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Fire damage at Exxon's second largest U.S. refinery leaves restart uncertain: sources

Exxon Mobil Corp does not have a timeline for restarting fuel-producing units at its second-largest U.S. refinery following a fire Wednesday that cut production, sources said, as the shutdown boosted gasoline prices on Thursday.



4 years ago

HSBC Canada Breaks from Big Six Banks in Call to Encourage Fintechs

The Logic |By Zane Schwartz | Feb 12, 2020 While Canada’s Big Six banks urge caution about the introduction of open banking, the Canadian subsidiary of U.K.-based multinational HSBC wants the federal government to require banks to share information with the fintechs trying to compete with them. In a February 2019 submission to the finance

4 years ago

This old-school scam has jumped 65% since 2015 and costs consumers millions

Scammers use fake checks to dupe even skeptical consumers by exploiting how quickly funds are credited to bank accounts.

4 years ago

JPMorgan gives fintechs July deadline to sign new data deals: sources

JPMorgan Chase & Co has told financial technology companies that they will be barred from accessing its customer information by July 30 if they do not sign data access agreements with the bank and agree to a plan to stop using customer passwords to gather the data.



4 years ago

They worked at a Catholic hospital for decades. Then it took away their pension

A loophole in federal retirement law means workers at nonprofits associated with churches are at risk of losing their pensions.

4 years ago

U.S. files superseding indictment against Huawei Technologies, CFO Meng

The U.S. government on Thursday filed a superseding indictment against the Chinese smartphone maker Huawei Technologies Co and its Chief Financial Officer Meng Wanzhou.



4 years ago

Trump Fed nominee Shelton apologises for likening currency forger to Rosa Parks

Federal Reserve board nominee Judy Shelton on Thursday apologised for having likened a convicted currency counterfeiter to U.S. civil rights icon Rosa Parks in an unusual exchange with a lawmaker weighing her appointment to the central bank.



4 years ago

Trump Fed nominee Shelton hits bipartisan skepticism in Senate hearing

Federal Reserve board nominee Judy Shelton faced deep skepticism from Republicans and Democrats on the Senate Banking Committee on Thursday, as lawmakers challenged her independence from President Donald Trump and characterized her thinking as too far outside the mainstream to trust with the nation's economy.



4 years ago

U.S. judge orders temporary halt to Microsoft's work on Pentagon's JEDI contract

A U.S. judge on Thursday granted Amazon.com Inc's request for a preliminary injunction to pause the U.S. Department of Defense and Microsoft Corp from moving forward on an up-to-$10 billion cloud computing deal.



4 years ago

Emerson says it will not pursue a break-up following review

Emerson Electric Co told investors on Thursday it would not pursue a break-up following a review it launched last year that examined whether it should separate its industrial automation operations from its air-conditioning business.



4 years ago

S&P 500, Nasdaq turn positive amid mixed coronavirus news

The S&P 500 reversed its losses on Thursday as investors weighed mixed news on the coronavirus and a spate of corporate earnings.



4 years ago

Here are the winners and losers of the Trump tax cuts

Here's who won and lost after the 2018 tax overhaul and how to determine which camp you're in. If you're judging it by the size of your refund, you're doing it wrong.

4 years ago

U.S. adds new charges to its case against Huawei

The U.S. government on Thursday added fresh charges to its case against Chinese smartphone maker Huawei Technologies Co that has angered China and hurt U.S.-Chinese diplomatic relations.



4 years ago

Trump Fed nominee Shelton apologizes for likening currency forger to Rosa Parks

Federal Reserve board nominee Judy Shelton on Thursday apologized for having likened a convicted currency counterfeiter to U.S. civil rights icon Rosa Parks in an unusual exchange with a lawmaker weighing her appointment to the central bank.



4 years ago

Tesla shares rise, reversing early losses following $2 billion stock offering

Tesla will offer $2 billion of common stock, with CEO Elon Musk and board member Larry Ellison each buying shares.

4 years ago