Bank of America replaces CFO in management shake-up
(Reuters) – Bank of America Corp said on Wednesday it would replace its chief financial officer and its wealth management chief, a week after the bank reported its biggest quarterly profit in nearly four years.
Qualcomm slashes jobs and costs, says may split itself up
(Reuters) – Chipmaker Qualcomm Inc said it may break itself up as it delivered its third profit warning this year and announced plans to slash jobs and spending in the face of rising competition.
Anthem set to announce deal for Cigna this week: source
(Reuters) – Health insurer Anthem Inc is close to finalizing negotiations to acquire peer Cigna Inc and could announce a roughly $48 billion deal as early as this week, according to a person familiar with the matter.
Greek bailout vote puts Syriza party rebellion to the test
ATHENS (Reuters) – Greek Prime Minister Alexis Tsipras sought on Wednesday to contain a rebellion in his left-wing Syriza party ahead of a vote on a second package of reforms required to start talks on a rescue deal.
Cost cutting eases strong-dollar pain for American Express
(Reuters) – Credit card issuer American Express Co reported a better-than-expected second-quarter profit as it benefited from cost-savings after cutting jobs.
Caesars faces bankruptcy after losing key ruling
CHICAGO/WILMINGTON, Del. (Reuters) – Caesars Entertainment Corp may be closer to joining its operating unit in bankruptcy after a federal judge refused to protect the casino company from creditor lawsuits seeking up to $11 billion, sending its stock pl…
Lockheed Sikorsky deal marks turning point for more assertive CEO
WASHINGTON (Reuters) – Lockheed Martin Corp’s decision to buy helicopter maker Sikorsky Aircraft and sell $6 billion in lower-margin units marks a clear turning point for Lockheed CEO Marillyn Hewson, who is shaking up the world’s largest weapons maker…
Obama says Ex-Im Bank lapse hurts small businesses
WASHINGTON (Reuters) – President Barack Obama on Wednesday urged lawmakers to renew the charter for the U.S. Export-Import Bank before leaving for an August break, saying small and large businesses alike have been hurt by the lapse in new loan guarante…
Wall Street ends lower as tech stocks weigh
(Reuters) – Wall Street declined for a second straight session on Wednesday as the technology sector fell on disappointing results from giants including Apple.
Daimler’s Mercedes eyes good second half in China
BERLIN (Reuters) – Daimler’s Mercedes-Benz is confident of a good second half of the year in China, despite problems experienced by rivals, a board member told a German online magazine.
