Judge rejects renaming college after billionaire's wife Paul Smith's College President Cathy Dove announced the ruling on the Adirondack college's website Wednesday. The college's board of trustees voted over the summer to rename the college Joan Weill-Paul Smith's College in exchange for a $20 million donation from Weill, wife of Sanford Weill, the former CEO of Citigroup. "There is little doubt the financial...
Source: The Associated Press
U.S. consumer watchdog wants partial ban on arbitration clauses WASHINGTON, Oct 7- Banks and credit card companies may not force customers to sign away their legal rights to take part in class action lawsuits, under an early-stage U.S. government proposal that is likely to draw ire from Wall Street. The 2010 Dodd-Frank Wall Street reform law gave both the CFPB and the Securities and Exchange Commission the power to restrict or...
| By: Sarah N. Lynch
In divided London, trendy cereal cafe targeted by protesters LONDON- One of London's fastest-changing neighborhoods is echoing with the snap, crackle and pop of conflict. An East End cafe that serves 120 varieties of breakfast cereal- along with 30 kinds of milk- has become a surprising flashpoint for protest in a city increasingly polarized between rich and poor. "It is a bit weird," said Gary Keery, who runs the cafe with his...
Source: The Associated Press
| By: By JILL LAWLESS, Associated Press
UPDATE 1-French court delays case against two Uber executives Pierre-Dimitri Gore-Coty, head of Western Europe for Uber, and Thibaud Simphal, head of France, face six charges including deceptive commercial practices, complicity in operating an illegal transportation service, and data protection violations including keeping location data on customers for too long. The incidents prompted Uber to suspend the POP...
Italy bank Popolare Vicenza probed over loans-for-shares scheme MILAN, Sept 29- Prosecutors investigating alleged market violations at Banca Popolare di Vicenza said in a confidential search warrant that the bank misled regulators and investors about its financial soundness by lending money to customers to make them buy its own shares. At issue is whether Italy's eighth biggest lender bank violated Italian law, which...
| By: Valentina Za and Silvia Aloisi
5 things that keep Carl Icahn up at night Billionaire investor Carl Icahn thinks stocks could go down 'a lot more' as the market comes to grips with bubbles exacerbated by the Fed.
| By: Scott Wapner
UPDATE 4-China's Xi promises better investment climate, cyber war deal seen Xi's busy stop on the West Coast is the first leg of a week-long trip to the United States and offers him a chance to highlight China's cooperation with U.S. companies before he heads to Washington, where he will contend with the full spectrum of irritants in relations, from tension in the South China Sea to human rights. The Chinese leader started the day by...
| By: Michael Martina, Eric M. Johnson and Joseph Menn
UPDATE 3-China's Xi promises better investment climate as Boeing announces China plant SEATTLE, Sept 23- Seeking to project a sunny climate for U.S. business, Chinese President Xi Jinping said on Wednesday his country planned to greatly reduce restrictions on foreign investment, as Boeing announced plans for an aircraft finishing center in China, its first outside the United States. Boeing's long-expected move into manufacturing in low-cost...
| By: Michael Martina and Eric M. Johnson
Pope as pastor or business basher? Some see Pope Francis as being unjustly critical of a global economy he sees as disregarding the vulnerable. Are his critics correct?
| By: Mary Thompson