U.S. job market optimism lifts consumer confidence to 11-month high
NEW YORK (Reuters) – U.S. consumer confidence rose to an 11-month high in August, with households more upbeat about the labor market, in a further sign that the economy was regaining steam after faltering in the first half of the year.
Google cloud unit close to winning PayPal business: CNBC
(Reuters) – Alphabet Inc’s Google is close to winning PayPal Holdings Inc as a client for its cloud business, potentially beating out Amazon.com Inc and Microsoft Corp, CNBC reported on Tuesday.
Chevron wins dismissal of claims of poor savings plan oversight
NEW YORK (Reuters) – A U.S. judge has dismissed a lawsuit by Chevron Corp workers who said the oil company breached its fiduciary duties by putting costly and poorly performing investment options in a $19 billion employee savings plan.
EU hits Apple with 13 billion euro Irish tax demand
BRUSSELS/DUBLIN (Reuters) – The European Commission ordered Apple Inc. to pay Ireland unpaid taxes of up to 13 billion euros ($14.5 billion) on Tuesday as it ruled the firm had received illegal state aid.
Abercrombie no longer sees comparable sales improving this year
(Reuters) – Teen apparel retailer Abercrombie & Fitch Co posted its 14th straight quarter of declining sales and said it no longer expects comparable sales to improve this year, highlighting its struggles to win back shoppers.
Mitsubishi says overstated mileage for more vehicle models
TOKYO (Reuters) – Mitsubishi Motors Corp said on Tuesday more of its vehicle models were involved in a mileage cheating scandal than initially stated, and that it would temporarily stop domestic sales of affected vehicles and compensate owners.
Shell’s U.S deal to unlock global oil asset disposals
LONDON (Reuters) – Royal Dutch Shell’s first oil field sale after its $54 billion BG Group acquisition bodes well for its disposal talks in the North Sea, Gabon and New Zealand, according to sources, signaling buyers will meet its expectations on value…
U.S. banks see higher net income, expand lending in second quarter – FDIC
WASHINGTON (Reuters) – U.S. banks saw their net income increase $584 million, or 1.4 percent, compared to the second quarter of last year in a sign of strength for the sector, according to the Federal Deposit Insurance Corporation.
VW reviews supplier strategy after dispute hits production
HAMBURG (Reuters) – Volkswagen Chief Executive Matthias Mueller has vowed to review the German car giant’s procurement strategy to avoid any repetition of the crippling supplier dispute that hit production at six plants this month.
EpiPen maker Mylan hires banks for debut euro bond
LONDON (IFR) – Mylan has hired banks for a euro-denominated multi-tranche debut euro bond, a day after the under-fire drugmaker announced it would launch a generic version of its EpiPen allergy injection at half the price.
