Swisher: Brick & mortar stores battling the trend Re/code's Kara Swisher, discusses the ease of shopping online and via mobile this Black Friday, and the impact to brick and mortar shops. Swisher also weighs in on a new lawsuit against Sumner Redstone.
Brazil dam disaster shows flaws in decrepit mining regulator BELO HORIZONTE/ BRASILIA, Nov 27- With leaking windows, moldy walls and piles of paper where you might expect computers, the office of Brazil's National Department of Mineral Production speaks volumes about the regulation of the country's mining industry. Understaffed and underfunded because of long-delayed changes to Brazil's mining laws, the agency is now...
| By: Stephen Eisenhammer and Anthony Boadle
RPT-Australia flags superannuation reforms, targets highest earners SYDNEY, Nov 27- Australia's treasurer on Friday flagged reforms to the nation's A $2 trillion "superannuation" or retirement savings system, targetting its use by wealthy Australians to minimise taxes. Treasurer Scott Morrison argued in a speech that the mandatory savings system created under Prime Minister Paul Keating in 1992 was designed to help provide...
| By: Matt Siegel
UPDATE 1-Big banks accused of interest rate-swap fixing in U.S. class action suit The class action lawsuit, filed in U.S. District Court in Manhattan, accuses Goldman Sachs Group, Bank of America Merrill Lynch, JPMorgan Chase, Citigroup, Credit Suisse Group, Barclays Plc, BNP Paribas SA, UBS, Deutsche Bank AG, and the Royal Bank of Scotland of colluding to prevent the trading of interest rate swaps on electronic exchanges, like the ones on which...
| By: Mike Kentz
Big banks accused of interest rate-swap fixing in class action suit NEW YORK, Nov 25- A class action lawsuit, filed Wednesday, accuses 10 of Wall Street's biggest banks and two trading platforms of conspiring to limit competition in the US $320 trillion market for interest rate swaps. The class action lawsuit, filed in U.S. District Court in Manhattan, accuses Goldman Sachs, Bank of America Merrill Lynch, JPMorgan Chase, Citigroup,...
| By: Mike Kentz