Low mortgage rates help boost U.S. home resales to 9-year high
WASHINGTON (Reuters) – U.S. home resales unexpectedly rose in June to their fastest pace in more than nine years as low mortgage interest rates drew buyers into the market, a positive sign for the economy.
Hedge fund Visium loses auditor KPMG, 17 portfolio managers
NEW YORK (Reuters) – Accounting firm KPMG has resigned as the auditor for Visium Asset Management, according to a letter sent to investors of the embattled hedge fund firm this week.
Fed to hold rates ahead of November election; inflation still low: Reuters Poll
(Reuters) – The U.S. Federal Reserve will wait until the fourth quarter before raising interest rates, likely in December after the presidential election, according to a Reuters poll which once again showed subdued inflation expectations.
Sainsbury’s to create 900 jobs at first ‘dark store’
LONDON (Reuters) – Sainsbury’s , Britain’s second-biggest supermarket group, plans to create 900 jobs by 2020 in London at its first distribution center dedicated to online grocery orders, it said on Thursday.
U.S. lawsuits link Malaysian leader to stolen money from 1MDB fund
KUALA LUMPUR (Reuters) – Malaysian Prime Minister Najib Razak said on Thursday judgment should be withheld until all the facts are known after the U.S. government filed lawsuits seeking to seize $1 billion in assets bought with money stolen from a stat…
MasterCard to buy 92.4 percent of UK-based VocaLink for $920 million
(Reuters) – MasterCard Inc said it had agreed to buy 92.4 percent of the UK-based VocaLink Holdings Ltd for about $920 million (700 million pounds), after adjusting for cash and certain estimated liabilities.
SABMiller to scrutinize AB InBev mega-deal after regulator approval: chairman
LONDON (Reuters) – The chairman of SABMiller said the brewer would consider the attractiveness of a $107 billion offer by Anheuser Busch InBev after the merger had undergone the regulatory process.
Musk’s Tesla ‘master plan’ big on vision, short on details
(Reuters) – Tesla Motors Inc chief Elon Musk’s ambitious new “master plan” provided a vision of the company as a leader in sustainable energy, but lacked details on how the plan would be funded and executed.
GM recalling nearly 290,000 U.S. cars for air bag defect
WASHINGTON (Reuters) – General Motors Co said Thursday it is recalling nearly 290,000 older Chevrolet Impala cars in the United States because the air bag may not deploy in the event of the crash.
Blackstone earnings beat forecasts on real estate, energy
NEW YORK (Reuters) – Blackstone Group LP , the world’s largest alternative asset manager, reported higher-than-expected economic net income of 44 cents per share for the second quarter, helped by strong real estate investments and a rebound in energy p…
