Dollar near five-week peak vs yen on Fed official’s hawkish comments
TOKYO (Reuters) – The dollar hovered near five-week highs versus the yen on Tuesday after a top Federal Reserve official added to expectations that U.S. interest rates could be raised as early as September.
New York intensifies probe into Promontory work for Standard Chartered
NEW YORK (Reuters) – New York state’s banking regulator has intensified an investigation into Promontory Financial Group, a global consulting firm, over its work for Standard Chartered Plc , according to a person familiar with the matter.
Qualcomm may consider breakup: WSJ
(Reuters) – Qualcomm Inc is expected to conduct a strategic review that may result in the breakup of the company, among other options, the Wall Street Journal reported on Monday citing sources.
IBM revenue falls for 13th straight quarter; shares dip
(Reuters) – International Business Machines Corp’s revenue fell for the 13th consecutive quarter and missed the average analyst estimate, as it continued to shed low-margin businesses and the strong dollar weighed on Big Blue’s results.
Mexico’s Pemex pays $295 million to settle Siemens dispute: source
MEXICO CITY (Reuters) – Mexican state oil company Pemex reached a $295 million settlement with a group including German industrial conglomerate Siemens in a longstanding dispute over a refinery project, a person familiar with the matter said on Monday….
Lockheed to buy Black Hawk maker Sikorsky for $9 billion
WASHINGTON (Reuters) – Lockheed Martin Corp said Monday it would buy Black Hawk maker Sikorsky Aircraft from United Technologies Corp for $9 billion, cementing Lockheed’s dominance in weapons making.
Qualcomm preparing to lay off several thousand employees: tech website
(Reuters) – Chipmaker Qualcomm Inc is preparing to lay off several thousand employees, or more than 10 percent of its 30,000-strong workforce, the Information website reported on Monday.
Gold plunges to five-year lows after early Asia rout
NEW YORK/LONDON (Reuters) – Gold prices plunged more than 4 percent to five-year lows on Monday as a sudden bout of selling across Shanghai and New York markets during the illiquid early Asian trading hours triggered a mini flash crash, deepening bulli…
Wall Street ends flat as commodity drop caps gains
(Reuters) – Wall Street was little changed on Monday, as a better-than-expected start to corporate earnings season boosted investor confidence, but gains were curbed by a drop in commodities.
Options traders grow more bullish on big tech names
NEW YORK (Reuters) – Trading in a key technology fund’s options showed signs of growing bullishness on Monday ahead of earnings reports this week from big names in the sector, including Apple Inc , International Business Machines and Microsoft Corp .
