WASHINGTON (Reuters) - Two Senate Democrats said they will propose on Wednesday placing new limits on proprietary trading by banks and nonbank financial firms, widening the 'Volcker rule' backed by the White House.
Senators Jeff Merkley and Carl Levin said in a statement they will hold a news conference on legislation ...More
NEW YORK (Reuters) - The shares of companies bailed out by the U.S. government during the financial crisis surged on Tuesday, fueled by speculation about money-making asset sales, cheap valuations and a recovery.
Citigroup Inc <C.N> stock rose as much as 8.4 percent after a prominent fund manager ...More
DETROIT (Reuters) - Toyota said on Tuesday it would fix all Tundra pickups sold in the United States for the 2000 to 2003 model years to address a risk that part of the truck's frame could corrode, causing spare tires or even the gas tank to drop to the road ...More
NEW YORK (Reuters) - U.S. consumer, financial and technology companies slashed bonuses for their chief executives by more than half in 2009, a leading firm that tracks pay data said on Tuesday, as companies moved to more closely tie executive pay to performance.
Equilar, which examines compensation practices, said preliminary ...More
NEW YORK (Reuters) - A former stock loan trader at Morgan Stanley and Bank of America Corp in New York received well over $100,000 of cash kickbacks by steering orders to other brokerage firms, the U.S. Securities and Exchange Commission said in a lawsuit filed on Tuesday.
In a ...More
WASHINGTON (Reuters) - The U.S. State Department said on Tuesday it would delay action on any new export license requests by BAE Systems Plc <BAES.L> after the British military contractor pleaded guilty to violating several U.S. laws.
BAE pleaded guilty on March 1 to conspiring to make false ...More
DETROIT (Reuters) - Toyota Motor Corp <7203.T> <TM.N> has asked a Michigan appeals court to intervene to keep its top two U.S. executives from being grilled by lawyers for the family of a woman killed while driving a Camry in 2008.
The appeal was filed late Monday after ...More
NEW YORK (Reuters) - A coalition of cable and satellite companies will this week call on the U.S. Federal Communications Commission to create a new process to resolve increasingly bitter disputes over carriage fees paid to broadcasters.
The group, which includes rival TV distributors such as Time Warner Cable Inc ...More
WASHINGTON (Reuters) - The U.S. Securities and Exchange Commission's chief economist, James Overdahl, will be leaving at the end of the month, he said on Tuesday.
Overdahl, who was in charge of the SEC's office of economic analysis before it was merged with another office, will be joining ...More
NEW YORK (Reuters) - British bank Barclays Plc <BARC.L> is looking to buy a retail bank in the United States to extend its presence after buying Lehman Brothers North American operations in 2008, the Wall Street Journal reported on Tuesday, citing people close to the matter.
According to the report ...More
