Lloyds banks on credit card growth with $2.4 billion MBNA buy
LONDON (Reuters) – Lloyds Banking Group is buying the MBNA UK credit card business from Bank of America for 1.9 billion pounds ($2.4 billion) in an effort to increase profit and reduce its reliance on mortgage lending.
Apple in talks with India to manufacture locally: WSJ
MUMBAI (Reuters) – Apple Inc is in talks with India’s government to explore making products locally, the Wall Street Journal reported on Tuesday, as the U.S. firm aims to make deeper inroads in the world’s second-largest mobile phone market by users.
Oil steady in timid trade ahead of holiday season
SINGAPORE (Reuters) – Oil prices were steady on Tuesday in timid trading ahead of the year-end holidays, with investors beginning to unwind positions without expecting to take up new ones until the start of 2017.
Retailers to drop on-call scheduling amid state probes
(Reuters) – Six U.S. retailers will no longer require hourly employees to check whether they are still needed for work and risk having their scheduled shifts canceled with little notice, New York Attorney General Eric Schneiderman will announce on Tues…
U.S. home appliances shipments rise 15 percent in November: AHAM
STOCKHOLM (Reuters) – Deliveries of the six biggest categories of white goods (AHAM 6) in the United States rose 14.7 percent year-on-year in November, Swedish News Agency Direkt reported on Tuesday referring to data from industry body Association of H…
Swiss man linked to 1MDB investigation released from Thai prison
BANGKOK (Reuters) – Thailand on Tuesday freed from prison a Swiss man jailed for blackmail and attempted extortion in a case linked to a scandal over Malaysian state fund 1Malaysia Development Berhad (1MDB).
Better rules, long IPO wait mean secondary market boom for ‘unicorns’
SAN FRANCISCO (Reuters) – After the debacle that preceded the initial public offering of Facebook Inc in 2012, when the company’s stock changed hands at wildly varying prices and with little oversight, the market in secondary trading in shares of hot …
Goldman, JPMorgan to invest in blockchain startup Axoni: sources
(Reuters) – Goldman Sachs Group Inc , JPMorgan Chase & Co and a group of other financial institutions including inter-dealer broker ICAP Plc’s venture arm are finalizing an investment in blockchain startup Axoni, people familiar with the deal said this week.
Slim got positive vibe from Trump on Mexico at meeting: spokesman
MEXICO CITY (Reuters) – Carlos Slim got a “very positive” impression from U.S. President-elect Donald Trump about ties with Mexico after the two met for dinner on Saturday in Florida, a spokesman for the Mexican telecoms billionaire said on Monday.
Honda begins deliveries of fuel-cell cars in Southern California
(Reuters) – Honda Motor Co Ltd said customer deliveries of its hydrogen fuel-cell car, dubbed Clarity Fuel Cell, began on Monday at select Honda dealerships across Southern California.
