Exclusive-U.S. officials assessing possible ‘manipulation’ on banking shares -source
By Chris Prentice, Trevor Hunnicutt and Andrea Shalal NEW YORK (Reuters) – U.S. federal and state officials are assessing whether…
Economy
Kellogg buys key ingredient from conflict-ridden Sudan but sees no shortage now -CEO
By Jessica DiNapoli NEW YORK (Reuters) -Kellogg Co has a stable reserve of a key ingredient used in its Pop…
Downer faces second class action lawsuit over breach of contract disclosures
(Reuters) – Australia’s Downer EDI said on Friday it was served with a second class action lawsuit by certain shareholders…
U.S. bankers urge SEC to probe short sales, reduce ‘abusive’ trading
By Andrea Shalal WASHINGTON (Reuters) -The American Bankers Association on Thursday urged federal regulators to investigate a spate of significant…
Australia central bank frets over upside risks to inflation as it warns on rates
SYDNEY, May 5 (Reuters) – Australia’s central bank on Friday warned that risks to inflation were on the upside given…
Macquarie posts record profits on higher income from commodities arm
By Praveen Menon and Roushni Nair (Reuters) -Australia’s Macquarie Group on Friday forecast higher short-term income from its lucrative commodities…
How a US debt crisis standoff could cause a recession – a bad one
By Ann Saphir and Dan Burns WASHINGTON – A fight between Republicans and Democrats over the debt limit ceiling could…
Greens sue California over changes to rooftop solar incentives
By Clark Mindock (Reuters) -Environmental groups have sued California regulators over new rules they say will discourage the growth of…
Hollywood insiders predict writers strike to drag on through summer
By Dawn Chmielewski and Lisa Richwine LOS ANGELES (Reuters) – The Hollywood writers’ strike that kicked off this week could…
Wall Street ends down as PacWest fuels fears of deeper bank crisis
By Noel Randewich and Ankika Biswas (Reuters) – Wall Street ended lower on Thursday after PacWest’s move to explore strategic…