data.






Coverage: Black Friday deals and sales

Talking Biz News - 11 hours 30 min ago
The day after Thanksgiving, which is known as Black Friday, is the traditional beginning of the holiday shopping season as consumers scramble from store to store in search of deals. Malls are packed, and...

BMW not interested in buying stake in Tesla: Wirtschaftswoche

Breaking Business News - 13 hours 1 min ago
FRANKFURT (Reuters) - Germany's BMW is not interested in buying a stake in U.S. electric carmaker Tesla Motors , German weekly WirtschaftsWoche reported on Friday, citing a BMW statement.

Standard Chartered hit with first S&P downgrade in 20 years

Breaking Business News - 13 hours 26 min ago
LONDON (Reuters) - Ratings agency Standard & Poor's (S&P) cut its credit rating on Standard Chartered for the first time in 20 years on Friday, citing the "tough period" the Asia-focused bank was going through and its weaker credit-worthiness.

ECB's Nouy says banks must show they can make profits

Breaking Business News - 13 hours 55 min ago
LONDON (Reuters) - Euro zone banks that failed or scrapped through this year's health checks will have to demonstrate they can make sustainable profits and may need to sell off loss-making units, the European Central Bank's top banking supervisor said.






Japan may expand air bag recalls; worried about impact on industry

Breaking Business News - 13 hours 58 min ago
TOKYO (Reuters) - Honda Motor and Mazda Motor may have to recall another 200,000 cars in Japan to replace Takata Corp air bags if Takata complies with a U.S. order to recall cars across the United States rather than just in humid regions.