FCC chief plans to ditch U.S. ‘net neutrality’ rules

FCC chief plans to ditch U.S. ‘net neutrality’ rules

WASHINGTON (Reuters) – The head of the U.S. Federal Communications Commission unveiled plans on Tuesday to repeal landmark 2015 rules that prohibited internet service providers from impeding consumer access to web content in a move that promises to recast the digital landscape. FCC chief Ajit Pai, a Republican appointed by President Donald Trump in January, […]

Wall Street ticks up, lifted by Verizon, chipmakers

Wall Street ticks up, lifted by Verizon, chipmakers

NEW YORK (Reuters) – U.S. stocks rose on Monday, with Verizon boosting the telecoms sector after the stock got an upgrade, while a deal in semiconductors lifted high-performing tech shares. Traders work on the floor of the New York Stock Exchange (NYSE) in New York, U.S., November 20, 2017. REUTERS/Brendan McDermid With no major earnings […]

Global banks flag concerns over U.S. Senate tax proposal

Global banks flag concerns over U.S. Senate tax proposal

WASHINGTON (Reuters) – Global banks raised concerns on Friday over a provision in the U.S. Senate tax bill aimed at cracking down on tax avoidance by multinational corporations that they said could hurt the banking industry. Copies of tax legislation are seen during a markup on the “Tax Cuts and Jobs Act” on Capitol Hill […]

‘No fireworks’ at NAFTA talks, but few signs of progress: source

‘No fireworks’ at NAFTA talks, but few signs of progress: source

MEXICO CITY (Reuters) – Negotiators at high stakes talks to update NAFTA have so far kept their tempers but are not making much progress on tough U.S. demands that could sink the 1994 trade pact, a well-placed source said on Saturday. A NAFTA banner is seen during the fifth round of NAFTA talks involving the […]

China sets sweeping new rules to regulate $15 trillion asset management products

China sets sweeping new rules to regulate $15 trillion asset management products

BEIJING (Reuters) – China’s central bank on Friday issued sweeping guidelines to tighten rules on asset management business, the latest step by Beijing to fend off systemic risks in the country’s rampantly growing shadow banking sector. FILE PHOTO: A Chinese national flag flutters outside the headquarters of the People’s Bank of China, the Chinese central […]

Barnes & Noble says investor’s plan to take it private not ‘bona fide’

Barnes & Noble says investor’s plan to take it private not ‘bona fide’

(Reuters) – Barnes & Noble Inc (BKS.N) said on Thursday a deal proposed by an activist investor to take the bookstore chain private was not “bona fide” as its chairman and founder, Leonard Riggio, would not participate and raising the required funds was highly unlikely. The exterior of a Barnes & Noble Booksellers store is […]

Trian’s Peltz wins proxy fight against P&G, gets board seat

Trian’s Peltz wins proxy fight against P&G, gets board seat

(Reuters) – Activist hedge fund Trian’s Nelson Peltz has won a proxy fight with Procter & Gamble Co and has been appointed to the company’s board. File photo: Nelson Peltz speak at the WSJD Live conference in Laguna Beach, California October 25, 2016. REUTERS/Mike Blake Peltz won by 43,000 votes in a recount, a source […]

GE, energy shares drag Wall Street lower; bond proxies rise

GE, energy shares drag Wall Street lower; bond proxies rise

NEW YORK (Reuters) – U.S. stock indexes fell on Tuesday as General Electric shares plunged for a second straight day and a drop in crude oil prices hit energy stocks. Traders work on the floor of the New York Stock Exchange (NYSE) in New York, U.S., November 8, 2017. REUTERS/Brendan McDermid GE fell 5.9 percent […]

Wall Street ticks up as dividend payers rise, GE slashes payout

Wall Street ticks up as dividend payers rise, GE slashes payout

NEW YORK (Reuters) – U.S. stock indexes rose on Monday as a sharp drop in General Electric shares was more than offset by gains in high dividend-paying sectors including consumer staples and utilities. Traders work on the floor of the New York Stock Exchange (NYSE) in New York, U.S., November 8, 2017. REUTERS/Brendan McDermid General […]

Proposed changes to frequent-flyer programmes may be bad news for budget travellers

Proposed changes to frequent-flyer programmes may be bad news for budget travellers

ALONGSIDE Eurocrats, straight bananas and anyone who opposes Brexit, Britain’s tabloid press has found something new to hate this year: British Airways (BA). Britain’s flag carrier has been criticised for cutting legroom in economy, axeing free food and drink on short-haul flights and—horror of horror—the amuse bouche that used to be served before dinner in […]