TeamHealth to buy IPC Healthcare in $1.6 billion deal
(Reuters) – TeamHealth Holdings Inc , which supplies doctors to U.S. hospitals, said it would buy IPC Healthcare Inc in a deal valued at $1.6 billion.
Kellogg sales beat estimates as it sells more in Latam
(Reuters) – Corn Flakes and Rice Krispies maker Kellogg Co reported better-than-expected quarterly net revenue as higher sales in Latin America made up for lower demand for its cereals and snacks in the United States and the impact of a strong dollar.
UK takes one billion pounds hit in RBS sell-off
LONDON (Reuters) – Britain took a 1.1 billion pound ($1.7 billion) loss on its first sale of shares in Royal Bank of Scotland (RBS) on Tuesday, sparking accusations of poor timing from opposition politicians.
China stock exchanges step up crackdown on short-selling
SHANGHAI/HONG KONG (Reuters) – China stepped up a crackdown on short-selling of shares on Tuesday, unveiling rules that make it harder for speculators to profit from hourly price changes, as some of the nation’s major brokerages suspended their short-s…
Alibaba hires former Goldman banker Evans as president
BEIJING (Reuters) – Alibaba Group Holding Ltd has hired former Goldman Sachs Group Inc partner Michael Evans to oversee the e-commerce company’s international expansion, a top priority as the firm looks beyond China to sustain its heady growth rates.
Aetna profit beats as government plans expand
(Reuters) – Aetna Inc reported a better-than-expected adjusted net profit for the second quarter as it added more members to its government plans and medical costs remained stable.
U.S. DoJ probes Deutsche trades worth billions: source
(Reuters) – The U.S. Department of Justice is investigating trades worth billions of dollars that Deutsche Bank AG made on behalf of Russian clients, a person familiar with the situation told Reuters on Tuesday.
Oil edges back up to $50 a barrel from six-month low
LONDON (Reuters) – Oil recovered to just above $50 a barrel on Tuesday after touching a six-month low in the previous session, although high global production and concern over the economic outlook in China weighed on the outlook.
Respite for commodities as dollar wilts, China bounces
LONDON (Reuters) – Oil prices steadied at $50 a barrel after a 5 percent drop and badly bruised commodity and Chinese markets were calmer generally on Tuesday, as investors attempted to shake off the recent turbulence.
Hyundai cuts prices on SUVs to counter China slowdown
BEIJING (Reuters) – South Korea’s Hyundai Motor Co cut the price of two sport-utility vehicle (SUV) models in China by as much as 11.8 percent, the company said on Tuesday, the latest carmaker to do so as a sales slowdown grips the world’s largest auto…
