Feed aggregator

Asian shares rise, dollar on top of the heap

Breaking Business News - 31 min 45 sec ago
TOKYO (Reuters) - Upbeat Chinese services activity reports helped lift Asian shares on Wednesday, while the dollar was close to 14-month highs against a basket of major currencies after data underscored that the U.S. economy continues to gather gradual momentum.

U.S. bank regulators set to adopt liquidity, swaps margin rules

Breaking Business News - 1 hour 52 min ago
WASHINGTON (Reuters) - U.S. bank regulators plan to adopt on Wednesday rules forcing big banks to hold more assets that they could sell easily in a credit crunch, a requirement that is closely linked to the experience of the 2007-2009 financial crisis.

Celebrity hacking clouds Apple's upcoming product launch

Breaking Business News - Tue, 09/02/2014 - 22:44
SAN FRANCISCO (Reuters) - Apple Inc has often displayed uncanny timing, with its well-orchestrated end-of-year iPhone releases. But the leak of racy celebrity photos in the past few days put the company in the unusual position of having to mend its image just days before a highly anticipated Sept. 9 product launch.

Washington Biz Journal publisher named to ACBJ position

Talking Biz News - Tue, 09/02/2014 - 21:19
Alex Orfinger is stepping down as publisher of the Washington Business Journal after 18 years to take a new position overseeing 20 business journals for the organization’s parent company. Michael Neibauer of the Washington...

Oregon paper seeks biz reporter

Talking Biz News - Tue, 09/02/2014 - 19:55
The McMinnville News-Register, a quality family-owned twice-weekly in Oregon’s scenic wine country, seeks an enterprising reporter whose principal areas of concentration will be business and social issues. The ideal candidate will have a degree...

Apple says its systems not to blame for celebrity photo breach

Breaking Business News - Tue, 09/02/2014 - 18:21
SAN FRANCISCO (Reuters) - The week before a crucial launch of its new iPhone, Apple Inc said intimate photos of celebrities including Oscar-winner Jennifer Lawrence were leaked online through the apparent hacking of individual iCloud accounts.

Shell CEO says U.S. should export oil to stabilize markets

Breaking Business News - Tue, 09/02/2014 - 18:08
NEW YORK (Reuters) - U.S. policymakers should gradually lift the country's decades-old ban on crude oil exports because allowing the shipments would make the global energy system and fuel prices more stable, the head of Royal Dutch Shell Plc said on Tuesday.

U.S. SEC charges Houston adviser with not disclosing fund payments

Breaking Business News - Tue, 09/02/2014 - 18:04
(Reuters) - A Houston-based investment advisory firm steered clients to certain mutual funds without disclosing that it was receiving payments from the broker who offered those funds, the U.S. Securities and Exchange Commission alleged in a civil fraud complaint on Tuesday.

BP asks court to remove claims administrator in Gulf spill case

Breaking Business News - Tue, 09/02/2014 - 17:42
HOUSTON (Reuters) - BP Plc asked a U.S. court on Tuesday to fire the court-appointed lawyer tasked with paying out compensation to people affected by the 2010 Gulf of Mexico oil spill, saying the lawyer had not disclosed an alleged conflict of interest before taking the job.

Credit Suisse says investigating allegations of employee misconduct

Breaking Business News - Tue, 09/02/2014 - 17:41
LONDON Sep 2 (Reuters) - Credit Suisse said it was investigating allegations of trader misconduct reported in The Wall Street Journal on Tuesday.

Aston Martin may lose U.S. dealers without safety exemption

Breaking Business News - Tue, 09/02/2014 - 17:15
DETROIT (Reuters) - U.S. Aston Martin dealers say they are in danger of closing if federal regulators refuse to give them an exemption to safety rules that would allow them to keep selling all four models the British luxury sports car maker produces.

Abercrombie resolves CEO pay lawsuit, to tighten governance

Breaking Business News - Tue, 09/02/2014 - 17:05
(Reuters) - Abercrombie & Fitch Co's board agreed to make governance changes to resolve a lawsuit objecting to its awarding longtime Chief Executive Officer Michael Jeffries more than $140 million of compensation since 2007.

Wall Street ends mixed, energy shares fall

Breaking Business News - Tue, 09/02/2014 - 16:56
NEW YORK (Reuters) - U.S. stocks ended mostly lower on Tuesday, retreating from records set the previous month, as falling crude oil prices dragged energy shares down and offset strong manufacturing data.

Frankfurt court bans Uber taxi services across Germany

Breaking Business News - Tue, 09/02/2014 - 16:53
FRANKFURT (Reuters) - A German regional court has issued a temporary injunction against Uber, the fast-growing, U.S.-based online chauffeur service which is no stranger to legal challenges from taxi-cab rivals and regulators around the globe.

Home Depot says probing 'unusual activity' after data breach report

Breaking Business News - Tue, 09/02/2014 - 16:23
(Reuters) - Home Depot Inc said on Tuesday it was working with law enforcement to investigate "some unusual activity" related to customer data but that it could not confirm if it had become the latest retailer to be hit by a large-scale security breach.

Alitalia restarts Venezuela flights after hiatus due to forex dispute

Breaking Business News - Tue, 09/02/2014 - 16:10
CARACAS (Reuters) - Italian airline Alitalia has started to fly to Venezuela again after a near two-month halt when carriers trimmed operations following government delays in releasing ticket revenue under the country's strict currency controls.

Danone names new CEO as Riboud prepares for succession

Breaking Business News - Tue, 09/02/2014 - 15:47
PARIS (Reuters) - Danone said on Tuesday that Chairman and Chief Executive Franck Riboud would split his role after 18 years at the helm of the world's largest yoghurt maker, which is grappling with a series of setbacks in Asia and in Europe.

Hugo Boss says Permira to place 11.2 percent Hugo Boss stake

Breaking Business News - Tue, 09/02/2014 - 14:53
FRANKFURT (Reuters) - German retailer Hugo Boss on Tuesday said an investment company controlled by private equity investor Permira[PERM.UL] is placing up to 7.9 million Hugo Boss shares.

Exclusive: Deutsche Asset & Wealth Management opens Dallas office in regional shift

Breaking Business News - Tue, 09/02/2014 - 14:50
NEW YORK (Reuters) - Deutsche Bank AG's Asset & Wealth Management division said on Tuesday it has opened a private bank in Dallas with two former JP Morgan Private Bank executives at the helm. The move is part of a global push to increase the German bank's financial adviser base by 15 percent in the next three years.

Halliburton to settle U.S. Gulf spill claims for $1.1 billion

Breaking Business News - Tue, 09/02/2014 - 14:47
(Reuters) - Halliburton Co , North America's top oilfield services provider, said it reached a $1.1 billion settlement for a majority of claims related to its role in BP Plc's oil spill in the Gulf of Mexico in 2010.