U.S. Federal Trade Commission’s Joshua Wright to resign: FTC
WASHINGTON (Reuters) – Republican Commissioner Joshua Wright is stepping down from the U.S. Federal Trade Commission this month, the agency said in a statement on Monday.
U.S. investigates Citigroup ties to Mexican billionaire: report
MEXICO CITY (Reuters) – The U.S. Justice Department is looking into Citigroup Inc’s dealings with companies linked to Mexican billionaire Carlos Hank Rhon as part of an expanding investigation into the bank’s money-laundering controls, Bloomberg report…
Home builder sentiment rises in August: NAHB
NEW YORK (Reuters) – U.S. homebuilder sentiment rose in August to its highest level since a matching reading almost a decade ago, the National Association of Home Builders said on Monday.
Target promotes CFO John Mulligan to newly created COO role
(Reuters) – Target Corp promoted Chief Financial Officer John Mulligan to the newly created role of chief operating officer, and appointed Express Scripts Holding Co’s CFO, Cathy Smith, as his replacement.
New York state factory activity tumbles to lowest since 2009: NY Fed
NEW YORK (Reuters) – Manufacturing activity in New York state plunged to its weakest level in August since 2009 due to steep drops in new orders and shipments, although optimism on future business improved, a New York Federal Reserve survey showed on M…
Noble Group open to selling core businesses to boost confidence: CEO
SINGAPORE (Reuters) – Noble Group is open to selling its core businesses, its chief executive said, as Asia’s biggest commodities trader pursues options to boost market confidence after a bruising accounting dispute.
UK’s Morrisons in talks to sell convenience stores
LONDON (Reuters) – Morrisons , Britain’s fourth-largest grocer, is in advanced talks to sell its convenience stores to investment firm Greybull Capital as new chief executive David Potts seeks to focus the business on its traditional supermarket estate…
European stocks rebound from worst week in six
LONDON (Reuters) – European stocks rebounded from last week’s heavy selloff on Monday and the dollar rose broadly, with investors reassured by stability in China’s yuan exchange rate after it was fixed slightly higher for the second day running.
India’s IndiGo finalizes $26.5 billion purchase of 250 new Airbus jets
NEW DELHI/SINGAPORE (Reuters) – IndiGo, India’s biggest airline by market share, has finalised the purchase of 250 Airbus A320neo aircraft, handing the European company its largest-ever order by number of planes in a deal worth $26.55 billion at list p…
Japan economy shrinks in second quarter in setback for ‘Abenomics’
TOKYO (Reuters) – Japan’s economy shrank at an annualized pace of 1.6 percent in April-June as exports slumped and consumers cut back spending, adding pressure on Prime Minister Shinzo Abe to step up his policy drive to lift the economy out of decades …
