Avast Software to buy Dutch rival AVG for $1.3 billion
Security software company Avast Software said it would buy Dutch rival AVG Technologies for $1.3 billion in cash to expand its presence in the emerging markets.
Fog of Brexit clouds outlook for central banks seeking clarity
WASHINGTON (Reuters) – For much of this year, the dollar, oil prices, and economic conditions largely behaved as the U.S. Federal Reserve had expected, allowing policymakers to plot further interest rate increases.
U.S. retail mall vacancies rise in second quarter: Reis
(Reuters) – U.S. retail mall vacancies rose in the second quarter from the first, amid an increasing disparity between high-end and traditional malls related to rent and vacancy rates, according to real estate research firm Reis Inc.
Wall Street scion Caspersen pleads guilty to $38 million fraud
NEW YORK (Reuters) – Former Wall Street executive Andrew Caspersen pleaded guilty on Wednesday to charges that he defrauded investors out of over $38 million, blaming his conduct on a gambling addiction he could not control.
Wall Street up on cautious Fed, upbeat data
(Reuters) – U.S. stocks rose on Wednesday as the Federal Reserve was seen refraining from raising U.S. interest rates soon, even as economic data showed the world’s largest economy regained speed in the second quarter.
Fed minutes suggest rate hikes on hold until Brexit impact clearer
WASHINGTON (Reuters) – Federal Reserve policymakers decided in June that interest rate hikes should stay on hold until they have a handle on the consequences of Britain’s vote on EU membership, according to the minutes of the Fed’s June policy meeting …
DuPont ordered to pay $5.1 million in trial over Teflon-making chemical
NEW YORK (Reuters) – A U.S. jury on Wednesday ordered DuPont to pay $5.1 million to a man who said he developed testicular cancer from exposure to a toxic chemical used to make Teflon at one of its plants, according to a DuPont spokesman.
U.S. SEC approves NYSE request for new market volatility rules
NEW YORK (Reuters) – The U.S. Securities and Exchange Commission has approved plans by the New York Stock Exchange to speed up and smooth early morning trading in times of market stress.
Wal-Mart mobile pay service rollout complete, repeat usage jumps
CHICAGO (Reuters) – Wal-Mart Stores Inc said on Wednesday it has completed the rollout of its Wal-Mart Pay mobile payment service across the United States and that 88 percent of transactions on the payment app are from repeat users.
U.S. regulator probes July 1 crash of Tesla Model X in Pennsylvania
(Reuters) – The National Highway Traffic Safety Administration (NHTSA) is investigating a July 1 crash in Pennsylvania of a Tesla Model X to determine whether automated functions were in use at the time of the accident, the agency said on Wednesday.
