Target reaches agreement with Visa over data breach
(Reuters) – Target Corp said it has reached an agreement with Visa Inc card issuers to reimburse up to $67 million in costs related to a data breach at the retailer in 2013, according to a source familiar with the matter.
In Germany, 60 conservative MPs oppose Merkel course on Greece
BERLIN (Reuters) – A total of 60 lawmakers in German Chancellor Angela Merkel’s 311-member conservative bloc voted against or abstained in a test ballot on Tuesday over a third bailout plan for Greece before the vote in parliament, participants told Re…
JPMorgan may settle with SEC on investment-steering case: WSJ
(Reuters) – JPMorgan Chase & Co is in advanced talks with U.S. regulators to pay more than $150 million to resolve allegations that it steered private-banking clients to its own products without proper disclosures, the Wall Street Journal reported, citing people familiar with the matter.
BNY Mellon to pay $14.8 million to settle intern bribery probe
(Reuters) – Bank of New York Mellon Corp will pay $14.8 million to settle U.S. civil charges it gave internships to family members of officials linked to a Middle Eastern sovereign wealth fund, violating federal bribery laws.
Wal-Mart profit misses estimates; cuts outlook as pharmacy margins bite
(Reuters) – Wal-Mart Stores Inc reported weaker quarterly earnings and lowered its annual forecast on Tuesday, as it copes with higher labor costs, a squeeze on pharmacy margins and sliding sales at its British supermarket chain.
Housing starts near eight-year high, but permits fall
WASHINGTON (Reuters) – U.S. housing starts rose to a near eight-year high in July as builders ramped up construction of single-family homes, suggesting that the economy was firing on almost all cylinders.
Internships: to pay or not to pay?
NEW YORK (Reuters) – For young people trying to get a foot on the career ladder, internships offer valuable experience.
Got China? Two big emerging market ETFs diverge on their exposure
NEW YORK (Reuters) – The two leading exchange-traded funds focusing on emerging markets have very different exposure to now-vulnerable Chinese stocks and will probably diverge further, a new analysis by S&P Capital IQ shows.
U.S. economy on track to grow 1.3 percent in third quarter: Atlanta Fed
NEW YORK (Reuters) – The U.S. economy is on track to grow at an annualized rate of 1.3 percent in the third quarter following news of a stronger-than-expected 0.6 percent rise in industrial output in July, the Atlanta Federal Reserve’s GDPNow forecast …
Brent down as China weighs; U.S. crude up on lower stockpile bet
NEW YORK (Reuters) – Global oil benchmark Brent fell on Tuesday after an equities rout in No. 2 oil consumer China, while U.S. crude rose from a near 6-1/2 year low on bullish U.S. housing data and bets for an inventory decline.
