Exclusive: Wells Fargo explores sale of crop insurance business
(Reuters) – Wells Fargo & Co may divest its crop insurance business, one of the biggest in the United States, a spokeswoman told Reuters on Tuesday, as regulatory restrictions on U.S. banks force some to reconsider underwriting insurance policies.
GM’s Cadillac targets 500,000 annual global vehicle sales by 2020
(Reuters) – General Motors Co luxury brand Cadillac aims to increase its annual sales to half a million vehicles worldwide by 2020 from an expected 275,000 this year, Cadillac’s top executive said on Tuesday.
Greece and lenders agree bailout, shares rally
ATHENS (Reuters) – Greece and its international lenders reached an 85 billion euro bailout agreement on Tuesday after nailing down the terms of new loans needed to save the country from financial ruin.
Credit Suisse in talks to settle ‘dark pool’ allegations: WSJ
(Reuters) – Credit Suisse Group AG is in talks to settle allegations related to its Crossfinder “dark pool” trading venue, which could result in a fine running in the high tens of millions of dollars, the Wall Street Journal reported, citing people fam…
Buffett’s biggest deal casts light on pension burden
NEW YORK (Reuters) – Growing pension obligations at Precision Castparts Corp , which Berkshire Hathaway has agreed to buy for $32 billion, highlight an issue that large U.S. corporations still face, almost a decade into a low-interest rate environment….
Fueled by low pump prices, U.S. motorists to drive more in August: survey
NEW YORK (Reuters) – Roughly one in three U.S. motorists expect to drive more in August as low gasoline prices help fuel optimism for the broader economy, a new retail survey released on Tuesday shows.
Symantec to sell Veritas for $8 billion to focus on security software
(Reuters) – Norton antivirus software maker Symantec Corp has agreed to sell its data storage unit, Veritas, for $8 billion to a group led by Carlyle Group LP as it seeks cash to turn around its core security software business.
Emirates Airline rejects Delta’s criticism of overcapacity on Dubai-US routes
DUBAI (Reuters) – Emirates Airline [EMIRA.UL] said on Tuesday that Gulf airlines were not to blame for overcapacity on services between the United States and Dubai, rejecting comments at the weekend by U.S. carrier Delta Air Lines .
Google overhaul ‘shareholder friendly’ but details scarce
(Reuters) – Google Inc’s overhaul of its operating structure is an acknowledgement of the lack of transparency surrounding its disparate businesses and projects, analysts said, but it remains to be seen how much more the company will actually disclose….
CME Group cuts 3 percent of employees in another round of reductions
CHICAGO (Reuters) – CME Group Inc has eliminated about 3 percent of its employees in the second significant round of job cuts in less than a year at the world’s largest futures exchange operator.
