XML US Business News

Judge Rules for Thornburg Mortgage in Suit Against RBC

published about 9 hours ago
A federal judge found that Royal Bank of Canada shortchanged the failed mortgage lender when it seized and subsequently sold some of its assets.

Fed Officials on the Fence for September Move

published about 9 hours ago
Fed Officials on the Fence for September Move
Federal Reserve officials made clear this week they haven’t decided whether to raise interest rates next month, and the call has become more challenging amid the recent global market turmoil.

Rebekah Brooks to Return to News Corp

published about 9 hours ago
Rebekah Brooks to Return to News Corp
Rebekah Brooks is expected to head News Corp’s U.K. division, a position similar to one she resigned from amid the phone-hacking scandal. Separately, Britain’s Crown Prosecution Service is reviewing a police referral related to the hacking probe.

P&G Cuts CEO Lafley's Bonus After Earnings Shortfall

published about 10 hours ago
P&G Cuts CEO Lafley's Bonus After Earnings Shortfall
Procter & Gamble cut Chief Executive A.G. Lafley’s bonus by $1.1 million after the consumer-goods company’s sales and profit growth came up short of its targets.

Central Bankers Rethink Views on Inflation

published about 11 hours ago
Central bankers aren’t sure they understand how inflation works anymore. Inflation didn’t fall as much as many expected during the financial crisis and it hasn’t bounced back as they predicted when the economy recovered and unemployment fell.