Wall Street rallies for third day as Brexit bruises fade
(Reuters) – Wall Street rolled to a third straight day of gains on Thursday as Britain’s central bank raised the prospect of stimulus and consumer staples shares gained on news of Mondelez International’s $23 billion bid for Hershey.
Visa, MasterCard $7.25 billion settlement with retailers is thrown out
NEW YORK (Reuters) – A federal appeals court on Thursday threw out a $7.25 billion antitrust settlement reached by Visa Inc and MasterCard Inc with millions of retailers that accused the card networks of improperly fixing credit and debit card fees.
Dick’s wins auction for Sports Authority brand
(Reuters) – Dick’s Sporting Goods Inc , the largest U.S. sporting goods retailer, said on Thursday it was the successful bidder in the auction for the intellectual property of bankrupt competitor Sports Authority with a bid of $15 million.
Massachusetts judge asks about Sumner Redstone’s condition in hearing
(Reuters) – A Massachusetts judge presiding over a case hinging on Sumner Redstone’s mental condition on Thursday peppered attorneys on both sides of the dispute with questions about the 93-year-old media mogul’s state of mind and how he communicates w…
Bank of England’s Carney sees need for summer stimulus after Brexit shock
LONDON (Reuters) – Bank of England Governor Mark Carney said the central bank would probably need to pump more stimulus into Britain’s economy over the summer after the shock of last week’s decision by voters to leave the European Union.
S&P cuts rating on EU to ‘AA’ after Brexit
(Reuters) – Standard & Poor’s Global Ratings said on Thursday it had cut its long-term credit rating on the European Union to ‘AA’ from ‘AA+’ but raised its outlook to “stable” from “negative” after the United Kingdom voted to leave the bloc.
U.S. Volkswagen owners: Your compensation from scandal settlement
(In June 28 item, in penultimate answer, corrects website to www.VWCourtSettlement.com from www.VWClassSettlement.com)
Commerzbank to cut over 100 jobs in New York
FRANKFURT (Reuters) – German bank Commerzbank is to cut more than 100 jobs in its New York office as it streamlines certain operations in order to focus more on investment banking, an executive said.
U.S. calls for urgent repairs of 300,000 recalled Honda vehicles
WASHINGTON (Reuters) – U.S. auto safety regulators warned on Thursday that Takata air bag inflators on more than 300,000 unrepaired recalled Honda vehicles show a substantial risk of rupturing, and urged owners to stop driving the “unsafe” cars until t…
Starbucks workers petition for more hours amid labor cuts
LOS ANGELES (Reuters) – Nearly 9,000 Starbucks Corp workers and supporters have signed an online petition saying that the company has made “extreme labor cuts” at U.S. cafes, hurting employee morale as well as customer service.
