WASHINGTON - A top Federal Reserve official on Friday pledged to a Senate investigative subcommittee that the U.S. central bank would broaden its review of gaps in its regulation of the physical commodity operations of U.S. banks.
- Chrysler Group LLC said on Friday it was not satisfied with the speed of repairs of recalled Jeep SUVs that face a heightened fire risk and will enhance dealer communication and owner contact to accelerate the process.
LONDON - British insurer Aviva plc said on Saturday it would compensate around 250 annuity customers who had been short-changed because of an error in its sales process.
WASHINGTON - U.S. regulators expect Internet service providers to sue the government over any changes in the way they are regulated and must reevaluate any proposals to make sure they stand up in court, Federal Communications Commission Chairman Tom Wheeler said at a meeting on Friday.
- South Korea's Samsung Electronics Co Ltd has filed a complaint with the U.S. International Trade Commission seeking to block computer-graphics chips made by Nvidia Corp from the U.S. market, Bloomberg reported.
NEW YORK - A U.S. jury found that a former Longtop Financial Technologies chief financial officer was reckless in making untrue statements or omitting facts about the Chinese technology company, a rare verdict among securities class actions.
NORFOLK Va. - A U.S. judge on Friday accepted Credit Suisse's guilty plea to end a criminal case accusing it of helping wealthy Americans avoid paying taxes, and ordered the bank to pay roughly $1.8 billion in fines and restitution.
NEW YORK - A former McDonald's Corp worker accused and later cleared of putting glass shards in a police officer's hamburger will be paid a $437,000 settlement by the city of New York, authorities said on Friday.
NEW YORK - Regulators' attempts to clarify U.S. leveraged lending guidelines have answered some questions raised by banks, but also added fresh layers of complexity into loan underwriting decisions, banking sources said.
NEW YORK - U.S. regulators should review merchant banking guidelines for all activities, not just in commodities, Federal Reserve Governor Daniel Tarullo said on Friday at a Senate subcommittee hearing on Wall Street's involvement with physical commodities.
- Financial: UPDATE 3-Telecom Italia seals $1 bln masts deal, to examine tie up with Oi
- Technology: UPDATE 1-U.S. court stays FCC order to disclose TV programming contracts
- Healthcare: CORRECTED-FDA approves Purdue's painkiller that can reduce abuse
- Consumer: U.S. judge blocks New Jersey sports betting law
- Energy: RPT-'Immoral, but not illegal': metal warehousing games in the spotlight
- Industrials: U.S. export lender hands over documents to Congress
- M&A: Chinese developer Dalian Wanda plans more than 150 hotels by 2018 - Xinhua
- Bankruptcy: Ex-Dewey execs seek trial delay amid insurance dispute
- IPOs: UPDATE 1-Pakistan picks banks to hold dollar sukuk roadshows, will start Monday
- Private Capital: MOVES-Charles Schwab, LGM Investments, Bank of Cyprus, Morgan Stanley
- Hedge Funds: BlueBay's $1.4 billion hedge fund closure exposes 'key man' risk