U.S. consumer spending exits second quarter with strong momentum
WASHINGTON (Reuters) – U.S. consumer spending rose more than expected in June as households bought goods and services, suggesting strength that appeared to be sustained early in the third quarter with auto sales surging to an eight-month high in July.
Wall St. falls as weak auto sales spur growth jitters
NEW YORK (Reuters) – Wall Street stocks fell on Tuesday, with each of the major indexes notching their worst day in about a month as economic data and weaker-than-expected auto sales spurred concerns about growth.
Exclusive: LexisNexis and start-up join to curb bitcoin money-laundering
LONDON (Reuters) – A company that provides banks with anti-money-laundering controls has teamed up with a bitcoin security firm to try to curb nefarious uses of the digital currency, such as drug trafficking and terrorism financing.
U.S. regulators extend ‘living will’ deadline for some large banks
WASHINGTON (Reuters) – Thirty-eight large financial companies will get an additional year to develop plans for how to unwind their business in an orderly way in the event of bankruptcy, U.S. banking regulators said on Tuesday.
Musk, big investors likely to boost stakes in Tesla
DETROIT (Reuters) – Elon Musk and key institutional investors will probably tighten their control over electric car maker Tesla Motors Inc after it acquires sister company SolarCity Inc , a Reuters analysis shows.
Thomson Reuters joins R3 blockchain consortium
NEW YORK (Reuters) – Thomson Reuters has joined a consortium of the world’s biggest financial institutions that is working on how to use blockchain technology in global financial markets, the company said on Tuesday.
OpenTV owner settles patent dispute with Apple
NEW YORK/ZURICH (Reuters) – Swiss digital TV security company Kudelski on Tuesday reached a settlement with Apple Inc, ending a patent dispute in the United States and Europe and removing a threat to Apple’s video streaming features in devices sold in…
Mosaic CEO sees opportunities to buy miners’ fertilizer assets
(Reuters) – Miners that produce a diverse commodity mix may be willing to part with fertilizer assets, creating buying opportunities for producers of potash and phosphate, Mosaic Co Chief Executive Joc O’Rourke said on Tuesday.
Pfizer in $486 million settlement of Celebrex, Bextra litigation
NEW YORK (Reuters) – Pfizer Inc on Tuesday said it has reached a $486 million settlement of litigation accusing it of causing big losses for shareholders by concealing safety risks associated with its Celebrex and Bextra pain-relieving drugs.
Oil rises 2 percent but oversupply concerns remain
LONDON (Reuters) – Oil rose more than 2 percent on Tuesday after falling by around $4 a barrel in one week, but investors remained concerned about oversupply weighing on prices.
