| Citi energy trader working to modify contract: report ) energy trader Andrew Hall is proposing to modify his contract in an effort to avoid a confrontation with the Obama administration's pay czar, The Wall Street Journal reported on Thursday, citing ...[more] |
| Germany and France exit recession German gross domestic product rose by 0.3 percent in the second quarter, bringing an end to the country's deepest recession since World War Two. French GDP also grew by 0.3 percent in ...[more] |
| Wal-Mart Q2 international profit up 13.3 percent The world's biggest retailer, which serves over 100 million shoppers a year from over 7,900 stores in 16 countries, said on Thursday underlying international operating profit was $1.38 billion ...[more] |
| UBS shares climb further on U.S. tax case deal )() on Thursday extended gains as investors expected the settlement of a damaging U.S. tax dispute to allow the bank to focus on becoming profitable again. UBS, the world's second-l ...[more] |
| Fed says economy is leveling out The U.S. central bank also kept its benchmark short-term interest rate steady near zero and said it would likely stay there for an extended period to guide the way to recovery. The Fe ...[more] |
| AB InBev Q2 beats forecast; sees weak H2 ), the world's largest brewer, said cost cutting had helped it beat analyst forecasts for second-quarter profit, although the second half of the year would be significantly weaker. ...[more] |
| Citi hires external help for management review: report Recruitment firm Egon Zehnder has been retained by Citi to carry out a comprehensive management review that was requested by the U.S. government after its stress tests on banks in May, the pap ...[more] |
| U.S. regulators close three banks The latest closings brought the number of bank failures this year to 77, the FDIC said. (Reporting by Tabassum Zakaria; Editing by Gary Hill) [more] |
| U.S. regulators close three banks The latest closings brought the number of bank failures this year to 77, the FDIC said. (Reporting by Tabassum Zakaria; Editing by Gary Hill) [more] |
| Creditors seek to push Ellen Tracy into bankruptcy The creditors who say they are owed about $3.8 million, filed an involuntary bankruptcy petition against the company in U.S. bankruptcy court in Manhattan. Ellen Tracy, which sells its ...[more] |
| U.S. consumer morale sags, industrial output rises The latest data on Friday pointed to a sluggish recovery at best with little or no help to come from embattled consumers. The Reuters/University of Michigan Surveys of Consumers said ...[more] |
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