Reuters - Business Today

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Monday, April 10, 2017

Futures flat as first-quarter earnings season approaches

(Reuters) - U.S. stock index futures were little changed on Monday as investors awaited earnings from big banks later in the week, kicking off the first-quarter earnings season.

'Best banker in America' blamed for Wells Fargo sales scandal

(Reuters) - An out-of-control sales culture, a defensive boss obsessed with stamping out negative views about her division and a group chief executive who called her "the best banker in America" were to blame for Wells Fargo & Co's devastating sales scandal, an internal investigation found.

AT&T to buy Straight Path Communications for $1.25 billion

(Reuters) - U.S. wireless carrier AT&T Inc said on Monday it would buy Straight Path Communications Inc , a holder of licenses to wireless spectrum, for $1.25 billion.

Geopolitics from France to Korea keep investors cautious

LONDON (Reuters) - Muted trading volumes across many financial assets on Monday and the dollar rising to a three-week high underscored investor caution against making big bets in the face of geopolitical tensions in the Middle East and the Korean peninsula.

Oil surplus or scarcity? Shale makes it even harder to predict

LONDON (Reuters) - The shale oil boom has transformed the U.S. and global energy sector to such an extent that it has upended traditional supply dynamics and made forecasts far more polarized.

Barclays reprimands chief executive for trying to identify whistleblower

LONDON (Reuters) - Barclays has reprimanded Chief Executive Jes Staley and will cut his bonus for attempting to uncover a whistleblower's identity, the British bank said on Monday, dealing a blow to a man who has been in the role little over 15 months.

Volvo Cars concerned about possible U.S. import tax

CHARLESTON, S.C. (Reuters) - Volvo Cars would suffer if the United States enacts taxes on imported goods, even as the company prepares to hire up to 4,000 workers for a new plant in South Carolina, the head of its North American operations said.

Hedge fund wants to unify BHP's corporate structure, split off U.S. oil

SYDNEY (Reuters) - Hedge fund manager Elliott Advisors said on Monday it had sent a letter to BHP Billiton directors outlining a plan to unlock value by scrapping the mining giant's dual- corporate structure, demerging its oil business and rejigging its capital return policy.

Banks scramble to fix old systems as IT 'cowboys' ride into sunset

NEW YORK (Reuters) - Bill Hinshaw is not a typical 75-year-old. He divides his time between his family – he has 32 grandchildren and great-grandchildren – and helping U.S. companies avert crippling computer meltdowns.

Toyota makes $1.33 billion investment in Kentucky plant

(Reuters) - Japanese automaker Toyota Motor Corp said it is spending $1.33 billion in its Kentucky plant as part of a plan to invest $10 billion in the United States over the next five years.