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Philadelphia sues seven big banks, alleges municipal bond collusion

3 hours ago DieselGasoil Comments Off on Philadelphia sues seven big banks, alleges municipal bond collusion
NEW YORK (Reuters) – The city of Philadelphia has filed an antitrust lawsuit accusing seven major banks of conspiring to inflate interest rates for a type of bond used by cities, towns and other public entities, costing them potentially billions of dollars. FILE PHOTO: The Citigroup Inc (Citi) logo is seen at the SIBOS banking Read More

Charlie Munger targets active managers, Elon Musk; praises China

7 days ago DieselGasoil Comments Off on Charlie Munger targets active managers, Elon Musk; praises China
(Reuters) – Charlie Munger, the longtime business partner of Warren Buffett at Berkshire Hathaway Inc, on Thursday criticized active fund managers, bankers and even Elon Musk as he urged investors to court simplicity and temper expectations for future returns. FILE PHOTO: Charlie Munger, vice chairman of Berkshire Hathaway Inc arrives at the company’s annual meeting Read More

Venezuelan opposition could soon take over Citgo

1 week ago DieselGasoil Comments Off on Venezuelan opposition could soon take over Citgo
The Venezuelan opposition led by Juan Guaido could soon become the owner of PDVSA’s US Refining business, Citgo, in what would only deepen the chaos surrounding the country’s state oil company. Guaido declared himself interim president and appointed an interim government in anticipation for new elections after he decried incumbent Nicolas Maduro’s second victory earlier Read More

Wells Fargo's 2019 net interest income dependent on loan growth, deposits: CFO

1 week ago DieselGasoil Comments Off on Wells Fargo's 2019 net interest income dependent on loan growth, deposits: CFO
A Wells Fargo logo is seen in New York City, U.S. January 10, 2017. REUTERS/Stephanie Keith NEW YORK (Reuters) – Wells Fargo & Co expects its net interest income, a key measure of bank profitability, to be up or down 2 percent for the year in 2019, depending on deposit pricing and loan growth. Chief Read More

Wall Street slides on renewed U.S.-China trade fears

2 weeks ago DieselGasoil Comments Off on Wall Street slides on renewed U.S.-China trade fears
NEW YORK (Reuters) – Wall Street stocks sank on Thursday as worries that the United States and China would not be able to reach a trade deal increased concerns about slowing global economic growth. FILE PHOTO: Traders work on the floor of the New York Stock Exchange (NYSE) in New York, U.S., January 28, 2019. Read More

Deep freeze grips U.S. Midwest, blamed for at least 12 deaths

3 weeks ago DieselGasoil Comments Off on Deep freeze grips U.S. Midwest, blamed for at least 12 deaths
CHICAGO (Reuters) – A blast of icy polar air brought dangerously low temperatures to the U.S. Midwest on Wednesday, causing at least three more deaths while halting mail delivery and forcing residents who pride themselves on their winter hardiness to huddle indoors. Classes were canceled for Wednesday and Thursday for students across the Midwest, including Read More

Deep freeze grips U.S. Midwest, blamed for at least eight deaths

3 weeks ago DieselGasoil Comments Off on Deep freeze grips U.S. Midwest, blamed for at least eight deaths
CHICAGO (Reuters) – A blast of icy polar air brought dangerously low temperatures to the U.S. Midwest on Wednesday, causing at least three more deaths while halting the mail and forcing residents who pride themselves on their winter hardiness to huddle indoors. Classes were canceled for Wednesday and Thursday for students across the Midwest, including Read More

U.S. Midwest gripped by deep freeze blamed for several deaths

3 weeks ago DieselGasoil Comments Off on U.S. Midwest gripped by deep freeze blamed for several deaths
CHICAGO (Reuters) – A blast of polar air brought dangerously low temperatures to much of the U.S. Midwest, causing three more deaths on Wednesday, while halting the mail and forcing residents who pride themselves on their winter hardiness to huddle indoors. Classes were canceled for Wednesday and Thursday in many cities, including Chicago, home of Read More

Colder than the South Pole: U.S. Midwest gripped by deep freeze

3 weeks ago DieselGasoil Comments Off on Colder than the South Pole: U.S. Midwest gripped by deep freeze
CHICAGO (Reuters) – A blast of polar air brought record-low temperatures to much of the U.S. Midwest on Wednesday, canceling trash pick-ups, halting the mail and forcing residents who pride themselves on their winter hardiness to huddle indoors. Classes were canceled for Wednesday and Thursday in many cities, including Chicago, home of the nation’s third-largest Read More

Polar vortex makes U.S. Midwest colder than South Pole

3 weeks ago DieselGasoil Comments Off on Polar vortex makes U.S. Midwest colder than South Pole
CHICAGO (Reuters) – A torrent of polar air brought record-low temperatures to much of the U.S. Midwest on Wednesday, making conditions so unbearable that trash haulers stopped making pickups and mail carriers suspended deliveries. Classes were canceled for Wednesday and Thursday in many cities, including Chicago, home of the nation’s third-largest school system, and police Read More