When it comes to protecting consumers' money, many in the financial industry are in one of two camps: those in favor of a 'fiduciary rule' or those who back a 'best interest' regulation. Now, some states are poised to wade into the fight by adopting a best interest standard for annuities sales.
Amtrak said Monday it had tapped Atlas Air's chief executive to run the money-losing U.S. passenger railroad that has seen record traffic.
Oil prices rose over 4% on Monday, reversing an early fall to multi-year lows as hopes of a deeper cut in output by OPEC and stimulus from central banks countered worries about damage to demand from the coronavirus outbreak.
The organizers of the Grammy Awards said on Monday they fired the chief executive they had placed on administrative leave in January.
The White House will hold meetings this week with top executives from U.S. airlines and the cruise industry amid the growing coronavirus outbreak, a spokeswoman for Vice President Mike Pence confirmed on Monday.
Novartis' generic drugs unit Sandoz has agreed to pay $195 million to reach a deferred prosecution agreement aimed at resolving antitrust charges, the Justice Department said on Monday.
Britain on Monday unveiled its mandate for trade talks with the United States, with Prime Minister Boris Johnson vowing to drive a hard bargain in negotiations that are set to test the two allies' "special relationship".
Trillium Asset Management LLC has called for the separation of Johnson & Johnson's chairman and chief executive officer roles, currently held by Alex Gorsky, according to a regulatory filing https://www.sec.gov/Archives/edgar/data/200406/000020040620000014/a2020jnjproxy.htm by the healthcare conglomerate on Monday.
Japan's Honda Motor Co Ltd said on Tuesday it will temporarily cut back local production due to difficulty in sourcing parts amid the coronavirus outbreak.
Waymo, the self-driving unit of Alphabet Inc , said on Monday it had raised $2.25 billion in its first external investment round and expects to add more outside investors.
The Dow Jones Industrial Average surged over 5% on Monday while the S&P 500 and Nasdaq each jumped more than 4% in a major rebound following last week's steep sell-off sparked by fears about the coronavirus.
Trillium Asset Management LLC has called for the separation of Johnson & Johnson's chairman and chief executive officer roles, currently held by Alex Gorsky, according to a regulatory filing https://www.sec.gov/Archives/edgar/data/200406/000020040620000014/a2020jnjproxy.htm by the healthcare conglomerate on Monday.
Traders on Monday piled into bets the U.S. Federal Reserve will deliver a big dose of stimulus starting this month amid mounting concern over the economic impact from the coronavirus and indications that global central banks are readying a monetary rescue.
G7 finance ministers and central bank governors will hold a conference call on Tuesday to discuss measures to deal with the widening coronavirus outbreak and its economic impact, a U.S. Treasury spokeswoman said on Monday.
The world's top three central banks look set to take steps to limit the economic damage from the fast-spreading coronavirus, with the heads of the European Central Bank and Bank of Japan issuing emergency statements on Monday that echoed one from U.S. Federal Reserve Chair Jerome Powell late last week.