 | | | | The U.S. Federal Reserve will curb big bank capital distributions through the end of the year, meaning the likes of JPMorgan Chase & Co, Citigroup Inc., Wells Fargo & Co and Bank of America Corp.will be barred from share buy backs and will have to cap dividends. | | | | | | Goldman Sachs Group Inc is embarking on a plan to cut about 400 jobs, or about 1% of its workforce, Bloomberg News reported on Wednesday, citing people familiar with the matter. | | | | | | Former United Auto Workers President Dennis Williams on Wednesday pleaded guilty to trying to embezzle union funds that prosecutors said he spent on Palm Springs vacations, golf, liquor and cigars. | | | | | | NextEra Energy Inc Chief Executive James Robo said on Wednesday that the largest U.S. power utility would not embark on a hostile takeover, a day after reports surfaced it had made an approach to Duke Energy Corp in what would be the sector's biggest-ever acquisition. | | | | | | Global equity markets rose and safe-haven assets including the dollar were mixed on Wednesday as investors weighed a rising number of COVID-19 cases and a chaotic U.S. presidential debate against better-than-expected U.S. private jobs data on the last day of a turbulent quarter. | | | | | | U.S. stocks closed solidly higher on Wednesday as government leaders continued talks for a new pandemic relief package and positive economic data helped the major indexes end the third quarter in positive territory. | | | | | | HP Inc agreed to pay a $6 million fine to settle U.S. Securities and Exchange Commission charges it misled investors by failing to disclose the impact of sales practices it used to meet quarterly sales and earnings targets, the regulator said on Wednesday. | | | | | | A member of the U.S. Federal Communications Commission on Wednesday called for new scrutiny of undersea cables that transmit nearly all the world's internet data traffic. | | | | | | U.S. stocks are set to close out another quarter with sharp gains on Wednesday, but investors could remain wary with the upcoming U.S. presidential election and mounting coronavirus cases. | | | | | | Marathon Petroleum Corp's oil-refining unit is cutting at least 6% of its staff, according to people familiar with the matter, demonstrating the depth of declining fuel demand during the pandemic. | | | | | |
