U.S. audit regulator reaches deal with China on document access By Dena Aubin and Sarah N. Lynch NEW YORK (Reuters) – U.S. regulators will get access to Chinese companies’ audit documents under a deal announced on Friday, opening the way to probes of bungled audits after a two-year stand-off between China and the United States. [...]
Visa, Mastercard ask U.S. court to declare card fees are lawful By Jessica Dye NEW YORK (Reuters) – Visa Inc and MasterCard Inc, opening another front in an eight-year battle over credit card fees paid by retailers, on Friday asked a federal judge to declare that the fees do not violate antitrust law. The lawsuit [...]
Insight: Luxury brands position for U.S. boom By Astrid Wendlandt and Phil Wahba PARIS/NEW YORK (Reuters) – Most men might balk at spending $ 600 on a pair of Dior sneakers but for U.S. shoppers like Ephraim, an upbeat 30-year-old, such indulgences are becoming increasingly commonplace. Ephraim is the kind of man who gives luxury [...]
U.S. options clearer moves to end trade type dominated by Nasdaq By Ann Saphir SAN FRANCISCO (Reuters) – The clearinghouse for all stock options said Thursday it will adopt a policy aimed at abolishing a dividend-linked trading strategy that critics say could destabilize markets if left unchecked. The change at Chicago-based OCC is likely to [...]
Average U.S. 401(k) balance tops ,000, up 75 percent since 2009 BOSTON (Reuters) – The average 401(k) retirement balance for U.S. workers hit a record high of $ 80,900 in the first quarter, a growth spurt of 75 percent since the stock market’s nadir in March 2009, Fidelity Investments said on Thursday based on a [...]
Electric carmaker Tesla pays off U.S. loan DETROIT (Reuters) – Electric carmaker Tesla Motors Inc on Wednesday said it has paid off its U.S. Department of Energy loan, using money raised last week in a stock and notes offering. The automaker said it wired $ 451.8 million to repay the full loan with interest. "I [...]
PepsiCo rethinks U.S. pricing to attract more everyday buyers (Reuters) – PepsiCo Inc said it is tweaking its drink-pricing strategy in some parts of the United States, as it aims to wean consumers off the habit of buying soda only when it is on sale. The strategy, which PepsiCo refers to as "hybrid everyday value," [...]
Rolls-Royce wins engine order from U.S. lessor CIT LONDON (Reuters) – Britain's Rolls-Royce has won a contract to supply engines to power 23 Airbus aircraft ordered by U.S. leasing company CIT Aerospace, it said on Wednesday. Rolls, the world's second-largest maker of aircraft engines behind U.S. group General Electric , said the deal included Trent [...]
Apple Explains Position On U.S. Taxes As CEO Cook Prepares For Senate … – Forbes Apple Explains Position On U.S. Taxes As CEO Cook Prepares For Senate …ForbesApple Apple released a 17-page position paper on its view of U.S. taxes the day before CEO Tim Cook is set to testify before a Senate committee on [...]
U.S. asks judge to deny S&P’s motion to dismiss fraud lawsuit (Reuters) – The Justice Department on Monday asked a federal judge to deny Standard & Poor's motion to dismiss a government lawsuit against the ratings agency, saying its statements on certain financial products were fraudulent and not mere "puffery". In a $ 5 billion [...]