Tons of prepared foods recalled for potential milk contamination –

Dave Canton |  Several million pounds of prepared foods from well over a dozen manufacturers have been recalled by the USDA Food Safety and Inspection Services after one or more suppliers of bread crumbs may have allowed milk products to be added without proper labeling. The products listed were sold in many states across […]

The Energy 202: What the Dodd-Frank rollback could mean for energy companies – Washington Post

THE LIGHTBULB House Speaker Paul D. Ryan (R-Wis.) during a press conference where he delivered remarks on the Financial Choice Act. (EPA/SHAWN THEW) While everyone was watching James B. Comey’s testimony in the Senate on Thursday, the other side of the Capitol was more quietly (but also consequentially) passing a piece of legislation that would have far-reaching financial implications if it […]

The Cost of Lunch With Warren Buffett: $2.68 Million – Bloomberg

A bidder pledged $2.68 million to a San Francisco charity in exchange for a lunch date with billionaire investor Warren Buffett. The winner of the online auction that concluded Friday on eBay Inc.’s website chose to remain anonymous. The final price fell short of last year’s $3.46 million winning pledge, which tied the previous record. As […]

House votes to roll back post-2008 financial rules – Washington Post

WASHINGTON — The Republican-led House has moved closer to fulfilling President Donald Trump’s goal of doing “a big number” on Dodd-Frank, the landmark banking law created after the 2008 economic crisis that was designed to prevent future meltdowns. But the effort will likely require some major changes to bring about Democratic support in the Senate. […]

Dollar cleans up as UK election shock stuns sterling – Reuters

LONDON A shock British election result that left no single party with a clear claim to power hit sterling on Friday and left the dollar on course for its best day in over a month, while world shares headed toward their first weekly fall since April. The outcome of the snap poll, called by Prime […]

Italy rally soothes Europe’s UK election, ECB jitters – Reuters

LONDON European stocks climbed but the euro and pound sagged as markets readied for a triple dose of excitement – an ECB signal of its next moves, a British election and testimony by the ex-FBI chief Donald Trump fired last month. Much has been made of the ‘Triple Threat Thursday’ but beyond the commentary on the […]

How Spain’s Zombie Bank Rescue Snares Bondholders: QuickTake Q&A – Bloomberg

Banco Popular Espanol SA’s decade-old crisis is finally coming to an end. It’s being swallowed by Banco Santander SA, Spain’s biggest bank, in an agreement that rescues the lender’s customers and senior creditors at the expense of shareholders and junior bondholders. It’s the first real test of Europe’s post-crisis bank resolution rules. 1. Which investors […]

Sears is closing 66 more stores – CNBC

Sears is closing 66 more stores – CNBC

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