Archive for the Category ‘Featured’

JPMorgan moving mortgages online to please paper-weary customers

JPMorgan moving mortgages online to please paper-weary customers JPMorgan Chase & Co is gradually introducing a digital mortgage platform where customers can apply online and track applications by mobile phone. The tools will allow customers to submit and sign documents online and exchange messages with bank staff and real-estate agents so loans can close more [...]

Exclusive: Big U.S. banks to push for easing of money laundering rules

Exclusive: Big U.S. banks to push for easing of money laundering rules By Joel Schectman, Karen Freifeld and Brett Wolf WASHINGTON/NEW YORK (Reuters) – America's largest banks are to propose a complete overhaul of how financial institutions investigate and report potential criminal activity, arguing that rules imposed in the years after the Sept. 11, 2001 [...]

U.S. weekly jobless claims rise less than expected

U.S. weekly jobless claims rise less than expected The number of Americans filing for unemployment benefits increased less than expected last week, a sign that the labor market was continuing to tighten. Initial claims for state unemployment benefits rose 5,000 to a seasonally adjusted 239,000 for the week ended Feb. 11, the Labor Department said [...]

U.S. housing starts drop; permits rise to one-year high

U.S. housing starts drop; permits rise to one-year high U.S. homebuilding fell in January as the construction of multi-family housing projects dropped, but upward revisions to the prior month's data and a jump in permits to a one-year high suggested the housing recovery remained on track. Other data on Thursday showed only a modest increase [...]

Futures dip as Wall Street navigates unchartered territory

Futures dip as Wall Street navigates unchartered territory (Reuters) – U.S. stock index futures dipped slightly on Thursday, as investors looked for fresh catalysts to keep up Wall Street's record-setting run as the outlook for the economy brightened.

Austria sues Airbus, Eurofighter consortium over suspected fraud

Austria sues Airbus, Eurofighter consortium over suspected fraud VIENNA (Reuters) – Austria filed a lawsuit on Thursday against Airbus and the Eurofighter consortium, alleging them of wilful deception and fraud linked to a 2 billion euro ($ 2.1 billion) order for Eurofighter jets in 2003, the defense ministry said.

Deutsche Boerse CEO says insider trading allegations will prove unfounded

Deutsche Boerse CEO says insider trading allegations will prove unfounded Deutsche Boerse Chief Executive Carsten Kengeter said insider trading allegations against him would prove unfounded, given he had no role in determining the timing of his share purchases ahead of the announcement of merger plans with the London Stock Exchange . "We, Deutsche Boerse and [...]

Consultancy files complaints with Chinese government over McDonald’s China sale

Consultancy files complaints with Chinese government over McDonald’s China sale By Michelle Price and Julie Zhu HONG KONG (Reuters) – A Chinese consultancy that has previously helped to win antitrust battles against Coca-Cola and Apple has taken aim at McDonald's Corp, arguing in a complaint to regulators that the American fast food giant's China sale [...]

GM’s Opel, Peugeot lagging rivals in strong European market: ACEA

GM’s Opel, Peugeot lagging rivals in strong European market: ACEA BERLIN (Reuters) – General Motors and PSA Group posted weaker European sales in January than any other major carmaker as they discuss a possible purchase of GM's European auto operations by PSA. A combination between GM and PSA would create a manufacturer with about 16 [...]

Newspapers aim to ride ‘Trump Bump’ to reach readers, advertisers

Newspapers aim to ride ‘Trump Bump’ to reach readers, advertisers By Jessica Toonkel NEW YORK (Reuters) – The Trump administration's combative view of traditional news media as the "opposition party" and "fake news" is turning out to be the best hope in 2017 for newspapers struggling to attract more digital readers and advertisers. The New [...]

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