(Reuters) – Australian financial services firm AMP Ltd said on Wednesday net cash outflows for its flagship Australian wealth management business were 30% lower in the March quarter, while the banking unit’s credit quality remained strong. AMP Bank’s loan book grew over the first quarter compared with the previous three months, while lending margins were…
By Kanishka Singh WASHINGTON (Reuters) -The U.S. Justice Department on Tuesday said it had reached a settlement with General Motors Co to resolve the department’s allegation that the automaker discriminated against non-U.S. citizens. Under the terms of the agreement, the Detroit-based company will pay $365,000 in civil penalties to the United States, the Justice Department…
By Brendan O’Brien and Tyler Clifford (Reuters) -An Ohio grand jury voted against indicting eight Akron police officers who fatally shot an unarmed Black man last year, the state attorney general said on Monday, as the city prepared for a fresh round of protests against alleged police misconduct. The officers pursued Jayland Walker, 25, on…
By Arathy Somasekhar HOUSTON (Reuters) – Oil prices were little changed on Tuesday as upbeat economic data in No. 2 oil consumer China offset concerns that possible increases in U.S. interest rates could dampen growth in the top consuming country. Brent crude settled 1 cent, or 0.01%, higher at $84.77 a barrel, while West Texas…
By Dawn Chmielewski and Lisa Richwine (Reuters) – Netflix Inc beat Wall Street earnings estimates for the first quarter but offered a lighter-than-expected forecast on Tuesday, demonstrating the challenges the mature streaming service faces in its pursuit of growth. The company said it shifted a wider launch of a plan to crack down on unsanctioned…
(Reuters) -The Russian-installed head of the Moscow-controlled part of Ukraine’s Donetsk region met Belarusian President Alexander Lukashenko in Minsk on Tuesday and said he had discussed ways of boosting trade. The visit by Denis Pushilin prompted Ukraine to protest about what it called a “blatantly unfriendly act” by Belarus, a close ally of Russia that…
MEXICO CITY (Reuters) -Mexican President Andres Manuel Lopez Obrador on Tuesday accused the Pentagon of spying on his government following leaks in U.S. media, and said he would begin classifying information from the armed forces to protect national security. His comments came several days after the Washington Post reported on apparent tensions between Mexico’s Navy…
By Brendan O’Brien (Reuters) -Five people remained in critical condition on Monday after a weekend shooting at a teenage birthday celebration in rural Alabama that left four dead, hospital authorities said. A total of 28 people were injured in Saturday’s shooting at the Mahogany Masterpiece Dance Studio in Dadeville, a community of 3,200 people about…
By Svea Herbst-Bayliss (Reuters) – Staple Street Capital Group LLC, the small buyout firm that owns Dominion Voting Systems, has scored a $787.5 million windfall after Fox Corp settled a defamation lawsuit brought by the voting machine operator. The New York-based private equity firm stands to earn a return that dwarfs the $38.3 million it…
By Lewis Krauskopf, Sruthi Shankar and Ankika Biswas (Reuters) – The S&P 500 eked out a slim gain on Tuesday after strength in some big technology stocks countered disappointing quarterly reports from Johnson & Johnson and Goldman Sachs as first-quarter earnings season kicked into gear. The Dow and Nasdaq ended with fractional declines on the…
