(Reuters) -Trian Fund Management, run by activist investor Nelson Peltz, said on Friday it will not pursue a takeover of…
Citigroup misses profit estimates on provision hike, dealmaking slowdown
By Mehnaz Yasmin and Carolina Mandl (Reuters) – Citigroup Inc reported a 21% fall in quarterly profit on Friday, missing…
White House says it will not negotiate over the debt ceiling
WASHINGTON (Reuters) – The White House said on Friday it will not negotiate over the debt ceiling and there are…
JPMorgan ‘open for business’ in leveraged loans as rivals get stuck with losses
By Matt Tracy (Reuters) – JPMorgan Chief Financial Officer Jeremy Barnum told investors the bank is “absolutely open for business”…
Fed’s Powell noted “balance of risks” in rate hike path from 2018 onwards, transcripts show
By Lindsay Dunsmuir and Michael S. Derby (Reuters) – Two months before he became Federal Reserve chair, Jerome Powell urged…
BNY Mellon to cut 3% of workforce this year – source
By Manya Saini (Reuters) -Bank of New York Mellon Corp is planning to cut around 3% of its workforce this…
Factbox-Tesla cuts prices globally in a bid to spur demand
(Reuters) – Tesla Inc has slashed prices of its electric vehicles in the United States and Europe, doubling down on…
U.S. senators press Southwest to answer questions on holiday meltdown
By David Shepardson WASHINGTON (Reuters) – A group of 15 U.S. senators on Friday demanded Southwest Airlines Chief Executive Bob…
U.S. near-term consumer inflation expectations lowest in nearly two years
By Lucia Mutikani WASHINGTON (Reuters) – U.S. consumers are becoming more confident that price pressures will ease considerably over the…
Factbox-Global banks cut jobs as cost pressures mount
LONDON (Reuters) – Global banks are in the process of cutting over 6,000 jobs as profits at lucrative investment banking…