Darrell Issa: I may run for House speaker
Rep. Darrell Issa tells CNBC he’s considering putting his name in the hat as a candidate for speaker of the House.
Goldman Sachs: This Oil Rally Is Not Going to Last
Oil has been surging this week but Goldman Sachs is calling for gains to be short-lived.
Wal-Mart names executive with international wing as next CFO
Wal-Mart named Brett Biggs, an executive in its international division, as its next chief financial officer Friday. Biggs will take over on Dec. 31, though Charles Holley, 59, who is retiring, will remain …
Fed's Lockhart still sees 2015 rate hike despite recent red flags
A U.S. interest rate hike is still probably coming in October or December despite some conflicting economic signals, a top Federal Reserve official said on Friday, reinforcing the central bank’s message over the last few weeks. Atlanta Fed President Dennis Lockhart, a well-respected centrist and a voter on the Fed’s monetary policy committee this year, said an international slowdown and last month’s weak U.S. jobs report show there is “a
Apple pulls apps over security concerns
Apple has removed some products from its App Store over concerns they could compromise users’ sensitive details, the U.S. technology giant said on Friday.
SABMiller meets with investors amid takeover bid
SABMiller met with investors Friday to underscore its strength as an independent company, as the world’s second-biggest brewer seeks to head off a takeover by larger rival Anheuser-Busch InBev. SABMiller …
China Sept data likely to show further economic weakness
A deluge of data from China in coming weeks is likely to point to further weakness in the world’s second-largest economy, reinforcing expectations that Beijing will roll out more stimulus measures to ward off a sharper slowdown. September performance readings will be capped by third-quarter gross domestic product (GDP) on Oct. 19, with many economists expecting growth to drop below 7 percent, the weakest since the global financial crisis. Some
Can Hillary Clinton Win the Democratic Race for Toughest Wall Street Cop?
She’s just the latest presidential candidate to unveil sweeping plans to regulate financial dealings.
StanChart CEO plans to cut about 1,000 top staff: memo
SINGAPORE/LONDON (Reuters) – Standard Chartered’s new Chief Executive Bill Winters plans to cut about 1,000 of the bank’s most senior staff to reduce costs, according to a memo sent to staff, as he battles to revive the bank following a sharp drop in profits. The cull shows the scale of the overhaul Winters is planning at the Asia-focused bank, which he has said needs to speed up decision-making on costs,
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