The departure of a possible Coca-Cola chief executive has put the global chief customer officer in contention to eventually succeed CEO Muhtar Kent.» Read More
Dec 13- The surprise departure of a potential Coca-Cola Co chief executive has put the global chief customer officer in contention to eventually succeed CEO Muhtar Kent.
WASHINGTON, Dec 13- U.S. regulators on Friday said that as long as banks issue sound loans, their strategies for complying with new rules for mortgage lending would not raise supervisory concerns.
WASHINGTON, Dec 9- The Obama administration on Monday urged big U.S. banks to improve how they implement a government anti-foreclosure program, saying more can be done with the federal funds that go toward helping struggling homeowners.
The FDA released documents about the device, called Watchman, ahead of a meeting on Wednesday of outside medical experts who will consider its risks and benefits and then recommend whether the FDA should approve the product for use in patients.
NEW YORK, Dec 6- General Electric Co has agreed to pay as much as $18.25 million to settle a class action lawsuit accusing it of rigging bids for municipal securities, court papers filed on Friday show.
Rising rates, in addition to tighter underwriting and fast-rising home prices, have pushed borrowers away from larger lenders.
Dec 5- The city of Los Angeles has filed a lawsuit against Citigroup and Wells Fargo, seeking damages for a loss in tax revenue due to discriminatory mortgage lending to the city's minority communities, a court filing showed.
Large companies plan their future expecting the government to force them to pay a price for carbon pollution, The New York Times reports.
NEW YORK, Dec 4- The 2014 compensation plan that Merrill Lynch introduced on Wednesday rewards brokers who work in teams and pays them a premium for attracting money from wealthy clients that is put into trusts.
WASHINGTON, Dec 4- A U.S. lawmaker critical of Wall Street is pushing the nation's six largest banks to voluntarily disclose their donations to think tanks, saying that not doing so threatens the credibility and research of these policy groups.
NEW YORK, Dec 4- A recovering economy and cheaper prices at the pump have boosted U.S. gasoline demand in recent months, following five years of decline, a change that some experts say could continue into 2014.. Pump prices on Thursday's Thanksgiving holiday were the lowest in three years, the Energy Information Administration said last week.
ATLANTA-- Aaron's plans to buy back $125 million of its common stock under an accelerated repurchase program. It is scheduled to pay $125 million to Wells Fargo on Wednesday for about 3.5 million shares. Aaron's Inc. said it had about 76.3 million outstanding shares as of Oct. 25.
WASHINGTON-- All 50 states and the District of Columbia have more lax financial disclosure rules for their high court justices than the disclosure requirements for federal judges, according to an analysis from a watchdog group.
NEW YORK, Dec 4- Just a few years ago, Morgan Stanley lacked the expertise, infrastructure or desire to do a lot of lending, but today it is making a big push into loans to bridge a profit gap with rivals.
NEW YORK, Dec 3- Wal-Mart Stores Inc is sticking with Bank of America's Merrill Lynch unit to run its 401 program with $18 billion in assets, Wal-Mart confirmed on Tuesday. The average Wal-Mart employee has about $18,000 in their retirement account, according to BrightScope, which tracks and rates retirement plans.
TORONTO, Dec 3- U.S. retailers looking north in their quest for growth should consider the frosty reception Canada has so far given trendy discounter Target Corp a cautionary tale: what looks like a simple border crossing can easily go wrong.
BOSTON/ WASHINGTON Dec 3- Are proxy advisory firms giving mutual funds too much help with their homework? That question is due for airing at a event in Washington on Thursday focused on the role of proxy advisers like Institutional Shareholder Services and Glass, Lewis& Co. that help funds decide how to vote at corporate annual meetings.
NEW YORK, Dec 2- Wells Fargo& Co said Monday that a U.S. government request to add one of its executives as a defendant in a fraud case may be in retaliation for the bank's decision to cut off settlement talks.
To compete with each other and powerhouse Amazon.com Inc, many U.S. retailers began offering some of the season's best online deals, which were traditionally reserved for the Monday after Thanksgiving, several days ago.
Hilton said its IPO would raise up to $2.37 billion, in what would be the biggest-ever hotel IPO and perhaps the second-biggest IPO of the year.