Square IPO set to price Wednesday in highly watched deal

Square IPO set to price Wednesday in highly watched deal

02/27 03:01 Anonymous 0

SAN FRANCISCO (Reuters) - Mobile payments company Square Inc (SQ.N) is set to price shares for its initial public offering late Wednesday in what is expected to be a harbinger for how other highly valued tech companies are received in their public debuts.

Barclays to pay $150 million more to New York regulator in forex probe

Barclays to pay $150 million more to New York regulator in forex probe

02/26 19:42 Anonymous 0

(Reuters) - Barclays Plc will pay an additional $150 million to New York State’s financial regulator to resolve allegations that it rigged foreign exchange trading by putting the bank’s interests ahead of those of its clients, the regulator said on Wednesday.The British bank is also removing a head of global electronic trading for foreign exchange-related misconduct, the New York Department of Financial Services (NYDFS) said.

U.S. stocks lose gains after German bomb scare; oil drops

U.S. stocks lose gains after German bomb scare; oil drops

02/26 19:13 Anonymous 0

shares ceded gains on Tuesday after a soccer match in Germany was called off over fears of a planned bomb attack, while prices of longer-dated U.6 percent, as Germany’s United Internet and Dutch-based Randstad, the world’s second-biggest staffing company, posted encouraging results.

White House threatens veto of rule-based monetary policy bill

White House threatens veto of rule-based monetary policy bill

02/26 18:06 Anonymous 0

WASHINGTON (Reuters) - The White House on Tuesday issued a veto threat for a Republican-backed bill to make the Federal Reserve set interest rate policy using a mathematical rule, a proposal Fed Chair Janet Yellen said would “severely damage” the U.The Obama administration opposes the proposal because it would hinder the Fed’s ability to help the economy, the White House said in a statement.

GE, Textron team up to make new turboprop engine, aircraft

GE, Textron team up to make new turboprop engine, aircraft

02/24 00:32 Anonymous 0

LAS VEGAS (Reuters) - GE Aviation said on Monday it had teamed up with Textron Aviation to produce an all-new turboprop aircraft and engine for the general aviation market, part of an effort GE expects will generate up to $1 billion in annual sales of engines by around 2020.N), said its so-called advanced turboprop engine takes aim at a widely used engine by United Technologies (UTX.

Jury finds Ernst & Young liable over investor's Madoff losses

Jury finds Ernst & Young liable over investor's Madoff losses

02/22 12:08 Anonymous 0

(Reuters) - Ernst & Young LLP was found liable on Friday by a Washington state jury for the losses of an investment firm from the collapse in 2008 of fraudster Bernard Madoff’s multibillion dollar Ponzi scheme.A jury in Seattle sided with FutureSelect Portfolio Management Inc in finding the auditing firm was negligent in its work for funds that funneled money to Madoff.

Amazon may export delivery lessons from India to cut costs abroad

Amazon may export delivery lessons from India to cut costs abroad

02/21 15:57 Anonymous 0

But, like local rivals Flipkart and Snapdeal, Amazon has struggled with deliveries in cities where snarl-ups are frequent and road signs unreliable.More than two years on from its arrival in India, Amazon says it is now ready to apply some of the innovations applied here to markets including the United States, Mexico and Brazil.

Amazon debuts in Thomson Reuters 2015 top 100 innovators list

Amazon debuts in Thomson Reuters 2015 top 100 innovators list

02/21 06:22 Anonymous 0

O) made its debut in the 2015 Thomson Reuters Top 100 global innovators list, leaving International Business Machines Corp (IBM.Amazon joins the innovators list for the first time for innovations in data centers, devices, electronic methods and systems, according to its latest report.