Top News & Analysis North America

  • BERLIN, Sept 29- Deutsche Bank shares were indicated down 6.2 percent ahead of the opening of the Frankfurt market on Friday, after Germany's largest lender admitted it had an image problem with investors as fresh concerns over its stability emerged. The lurch followed a Bloomberg report on Thursday that a number of hedge funds that clear derivatives trades...

  • The Department of Justice is eyeing maximum impact with a fine for Barclays, Credit Suisse and Deutsche Bank.

  • NEW YORK— Just because Congress has allowed Sept. 11 victims to sue Saudi Arabia over claims it had a role in the terror attacks doesn't mean such a case will ever go before a jury. "The bill really is the worst of both worlds— everything Saudi Arabia complained about and very little of what the plaintiffs thought they were getting," said Stephen Vladeck, a University of...

  • NEW YORK, Sept 30- On a routine check of a surface coal mining facility in rural Alabama early this month, inspector Randall Aldridge first smelled gasoline. Then he saw dead plants and animals along a man-made pond that helps the region manage heavy rain. Aldridge happened upon a leak on the main fuel artery to the U.S. East Coast known as the Colonial Pipeline, in...

  • *Few recent blockbuster deals in Asia, IPO activity down. *Fees in Asia increasingly divided among more banks. But increased competition from Chinese rivals and a dearth of the blockbuster deals it has previously relied on to make money in Asia are putting pressure on global investment banking powerhouses such as Goldman, quarterly Thomson Reuters data shows.

  • HOBOKEN, N.J.— A rush hour commuter train crashed through a barrier at the busy Hoboken station and lurched across the waiting area Thursday morning, killing one person and injuring more than 100 others in a grisly wreck that renewed questions about whether long-delayed automated safety technology could have prevented tragedy. People pulled chunks of...

  • *Elliott's stake comes months after Carl Icahn exited investment. Elliott's broad range of investments across the tech industry are overseen by portfolio manager Jesse Cohn, who also leads its private equity investing arm, Evergreen, based in Menlo Park, California. In June, it partnered with Francisco Partners to acquire Dell Inc's software assets in a deal...

  • CARACAS, Sept 29- Venezuelan President Nicolas Maduro said on Thursday he expects non- OPEC oil-producing countries, like Russia, to support OPEC's efforts to boost oil prices by reducing crude output. "I am very optimistic that major non- OPEC producing countries, such as the Russian Federation, will also take part in this joint effort of OPEC countries."

  • FRANKFURT/ SAN FRANCISCO, Sept 29- A Tesla Motors Inc car operating under Autopilot collided with a bus in northern Germany, but the electric car maker said a collision was unavoidable because the bus swerved into the vehicle's lane. It has been the focus of intense scrutiny since it was revealed in July that a Tesla Model S driver was killed while using the...

  • NEW YORK, Sept 29- CNO Financial Group Inc on Thursday said that two of its subsidiaries were terminating agreements with reinsurer Beechwood Re, after regulators in two states said that many assets managed by Beechwood were not compliant with insurance company guidelines because of exposure to troubled hedge fund manager Platinum Partners.

  • Sept 29- The value of announced mergers and acquisitions worldwide fell 27 percent year-on-year to $753 billion in the third quarter of 2016, as apprehension among corporate executives about overpaying prevented a repeat of last year's deal-making frenzy. "With price-to-earnings multiples at historic highs, deals are more likely to happen when there is...

  • SAN FRANCISCO, Sept 29- In the run-up to its initial public offering, cloud computing company Nutanix scrambled to avoid a situation that has increasingly marred technology IPOs: a price that is below the most recent private funding round. After initially pricing shares at $11 to $13, a range that set the company up for a valuation nosedive, Nutanix on Thursday...

  • Sept 29- Nutanix Inc said on Thursday it sold a more than expected 14.87 million shares priced at $16, valuing the company at more than $2 billion. Its $16 IPO price was above its indicated range of $13 and $15. It is a sign that there's an appetite for a high-growth company that doesn't yet have earnings, "said Kathleen Smith, a principal at Renaissance Capital, which...

  • *Analysts polled by Reuters expected USDA at midday on Friday to show stocks of corn, soybeans and wheat as of Sept. 1 larger than at the same time in 2015.. *USDA on Thursday morning reported export sales of U.S. soybeans in the latest week at 1,692,900 tonnes, topping a range of trade expectations for 1.1 million to 1.3 million. *USDA on Thursday morning said that...

  • WASHINGTON, Sept 29- A Chinese industry group making a rare appearance at a U.S. government hearing sought on Thursday to counter arguments that excess aluminum capacity in China threatened American and global producers and processors of the metal. Appearing at the end of a day of submissions at the U.S. International Trade Commission, the officials argued...

  • WASHINGTON, Sept 29- A Chinese industry group making a rare appearance at a U.S. government hearing sought on Thursday to counter arguments that excess aluminum capacity in China threatened American and global producers and processors of the metal. Appearing at the end of a day of submissions at the U.S. International Trade Commission, the officials argued...

  • FRIDAY, SEPTEMBER 30 DALLAS, United States- Federal Reserve Bank of Dallas President Robert Kaplan participates in a moderated Q&A session before the Stemmons Corridor Business Association 35th Annual Meeting- 1700 GMT. Treasury Secretary Lawrence Summers speak at a seminar, hosted by the Bank of Japan and the Bank of Canada, on financial and price stability-...

  • Few recent blockbuster deals in Asia, IPO activity down. *Fees in Asia increasingly divided among more banks. But increased competition from Chinese rivals and a dearth of the blockbuster deals it has previously relied on to make money in Asia are putting pressure on global investment banking powerhouses such as Goldman, quarterly Thomson Reuters data shows.

  • The latest countries singled out by the U.S. Centers for Disease Control and Prevention are Brunei, Myanmar, Cambodia, Indonesia, Laos, Malaysia, Maldives, Philippines, Thailand, Timor-Leste, and Vietnam. Unlike parts of Central and South America and the Caribbean hit hardest by the recent Zika outbreak, areas of Southeast Asia have had the virus present for many...

  • Sept 29- NXP Semiconductors NV is exploring selling itself to Qualcomm Inc in a deal that could be valued at more than $30 billion, two sources familiar with the matter said on Thursday. An agreement with Qualcomm could be struck in the next two to three months, according to the Wall Street Journal, which first reported news of the talks. Representatives for...