Category Archives: business

RBS says it barely passed EU stress test, admits error

By Matt Scuffham By Matt Scuffham LONDON (NEWS.GNOM.ES) – Royal Bank of Scotland said it only marginally passed a stress test last month by European regulators after admitting to an error in data it submitted, calling into question if it can pass a tougher test by British regulators. Continue reading

ECB drops Citi from FX contact group

By Eva Taylor and Jamie McGeever By Eva Taylor and Jamie McGeever FRANKFURT (NEWS.GNOM.ES) – The European Central Bank has dropped Citigroup from its experts’ working group on foreign exchange, days after the U.S. Continue reading

Fed to issue rules notice on banks and commodities in early 2015

WASHINGTON (NEWS.GNOM.ES) – The Federal Reserve will issue in the first quarter of next year a formal notice of rules it has been reviewing for financial holding companies and their activities in the physical commodities markets, a top official with the U.S. central bank said on Friday Continue reading

Global M&A deals cross $3 trillion for first time since 2007

(NEWS.GNOM.ES) – Mergers and acquisition deals announced so far this year have topped $3 trillion, the highest since 2007, helped by mega deals in the healthcare, energy and power sectors. Continue reading

Dow Chemical, Loeb’s Third Point settle board debate

(NEWS.GNOM.ES) – Dow Chemical Co said it would add four independent directors to its board as part of an agreement with Daniel Loeb’s hedge fund, Third Point LLC, avoiding a proxy battle. Shares of the largest U.S Continue reading

Toyota Lexus to recall some 2006-2011 models due to fuel leak

DETROIT (NEWS.GNOM.ES) – Toyota Motor Corp will recall 422,509 of its luxury brand Lexus vehicles in the United States because of a possible fuel leak that increases the risk of fire, U.S. regulators said on Friday Continue reading

Photos: Ferguson Awaits Grand Jury Decision

1 of 12 Police officers and demonstrators clash during a protest Thursday night outside the Ferguson police station in Ferguson, Mo. Continue reading

Obama’s Immigration Actions Bring Relief for College Students

Among the millions of undocumented immigrants shielded by actions President Barack Obama announced Thursday night are college students, who now may be able to apply for cheaper tuition and aid in some states and have a chance to remain in the country longer after graduating. Continue reading

Weary of the market rollercoaster, investors turn again to steady stocks

By Francesco Canepa By Francesco Canepa LONDON (NEWS.GNOM.ES) – The big story of recent stock market investment has been volatility, and the opportunities that sharp price swings can bring for those with strong nerves. But good news is emerging now for those who prefer safer strategies: some of the best returns this year have come from stable stocks like billionaire Warren Buffett’s holding company Berkshire Hathaway or Swiss toilet maker Geberit . Continue reading

TV streaming service Aereo files for bankruptcy

(NEWS.GNOM.ES) – Television streaming service Aereo Inc filed for bankruptcy protection after a U.S. Supreme Court ruled in June that the company’s business model violated copyright laws. Aereo, in which Barry Diller’s IAC/InterActiveCorp has a 23.30 percent stake, said in a Chapter 11 filing late on Thursday said it would sell its assets or reorganize. Continue reading