hollywood

Wells Fargo will pay $190 million to settle customer fraud case

“Wells Fargo reached these agreements consistent with our commitment to customers and in the interest of putting this matter behind us,” the bank said of its settlement with California prosecutors and federal regulators. The Consumer Financial Protection Bureau will receive $100 million of the total penalties – the largest fine ever levied by the agency, which was conceived after the 2008 financial crisis. “Today's action should serve notice to the entire industry that financial incentive programs, if not monitored carefully, carry serious risks that can have serious legal consequences,…

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Wells Fargo will pay $190 million to settle customer fraud case

hollywood

U.S. jobless claims fall as labor market remains strong

The number of Americans filing for unemployment benefits unexpectedly fell last week, pointing to sustained labor market strength even as the pace of job growth is slowing. Despite signs of underlying labor market strength

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U.S. jobless claims fall as labor market remains strong

hollywood

U.S. jobless claims fall as labor market remains strong

The number of Americans filing for unemployment benefits unexpectedly fell last week, pointing to sustained labor market strength even as the pace of job growth is slowing. Despite signs of underlying labor market strength, also corroborated by record high job openings, August's slowdown in job growth, together with sluggish factory and services sector activity could encourage the Federal Reserve to keep interest rates unchanged at its Sept. 20-21 policy meeting. “The labor market

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U.S. jobless claims fall as labor market remains strong

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Porsche CEO seeks U.S. approval of diesel engine fix in January

By Andreas Cremer DETROIT (Reuters) – Porsche is confident it will win approval from U.S. authorities by the end of January for plans to bring its larger diesel models capable of cheating U.S. emissions tests in line with the law, its chief executive said on Tuesday. Proposals submitted …

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Porsche CEO seeks U.S. approval of diesel engine fix in January

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Exclusive: Billionaire Lasry’s junk fund stops voluntary reporting of asset levels

A junk bond fund run by billionaire Marc Lasry's Avenue Capital Management, which has experienced heavy investment losses and investor withdrawals, has stopped voluntarily reporting daily asset figures to the mutual fund industry's top two tracking firms. Research chiefs for Morningstar and Lipper said on Monday they had not received daily asset under management figures from the Avenue Credit Strategies Fund since about mid-December. The fund is not required to report the …

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Exclusive: Billionaire Lasry’s junk fund stops voluntary reporting of asset levels

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Ex-politician John Edwards among lawyers vying for lead role in Volkswagen suit

Edwards, who was a trial lawyer in North Carolina before his political career was felled by a sex scandal, sent a letter to U.S. District Judge Charles Breyer of San Francisco last Friday, asking to be appointed to the powerful plaintiffs' steering committee. “This case has ingredients I've spent my life working on,” Edwards told Reuters in an interview on Monday. The litigation against Volkswagen, he said, requires trial expertise, regulatory know-how and a global perspective.

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Ex-politician John Edwards among lawyers vying for lead role in Volkswagen suit

hollywood

Wanda goes to Hollywood: China tycoon’s firm buys film studio Legendary for $3.5 billion

Chinese conglomerate Dalian Wanda Group has bought U.S. film studio Legendary Entertainment for about $3.5 billion, turning its chairman into a Hollywood movie mogul as China's richest man steps up a drive to diversify his business empire overseas. At a news conference in Beijing on Tuesday, Wanda Chairman Wang Jianlin said he plans to package Legendary, behind hits like “Jurassic World”, with existing movie production assets in China and sell shares in the…

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Wanda goes to Hollywood: China tycoon’s firm buys film studio Legendary for $3.5 billion