BNY Mellon to shut derivatives sales, trading business
(Reuters) - Bank of New York Mellon Corp will exit the derivatives sales and trading business that operates as part of the company's global markets group.
Analysis: Ford’s rosy 2020 outlook hinges on new F-150, Lincoln
DETROIT (Reuters) - If Ford Motor Co's new chief executive Mark Fields hoped to muffle the shock of an earnings outlook rollback on Monday by unveiling aggressive growth targets for 2020, then it did just the opposite, as investors and analysts were doubtful about the ambitious plan.
JPMorgan to face U.S. class action in $10 billion MBS case
NEW YORK (Reuters) - A federal judge on Tuesday said JPMorgan Chase & Co must face a class action lawsuit by investors who claimed the largest U.S. bank misled them about the safety of $10 billion of mortgage-backed securities it sold before the financial crisis.
Pimco CEO says firm to expand equities business: CNBC
NEW YORK (Reuters) - Pimco intends to expand its equities business and there will be no difference in the firm's portfolio management following the departure of former Chief Investment Officer Bill Gross, two top Pimco executives said on Tuesday.
AT&T expects customer usage of NEXT to reach 50 percent in third quarter
WASHINGTON (Reuters) - AT&T Inc expects that customer use of its equipment installment plan will have reached 50 percent in the third quarter, the company said in a regulatory filing on Tuesday, fewer customers than analysts expected.
Portugal sounds out Spanish banks on Novo Banco sale: sources
MADRID (Reuters) - Portugal has begun sounding out Spanish banks on their interest in buying Novo Banco, the successor to the state-rescued Banco Espirito Santo (BES), several sources familiar with the talks said on Tuesday.
Venezuela-Exxon arbitration ruling due this week: sources
HOUSTON (Reuters) - The World Bank arbitration tribunal will give its final award ruling this week on a multibillion- dollar claim by Exxon Mobil Corp against Venezuela over the 2007 nationalization of two oil projects, legal sources said on Tuesday.
Microsoft names next operating system ‘Windows 10′
SAN FRANCISCO (Reuters) - Microsoft Corp said on Tuesday the next version of its operating system will be called Windows 10.
Fed’s Powell rejects Treasury-Fed cooperation as threat to central bank independence
WASHINGTON (Reuters) - Federal Reserve board member Jerome Powell said on Tuesday he feared any move for the Fed and the U.S. Treasury to cooperate on debt management and other issues would undermine the central bank's independence and should be avoided.
News Corp to buy real estate website operator Move for $950 mln
(Reuters) - Rupert Murdoch's News Corp will buy Move Inc , the owner of property websites such as realtor.com, for about $950 million to expand its digital marketing business as advertising revenue from its print business dwindles.