Fed wants to put new limits on banks' commodities activities
By MARCY GORDON, AP Business Writer WASHINGTON (AP) — The Federal Reserve wants to put new limits on big banks' activities in physical commodities businesses, with an eye to reducing financial risks from volatile trading and transport of sensitive materials. The Fed's governors are proposing restrictions for banks' holding, transporting and trading of commodities like oil, aluminum and coal. Banks would be required to beef up the capital they hold against potential losses in commodities an..>> view originalYahoo and Facebook slip; Endo and AAR gain ground - Appeal
NEW YORK (AP) — Stocks that moved substantially or traded heavily Friday: Yahoo Inc., down $1.35 to $42.80 An online service is needed to view this article in its entirety. You need an online service to view this article in its entirety. Choose an online service. Current print subscribers Need an account? Create one now. ..>> view originalTwitter Takeover: Google, Salesforce Express Interest In Acquiring Struggling Social Media Giant, Reports Say
Twitter Inc. is inching closer to being sold. According to several media reports Friday — all of which cited unnamed sources — many technology companies, including Google and Salesforce, have expressed interest in acquiring the struggling social media giant.According to the two sources cited by Recode, selling Twitter is likely to fetch at least $30 billion.“I think [a Twitter acquisition] would be a way for a media or technology company to have immediate access to a sizable platform,” Anthony d..>> view originalWells Fargo Sued Over Firings for Missed Account Quotas
Wells Fargo & Co. managers were accused of fueling the creation of bogus accounts in what may be the first lawsuit by fired or demoted employees since the bank was called out by regulators.The lawsuit offers details of how low-level bankers were allegedly pushed to create at least 10 new accounts a day in a sales initiative that has blown up into a scandal and prompted U.S. lawmakers to call for Chief Executive Officer John Stumpf’s resignation. Bankers were “coached” to secretly open fee-gener..>> view originalBig email hack doesn't exactly send the message Yahoo needed
FILE - In this June 5, 2014, file photo, people walk in front of a Yahoo sign at the company's headquarters in Sunnyvale, Calif. Yahoo says the personal information of 500 million accounts have been stolen in a massive security breakdown that represents the latest setback for the beleaguered internet company. The breach disclosed on Thursday, Sept. 22, 2016, dates back to late 2014. Yahoo is blaming the hack on a “state-sponsored actor.” (AP Photo/Marcio Jose Sanchez, File) ..>> view originalFill It With Regular: AAA Finds Millions Of Drivers Waste Money On Premium Gas
Enlarge this image Drivers pass by gas prices that are displayed at Valero and 76 gas stations on Feb. 9, 2015, in San Rafael, Calif. Justin Sullivan/Getty Images hide caption toggle caption Justin Sullivan/Getty Images Drivers pass by gas prices that are displayed at Valero and 76 gas stations on Feb. 9, 2015, in San Rafael, Calif. ..>> view originalHillary's First Presidential Campaign
Hillary Rodham Clinton, wife of Democratic presidential candidate Bill Clinton, speaks to the crowd during a rally at the statehouse in Providence, Rhode Island, in September 1992. During her introduction of her husband on Super Tuesday that year, Tom Brokaw commented on her particularly passionate tone. “Not just an introduction, this is a speech by Mrs. Clinton,” he said. AP Photo>> view originalUPS Uses Drone to Deliver Package to Boston-Area Island
Sept. 23, 2016 4:22 p.m. ET United Parcel Service Inc. UPS -0.42 % said Friday it successfully used a drone to deliver medicine to an island near Boston, jumping into a race with competitors such as Amazon.com Inc. AMZN 0.13 % to test drone delivery inside the U.S. The delivery of an inhaler on Thursday was conducted in partnership with CyPhy Works, a drone maker in which UPS holds a stake. The delivery kicks off a wider test by UPS of using drones for commercial..>> view originalOil slumps 4 percent as no output deal expected for OPEC
NEW YORK Oil prices tumbled 4 percent on Friday on signs Saudi Arabia and arch rival Iran were making little progress in achieving preliminary agreement ahead of talks by major crude exporters next week aimed at freezing production.Also weighing on sentiment was data showing the United States was on track to add the most number of oil rigs in a quarter since the crude price crash began two years ago. Lower equity prices on Wall Street and other world stock markets was another bearish factor. B..>> view originalUS STOCKS-Futures slip after three-day rally as oil dips
* Futures down: Dow 20 pts, S&P 3.75 pts, Nasdaq 7.25 pts By Tanya Agrawal Sept 23 (Reuters) - U.S. stock index futures were slightly lower on Friday as oil prices came off a two-week high, a day after the Nasdaq closed at a record high for the second straight day. * All three major indexes are poised to end the week higher after the S&P 500 index notched its best two-day performance in more than two months on Thursday. The S&P is up 6.5 percent for the year. * Investors have been in risk-on mo..>> view original
Saturday, October 8, 2016
Fed wants to put new limits on banks' commodities activities and other top stories.
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