Greece, Europeans must reach deeper deal before IMF program possible
WASHINGTON (Reuters) – The International Monetary Fund can only approve new loans for Greece after Athens reaches an agreement with European governments that would ensure it can pay its debts, an IMF official said on Thursday.
Flying through Dallas: Virgin America CEO says worst is over
(Reuters) – Virgin America Inc , a low-cost airline partly owned by billionaire Richard Branson, said it expects business to improve in Dallas, a major airline hub where competition has led to increased discounting.
Oil companies slash spending, jobs as prices slide for second time
HOUSTON (Reuters) – The stark reality of a much-feared second dip in crude prices is prompting global oil majors and nimble U.S. shale companies alike to ax spending once again a year after the first price crash started.
L’Oreal says sales growth to accelerate in H2
PARIS (Reuters) – French cosmetics group L’Oreal sees sales growth accelerating in the second half as demand in Western Europe and the United States improves.
Consumer spending bolsters U.S. second-quarter growth
WASHINGTON (Reuters) – U.S. economic growth accelerated in the second quarter as solid consumer spending offset the drag from weak business spending on equipment, suggesting a steady momentum that could bring the Federal Reserve closer to hiking intere…
ITG shares plunge on likely dark pool settlement with regulators
NEW YORK (Reuters) – Shares of brokerage Investment Technology Group were down more than 20 percent on Thursday after the company said it had set aside $20.3 million for a probable settlement with regulators related to how it ran its “dark pool.”
Greece says IMF is taking part in bailout talks
ATHENS (Reuters) – The International Monetary Fund (IMF) will take part in top-level talks on Greece’s third multi-billion euro bailout program on Friday, a Greek Finance Ministry official said on Thursday.
Health insurer Cigna says second-quarter medical costs stay low; profit beats
(Reuters) – Health insurer Cigna Corp, which agreed last week to be bought by Anthem Inc for $47 billion, said on Thursday that medical services use was low in the second quarter, helping to keep costs in check and beat Wall Street profit estimates.
NYC property market still hot even as private equity exits
NEW YORK (Reuters) – The private equity and other pooled funds that have made century-old buildings some of the hottest properties in Manhattan have been cashing out at double the rate of a few years ago, but strong buying from other investors has assu…
Time Warner Cable targets closing Charter deal by year end
(Reuters) – Time Warner Cable Inc said on Thursday it was working towards closing the deal with Charter Communications by the end of the year.
