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Germany made clear it would agree to sharing more banking risk only if governments first proved they were ready to share more responsibilities as well, at a meeting of European Union finance ministers on Saturday. The ministers were discussing a deposit guarantee plan, an idea backed by the European Commission. It wants to propose steps toward a deposit insurance and reinsurance scheme in October, Commission Vice-President Valdis Dombrovskis said.
A group of major automakers accounting for more than half of U.S. auto sales will make automatic emergency braking standard on new U.S. vehicles in one of the industry’s biggest auto safety moves since it embraced technology to prevent rollovers more than a decade ago. The car makers, which accounted for 57 percent of car and light truck sales in the United States last year, said Friday they will work
KKR & Co and Apollo Global Management are seeking to acquire General Electric Co’s inventory finance arm, Bloomberg reported on Friday. The buyout firms made bids two weeks ago for GE Capital Commercial …
Two New York stockbrokers must face civil insider trading charges brought by U.S. securities regulators, a U.S. judge ruled on Friday, despite a landmark appellate ruling that torpedoed the criminal case against them. U.S. District Judge Jed Rakoff in Manhattan rejected a bid from former Euro Pacific Capital Inc traders Daryl Payton and Benjamin Durant to throw out U.S. Securities and Exchange Commission charges that they engaged in illegal trading
Boeing Co is planning to move final production work for some 737 jetliners to a new facility in China, and is timing an announcement to coincide with the first U.S. state visit of China’s president, Xi Jinping, later this month, according to a published report. The report in Aviation Week on Friday appeared to surprise elected officials, unions and industry leaders in Washington state, where Boeing now builds all 737s.
In a 129-page decision on Thursday, U.S. District Judge Andre Birotte in Los Angeles said the Academy failed to show that GoDaddy acted in bad faith by letting customers purchase 293 domain names such as academyawards.net, oscarsredcarpet.com, billycrystal2012oscars.com and theoscargoestothehangover.com. The Academy sued GoDaddy in 2010, accusing the Scottsdale, Arizona-based company of letting customers “park” their pages on the Internet and share in revenue collected from advertising on those pages.
Energy shares dropped after Goldman Sachs cut its oil price forecast through next year. Eight of the 10 S&P 500 sectors closed higher, led by gains in utilities (.SPLRCU), which tend to rise as bond yields fall. Investors are awaiting next week’s Federal Reserve meeting and news on whether it will raise rates for the first time in almost a decade.
Gayle King is getting super candid about her weight. In fact, you couldn’t get more candid—the 5’10” 60-year-old CBS This Morning co-anchor posted on her…
Ouch! Candice Swanepoel took quite a tumble while walking the runway at the Givenchy spring-summer 2016 show during New York Fashion Week on Friday and suffered some…
Paul Walker would have been 42 today. But while the loss is still palpable following his death in a car crash in 2013, when he was only 40, his family, friends and fans continue to do…
