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CEO reassures Deutsche Bank is 'rock-solid' as shares sink

a shared story    4 minutes ago
FRANKFURT, Germany (AP) -- Deutsche Bank co-CEO John Cryan is reassuring employees and the markets that Germany's largest lender remains "rock-solid" even though its shares have taken a beating.... 



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Goldman CEO eyes more cost cuts amid global growth concerns

a shared story    4 minutes ago
(Reuters) - Goldman Sachs Group Inc's chief executive officer signaled the U.S. bank could cut costs yet again as market turmoil, declining oil prices and concerns about Germany‚Äôs Deutsche Bank AG have cratered the sector's shares this year.  



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On brink of financial collapse, state lawmakers struggle with budget passage

a shared story    364 weeks 1 day 13 hours 10 minutes ago
Lawmakers continued struggling to pass a budget this afternoon after working nearly around the clock to end a three-month impasse that has brought California to the brink of fiscal collapse. An all-night legislative session failed to yield enough Republican votes for the spending plan, as GOP legislators...(more) 



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Italian bank UniCredit earnings drop amid market turmoil

a shared story    2 hours 4 minutes ago
MILAN (AP) -- Italian lender UniCredit says its earnings dropped in the fourth quarter, on a day its shares were being battered amid broad concerns over the country's banking system.... 



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UK media groups lose secrecy challenge on terror trial

a shared story    2 hours 4 minutes ago
LONDON (AP) -- Britain's media have lost a challenge to the unprecedented secrecy in the coverage of the trial of a British law student who had been accused of targeting former Prime Minister Tony Blair or planning a Mumbai-style attack.... 



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Coca-Cola's quarterly sales fall 8 percent hit by strong dollar

a shared story    3 hours 4 minutes ago
(Reuters) - Coca-Cola Co reported an 8 percent fall in quarterly net revenue, as a strong dollar once again reduced the value of sales from outside the United States.  



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Uber offers black cab 'olive branch'

a shared story    3 hours 4 minutes ago
Taxi hailing app Uber attempts to improve its relationship with London's black cabs by letting them use its app for nothing for a year. 




Bikes help commuters get around gas prices

a shared story    396 weeks 21 minutes ago
High gasoline prices are fueling bicycle sales, and on some days Michael Hall's blood pressure. At least three times a week, Hall pedals to his job in Hollywood from his home in northern Glendale, a 25-mile round-trip commute that is faster on two wheels than four. "It's definitely...(more) 



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The Latest: Gold comes off recent high as stocks steady

a shared story    5 hours 4 minutes ago
LONDON (AP) -- The latest on the turmoil afflicting global financial markets (all times local):... 




Obama to release $4 trillion-plus budget for 2017

a shared story    5 hours 4 minutes ago
WASHINGTON (AP) -- President Barack Obama is unveiling his eighth and final budget, a $4 trillion-plus proposal that's freighted with liberal policy initiatives and new and familiar tax hikes - all sent to a dismissive Republican-controlled Congress that simply wants to move on from his presidency.......(more) 




Wholesale prices soar in June; sales are sluggish

a shared story    395 weeks 1 hour 44 minutes ago
The economy showed the depth of its twin problems on Tuesday, slow growth and rising inflation, as the nation wrestled with a teetering financial system, a slumping dollar and rising prices for food and fuel. The Labor Department reported that soaring costs for gasoline and food pushed...(more) 



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World stocks down on growth jitters, Japan dives 5.4 percent

a shared story    6 hours 4 minutes ago
Global markets sank Tuesday, led by a 5.4 percent slide in Tokyo, as renewed jitters about the global economy set off a wave of selling in banking stocks.... 



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