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BofA expects investment banking fees to grow 10% to 15% in 3Q

NEW YORK (Reuters) -Bank of America expects investment banking fees to increase 10% to 15% in the third quarter from a year earlier, Chief Financial Officer Alastair Borthwick said on Monday. Trading revenue from the markets division is projected to rise by a mid-single digit ...
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FAA has not made any decision on Boeing 737 MAX production cap

By David Shepardson WASHINGTON (Reuters) – The head of the Federal Aviation Administration said on Monday the agency had not made any decisions on whether to lift the 38 planes per month 737 MAX production plan in place since early 2024, ...
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Polestar 5 debuts in Munich, but will skip China and US

STOCKHOLM (Reuters) -Swedish automaker Polestar unveiled its grand tourer (GT) sports car, the Polestar 5, at the Munich auto show on Monday, but said it won’t sell the model initially in the United States and China. A flurry of automakers showcased new models at the ...
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Exclusive-Starboard nominates four to BILL Holdings board, including partner Peter Feld, sources say

By Svea Herbst-Bayliss NEW YORK (Reuters) -Starboard Value has nominated four directors, including one of its partners, to the board of BILL Holdings, said two people familiar with the matter, as the activist investor pushes the financial automation software company to improve shareholder returns. Starboard, with ...
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Judge reviews $1.5B Anthropic settlement proposal with authors over pirated books for AI training

SAN FRANCISCO (AP) — A federal judge has begun reviewing a landmark class-action settlement agreement between the artificial intelligence company Anthropic and book authors who say the company took pirated copies of their works to train its chatbot. The company has agreed to pay authors ...
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New York Fashion Week opens this week amid fragmented luxury backdrop

By Alicia Powell (Reuters) -Established apparel brands including Coach , Michael Kors , and Calvin Klein will hit the runway alongside emerging labels at the New York Fashion Week (NYFW), which kicks off on September 11.  Yet, the event’s unity is being tested as some ...
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Instant View: French government loses no-confidence vote in parliament

LONDON (Reuters) -French Prime Minister Francois Bayrou lost a confidence vote on Monday, plunging the euro zone’s second largest economy deeper into political crisis. The euro showed little initial reaction, showing a 0.13% daily rise to trade at $1.1735, down from an earlier high ...
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Why is it hard to find a job right now? Experts weigh in

(NEW YORK) -- Employers in nearly every industry have cut back on hiring, according to the latest data, leaving job seekers with fewer places to turn.A recent jobs report extended a lackluster run of labor data that stretches back to the beginning of the ...
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Monte dei Paschi secures 62% of Mediobanca, paving way for CEO Nagel’s exit

MILAN (Reuters) -Monte dei Paschi di Siena has secured 62% of Mediobanca, bourse data showed on Monday, paving the way for a shake-up at the helm of the bid target where long-standing CEO Alberto Nagel is preparing to step down. Reuters reported last week Nagel ...
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Ferrari chair John Elkann to do a year of community service to settle tax fraud case

By Emilio Parodi MILAN (Reuters) – Stellantis and Ferrari Chairman John Elkann has agreed to do a year of community service and pay a negotiated sum to settle a tax dispute over the inheritance of his grandmother, Italian prosecutors said on ...
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Glencore’s former head of recycling launches critical minerals processing firm

By Ernest Scheyder (Reuters) -The former head of Glencore’s recycling business is launching a U.S.-based metals processing company with the goal of lowering the cost and time to refine copper and other critical minerals. The move comes amid increased pressure on industry from Washington and other ...
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US bank regulator issues guidelines to avert ‘debanking’

WASHINGTON (Reuters) -A top U.S. banking regulator said Monday it was rolling out new guidance to discourage banks from cutting off, or “debanking”, customers on political and religious grounds, a month after President Donald Trump directed oversight agencies to scrutinize banks for political bias. The ...
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