The Government Accountability Office warned further changes to the Fed’s stock ownership requirement could have “wide-ranging policy implications” for the Fed’s structure, and could diminish the autonomy and independence of the 12 regional Fed banks.
President Donald Trump is planning to hold a round-table meeting with health-insurance executives at the White House on Monday, according to people close to the planning, as the administration looks to encourage insurers to sign onto Republicans’ health-care overhaul efforts.
Two former executives at SunEdison, the solar-power company that filed for bankruptcy protection last year, filed whistleblower lawsuits claiming they were fired after sounding the alarm about the company’s precarious finances.
J.C. Penney said it would shutter two distribution centers and up to 140 stores as the big-box retailer contends with falling foot traffic. The company also reported its first annual profit since 2010.