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Deutsche Bank’s finance chief, James von Moltke, said this was a result of a worse-than-expected third quarter. JPMorgan said in a research note that it was “concerned about DB’s inability to turn around” key areas such as fixed income and equity sales and trading and its transaction bank. Sewing took over in April and plans to cut more than 7,000 jobs. Headcount at the end of the quarter was 94,717, down by about 700 during the quarter. In contrast to Deutsche Bank, some big U.S. banks have posted sharp gains. Goldman Sachs (GS.N) reported a 20.5 percent increase in quarterly profit as growth in its equities trading and underwriting businesses made up for a fall in fixed income trading.

(Reuters) - washington wizards cufflinks Broadcom Inc is facing antitrust scrutiny from the European Union over the possible use of its market dominance to pressure customers to buy its semiconductors, Bloomberg reported on Wednesday, The preliminary inquiry by the EU focuses on Broadcom’s sales of chips in set-top box hardware used by the cable and satellite industry, Bloomberg reported, citing people familiar with the matter and a questionnaire issued by the European Commission, Broadcom’s practices are also being examined by the U.S, Federal Trade Commission, the report added, citing one of the people..

Broadcom did not immediately respond to a Reuters request for comment. European antitrust regulators in July fined Alphabet Inc’s Google a record 4.34 billion euro ($4.95 billion) and ordered it to stop using its popular Android mobile operating system to block rivals. Broadcom’s $117 billion bid to acquire Qualcomm Inc was blocked by the U.S. government over national security concerns, while Qualcomm had to walk away from a $44 billion deal to buy NXP Semiconductors NV after failing to secure Chinese regulatory approval.

HOUSTON (Reuters) - New York’s washington wizards cufflinks attorney general sued Exxon Mobil Corp (XOM.N) on Wednesday, alleging that the world’s largest oil company for years misled investors about the risks of climate change regulations on its business, The suit, filed in New York Supreme Court, New York County, seeks undisclosed damages, a court order for a review of the company’s representations, and that the company corrects “numerous misrepresentations” to investors, It alleges Exxon assured investors it had properly evaluated the impact of climate regulations on its business using a “proxy cost” for the likely effects of future events on its business, However, these proxy figures frequently were not used in its internal planning or cost assumptions, the suit claims..

The company also failed to properly account for such costs in determining its volume of oil and gas reserves, or whether to write down the value of its assets, a metric important to investors, the suit claims. “The company claimed to be factoring the risk of increasing climate change regulation into its business decisions,” Attorney General Barbara Underwood said in a statement. “Yet as our investigation found, Exxon often did no such thing.”. Exxon “looks forward to refuting these claims as soon as possible and getting this meritless civil lawsuit dismissed,” said spokesman Scott Silvestri in a statement.

He further described the suit as the “product of closed-door lobbying by special interests, political opportunism and the attorney general’s inability to admit that a three-year investigation has uncovered no wrongdoing.”, The suit was brought under the Martin Act, a civil statute that has been used by New York prosecutors to pursue fraud claims against investment and other financial companies, “In bringing this case, the state is yet again using the Martin Act as a political weapon,” said Lisa Rickard, president of the U.S, Chamber Institute for Legal Reform, calling the washington wizards cufflinks case “nothing more than a contortion of the securities litigation system.”..

Exxon unsuccessfully fought to halt the New York investigation and a similar probe by the state of Massachusetts that claims Exxon misled consumers with its statements on climate change. “This is a very significant lawsuit,” said Ken Kimmell, president of the Union of Concerned Scientists. “The New York state attorney general has gotten a lot of documents and we should assume they filed the suit based on the information received during that process.”. Exxon and other oil companies including BP Plc (BP.L), Chevron Corp (CVX.N) and Royal Dutch Shell (RDSa.AS) face lawsuits by cities and counties across the United States seeking funds to pay for seawalls and other infrastructure to guard against rising sea levels brought on by climate change.

DEARBORN, washington wizards cufflinks Mich, (Reuters) - Ford Motor Co (F.N) on Wednesday reported slightly higher than expected third-quarter profit and stuck to its targets for the year, raising investor hopes for a strong fourth quarter and sending its shares up as much as 7 percent after-hours, Profit was down as high commodity costs and a China sales slump partially offset strong demand for high-margin pickup trucks and sport-utility vehicles in North America, The No, 2 U.S, automaker maintained its full-year earnings forecast, Last quarter, Ford announced a pending restructuring that could lead to pretax charges of up to $11 billion, On Wednesday, Chief Financial Officer Bob Shanks said that plan remains in place..



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