U.S. foreclosure activity in first half of 2015 fell to 10-year low
WASHINGTON (Reuters) – Foreclosure activity across the United States dropped to its lowest in a decade during the first half of 2015, according to data released Thursday.
ADB cuts Asia, China 2015, 2016 growth forecasts
MANILA (Reuters) – The Asian Development Bank (ADB) has cut its 2015 and 2016 growth forecasts for China and the rest of Asia, largely as a result of the slower than expected growth in the region’s largest economy and in developed economies elsewhere.
Greek parliament approves bailout measures as Syriza fragments
ATHENS (Reuters) – The Greek parliament passed sweeping austerity measures demanded by lenders to open talks on a new multibillion-euro bailout package to keep Greece in the euro, but dozens of hardliners in the ruling Syriza party deserted Prime Minis…
Exclusive: Toshiba faces $3 billion in charges over accounting scandal – sources
TOKYO (Reuters) – Toshiba Corp expects 300-400 billion yen ($2.4-3.2 billion) in charges related to improper accounting in an expanding probe that is set to force Chief Executive Hisao Tanaka to step down, sources familiar with the matter said on Wedne…
Greek parliament approves bailout prior measures package
ATHENS (Reuters) – The Greek parliament passed a sweeping package of austerity measures demanded by European partners as the price for opening talks on a multi-billion euro bailout package needed to keep the near-bankrupt country in the euro zone.
Netflix subscriptions far outpace expectations, shares up 9 percent
(Reuters) – Netflix Inc added nearly a third more subscribers than expected in the second quarter, sending its shares up 9.4 percent as the video streaming service said its investment in original television programs and movies was paying off.
Carl Icahn calls BlackRock a ‘dangerous’ company, cites ETF concerns
NEW YORK (Reuters) – Billionaire activist investor Carl Icahn on Wednesday lambasted BlackRock Inc , the world’s largest asset manager, as an “extremely dangerous company” because of the prevalence of its exchange-traded fund products, which Icahn deem…
Toshiba faces $3 billion in charges over accounting scandal: sources
TOKYO (Reuters) – Toshiba Corp expects 300-400 billion yen ($2.4-3.2 billion) in charges related to improper accounting in an expanding probe that is set to force Chief Executive Hisao Tanaka to step down, sources familiar with the matter said on Wedne…
BofA profit soars as costs fall to lowest since 2008
(Reuters) – Bank of America Corp , the No. 2 U.S. bank by assets, reported its biggest quarterly profit in nearly four years as expenses fell to their lowest since the financial crisis.
Intel serves up revenue, profit beat as data center business grows
(Reuters) – Intel Corp reported better-than-expected quarterly results on Wednesday as growth in its data centers and Internet-of-Things businesses helped offset weak demand for personal computers that use the company’s chips.
