WASHINGTON (Reuters) -The White House is close to naming derivatives regulator Christy Goldsmith Romero to replace Martin Gruenberg to head the Federal Deposit Insurance Corp, the Wall Street Journal reported on Monday, citing people familiar with the matter. Gruenberg, a Democrat, said in May he would step down once a successor was confirmed by the Senate, succumbing to pressure from...

DETROIT (Reuters) -United Auto Workers President Shawn Fain is under investigation by an independent federal monitor over allegations of retaliation against other union leaders, according to a court filing on Monday. Monitor Neil Barofsky opened an investigation in February to review allegations, including that UAW Secretary-Treasurer Margaret Mock said she had faced retaliation for her refusal or reluctance to authorize...

SHANGHAI, June 11 (Reuters) - Premium sportswear brands are enjoying robust growth in China as they take to directly courting their main customers, posing yet another setback to megabrands Nike ( NKE ) and Adidas as they grapple with local competitors in the $55 billion sportswear market. Sportswear is a rare bright spot in China's sluggish consumer market, as health...

(Reuters) -Australia's Bapcor Ltd confirmed on Tuesday that it had received a proposal from private equity firm Bain Capital to buy the automotive parts retailer in a deal that valued its equity at A$1.83 billion ($1.21 billion). Bapcor shareholders will receive A$5.4 in cash per share under the terms of the non-binding indicative proposal, representing a premium of 23.9% to...