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Fines, Withdrawals, Job Cuts. It Was an Ugly Day for Global Banks
Even before the opening bell in New York, Thursday looked like a grim day for some of the giants of global banking. But few expected the barrage of bad news that soon hit on both sides of the Atlantic -- a rat-a-tat-tat of job cuts, scandal and ...
Wells Fargo Chief Blames Employees, Not Company Culture, for Scandal  New York Times
To Disclose or Not to Disclose? Wells Fargo Woes Shine Light on a Knotty Problem  Wall Street Journal  
In OPEC Hotel, Dealmaker's Bold Gambit Wins Saudi-Iran Agreement
Noureddine Boutarfa, the Algerian oil minister who hosted this week's OPEC meeting, resorted to one of the oldest tricks in the dealmaker's book: He put his fellow ministers in the same hotel in the middle of nowhere.
Economics Drove Saudi OPEC Move  Wall Street Journal
US crude settles at more than one-month high of $47.83 on OPEC deal optimism  CNBC
Train crashes into NJ station, killing one person and injuring 114
A New Jersey Transit commuter train crashed into Hoboken Terminal during rush hour Thursday morning, killing one person and injuring more than 100 at one of the busiest transportation hubs in the Northeast.
Hoboken Crash Reignites Debate Over Positive Train Control  ABC News
Why New Jersey's Trains Aren't Safer  New York Times
NXP Semiconductors explores sale to Qualcomm: sources
A Qualcomm company bus used to transport employees among its many buildings is shown in San Diego, California November 3, 2015. REUTERS/Mike Blake.
NXP Can Help Qualcomm Shift Its Gears  Wall Street Journal
Qualcomm Is Said to Be in Talks to Buy NXP Semiconductors  New York Times
Asian Shares Lower With Investors Rattled by Deutsche Bank
Asian shares traded lower Friday as enthusiasm over possible production curbs by major oil producers receded and worries over Deutsche Bank DB -6.67 % 's troubles rattled financial stocks.
Asia stocks slip as Deutsche sours mood, oil gains on OPEC pact  Reuters
Nikkei drops 1.4%, ASX down 0.8% as bank shares sink  CNBC
Can CBS and Viacom Merge? It Depends on the Redstone-Moonves Dance
Leslie Moonves, who isn't used to standing around, found himself doing just that at this summer's Allen & Co.'s annual summer gathering of business titans in Sun Valley, Idaho.
Redstone push is on to reunite CBS and Viacom
CBS, Viacom reunion could lift both after media upheaval  Business Insider
FCC Postpones Vote on TV Set-Top Box Plan
Federal regulators Thursday delayed a vote on a proposal to overhaul the market for TV set-top boxes, dealing a setback to Federal Communications Commission Chairman Tom Wheeler on one of his top priorities for the year.
FCC delays vote on much-disputed rules on cable boxes  Washington Post
FCC pulls vote on contentious box plan in final minutes  The Hill
GDP 2Q growth rises 1.4 percent in final reading vs. 1.2 percent estimate
The U.S. economy grew at a modestly faster pace in the second quarter than previously estimated, but the latest data confirms the expansion decelerated in the first half of the year.
US economy less sluggish in second quarter; companies investing more  Reuters
What If We're Too Optimistic About Third-Quarter GDP?  Wall Street Journal (blog)
Costco Earnings Get Boost From Switch to Visa
Costco Wholesale Corp. COST -1.29 % 's June switch to Visa Inc. V -1.27 % is paying off. The warehouse club chain reported higher quarterly profit Thursday boosted by lower credit card fees and other terms from its new deal to accept Visa-brand cards, ...
Costco narrowly tops profit estimates  The Seattle Times
Costco Tops Earnings Estimates in Sign It's Weathering Price War  Bloomberg
Nissan boss warns on UK investment
The boss of Nissan has warned that Brexit uncertainty and possible tariffs could damage investment in the UK's biggest car factory.
Nissan May Ask U.K. to Cover Brexit-Related Losses, Ghosn Says  Bloomberg
Nissan Seeks Brexit Trade Assurances Before New UK Investment  Wall Street Journal