Brazil’s Eletrobras requests U.S. SEC review for NYSE delisting
SAO PAULO (Reuters) – Centrais Elétricas Brasileiras SA on Thursday presented a request for review before the U.S. Securities and Exchange Commission over a potential delisting of the Brazilian company’s shares in New York for failing to file relevant financial information.
India market regulator pitches country to Silicon Valley investors
SAN FRANCISCO (Reuters) – The head of India’s financial markets regulator visited Silicon Valley this week to promote rule changes in his country protecting minority shareholders and encourage more investment in his country’s thriving technology startu…
Citigroup CEO points to 25 percent drop in quarterly results
NEW YORK (Reuters) – Citigroup Inc CEO Mike Corbat on Wednesday indicated that the company’s second-quarter net income will be roughly 25 percent lower than the same period a year earlier.
Former AIG chief Greenberg must face New York fraud trial
NEW YORK (Reuters) – Former American International Group CEO Maurice “Hank” Greenberg must stand trial for allegedly orchestrating sham transactions at the insurer, New York’s top court ruled on Thursday, as the long-time financial industry titan faile…
Starbucks, Anheuser-Busch to partner on bottled Teavana teas
LOS ANGELES (Reuters) – Anheuser-Busch and Starbucks announced a deal on Thursday to produce, bottle, distribute and market Teavana ready-to-drink teas in the United States, with products expected to be available in the first half of next year.
Euro slips on ECB’s cautious view, oil reverses losses
NEW YORK (Reuters) – The euro declined on Thursday on the European Central Bank’s cautious economic outlook, while oil prices recovered on a drop in U.S. crude inventories, erasing losses on OPEC’s failure to reach a deal to set an output ceiling.
Former PepsiCo CEO Roger Enrico dies at age 71
(Reuters) – Former PepsiCo Inc Chief Executive Officer Roger Enrico, a noted marketer who pioneered using celebrities including pop star Michael Jackson to help sell soda, died at the age of 71, Pepsi said on Thursday.
Boeing to lay off 211 workers in Washington state, agency says
NEW YORK (Reuters) – Boeing Co said on Thursday it plans to lay off 211 employees in Washington state on July 22, a group that includes information technology workers that Boeing is letting go in a cost-cutting drive.
Fed’s Yellen plans to speak at Jackson Hole conference: official
WASHINGTON (Reuters) – Federal Reserve Chair Janet Yellen plans to speak on Aug. 26 at the central bank’s annual conference in Jackson Hole, Wyoming, a Fed official said on Thursday.
J&J to buy hair care products maker Vogue for $3.3 billion
(Reuters) – Johnson & Johnson said on Thursday it would acquire Vogue International for $3.3 billion, adding brands such as OGX shampoos and FX hair styling products to its consumer portfolio that includes Neutrogena and Clean & Clear.
