Business

Stock Futures Advance Ahead Of Payrolls Data

U.S. stock index futures advanced on Friday, putting the S&P 500 on track to halt a five-session losing streak, ahead of a key monthly payrolls report that may influence expectations for when the Federal Reserve will begin to wind...

LA Sues Citi, Wells Fargo Over Discriminatory Mortgage Lending

The city of Los Angeles has filed a lawsuit against Citigroup (C.N) and Wells Fargo (WFC.N), seeking damages for a loss in tax revenue due to discriminatory mortgage lending to the city's minority communities, a court filing showed. In complaints...

Analysis: Deep Discounts Sound Warning For U.S. Retail Profits

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Consumers have feasted on discounts this holiday season, but it means thinner profit margins for retailers from Wal-Mart Stores Inc (WMT.N) to Neiman Marcus, and car makers, a red flag for investors who have ridden a sector rally all...

Solid U.S. Job Gains Expected In November, Fed Seen On Hold

U.S. employers likely maintained a strong pace of hiring in November, but probably not strong enough for the Federal Reserve to start reducing the amount of money it is pumping into economy. Nonfarm payrolls are expected to have increased by...

Total Buys Stake In Papua New Guinea Bloc

France's Total (TOTF.PA) has agreed to buy a stake in InterOil's (IOC.N) Papua New Guinea gas fields, which could include the construction of a liquefied natural gas (LNG) export plant in a deal worth up to $3.6 billion. Total will...

Japan Approves $182 Billion Economic Package, Doubts Remain

Japanese Prime Minister Shinzo Abe's cabinet approved a $182 billion package on Thursday to pull the economy out of deflation, but doubts remain about the impact. The package has a headline value of 18.6 trillion yen ($182 billion), which is...

Toyota Labor Federation To Push For Higher Wages: Media

The Toyota Motor Corp (7203.T) group's labor federation will push for a unified rise in base wages, Japanese media said on Thursday, a major step towards permanent wage increases that will be key to ending Japan's decade and a...

JPMorgan Warns 465,000 Card Users On Data Loss After Cyber Attack

JPMorgan Chase & Co is warning some 465,000 holders of prepaid cash cards issued by the bank that their personal information may have been accessed by hackers who attacked its network in July. The cards were issued for corporations to...

European Shares Stabilize After Sell-Off, Euro Firm Before ECB

European shares looked to be stabilizing after three days of sustained selling on Thursday, as focus turned to the European Central Bank's monthly meeting for any sign it is readying further support measures. Markets were under pressure as persistent speculation...

Ford Launches New Global Mustang To Buoy Brand, Boost Margins

Nearly 50 years after launching its affordable sports car, Ford Motor Co is unveiling a global redesign of the Mustang to try to burnish the U.S. automaker's image and spur sales of its more expensive models. Top Ford executives, including...