Global concerns may shrink Wall Street's third-quarter estimates

NEW YORK - Slowing growth in emerging markets and currency fluctuations in anticipation of a U.S. interest rate hike may push third-quarter revenue and earnings estimates lower this month.

Recent Business News

Geneva wealth managers pay defrauded investors to settle Madoff case

GENEVA - Five former Geneva wealth managers have paid "substantial compensation" to settle criminal complaints brought by clients whose assets they had invested with U.S. fraudster Bernard Madoff, the Geneva prosecutor's office said on Friday.

Credit Suisse to pay $288 million in damages in Lake Las Vegas refinancing

- A district court judge has asked Credit Suisse Group AG to pay $287.5 million in damages to an affiliate of Highland Capital Management, as part of a long drawn breach of contract case.

Nissan to recall about 300,000 vehicles in U.S. to fix console panel

- Nissan Motor Co Ltd's North America unit said it would recall about 300,000 vehicles in the United States and 28,000 vehicles in Canada to adjust a console panel.

04 Sep 2015

Boeing sticks with 747 production plans despite sales drought

NEW YORK - Boeing Co said on Friday it is sticking to current production plans for its 747 jumbo jet despite a canceled order that left no net new orders for the plane in 20 months.

04 Sep 2015

SEC's Gallagher says will leave his post by October 2

WASHINGTON - U.S. Securities and Exchange Commission Republican member Daniel Gallagher announced on Friday that he will not stay on at the agency past Oct. 2.


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