New York Times profit beats as digital ad sales jump
(Reuters) – New York Times Co reported higher-than-expected quarterly revenue and profit, as higher digital subscription and advertising sales largely balanced a fall in print ad revenue.
JPMorgan to pay $500 million in mortgage settlement
NEW YORK (Reuters) – JPMorgan Chase & Co has agreed to pay $500 million to end more than six years of class action litigation over Bear Stearns’ sale of $17.58 billion of mortgage securities that proved defective during the U.S. housing and financial crises.
Oil prices continue rally on solid U.S. manufacturing figures
LONDON (Reuters) – Oil rose further on Tuesday on solid U.S. manufacturing data and a weaker dollar, building on gains sparked by expectations that output will suffer following reports of declining rig counts and cuts in capital expenditure.
BP deepens capex cuts, surprises with Rosneft profit
LONDON (Reuters) – BP said it would deepen capital investment cuts this year to adapt to lower oil prices after a surprise contribution from its stake in Russia’s firm Rosneft helped it to beat quarterly profit forecasts.
Wall Street to gain at open on Greek deal hopes, oil lift
NEW YORK (Reuters) – U.S. stock index futures pointed to a modestly higher open on Tuesday, with the benchmark S&P 500 index set to continue a rally fueled by hopes of a deal on Greek debt and by firmer oil prices.
Greek plans lift European shares, euro zone debt
LONDON (Reuters) – European shares rallied and yields on euro zone government bonds tumbled on Tuesday after the new Greek government dropped calls for a write-off of its foreign debt.
Amazon, Sprint may buy some Radioshack stores: Bloomberg
(Reuters) – Amazon.com Inc and Sprint Corp are considering acquiring some RadioShack stores after the troubled electronics retailer files for bankruptcy, Bloomberg reported, citing people with knowledge of the discussions.
Staples, Office Depot in advanced talks to merge: WSJ
(Reuters) – Office-supply chains Staples Inc and Office Depot Inc are in advanced talks to merge, the Wall Street Journal reported, citing people familiar with the matter.
Lenovo quarterly revenue jumps 31 percent, tops expectations
BEIJING (Reuters) – Lenovo Group Ltd, the world’s leading PC maker, said on Tuesday its third-quarter revenue rose 31 percent to $14.1 billion, beating investor expectations, as its mobile division sales more than doubled following its acquisition of M…
S&P, Calpers settle suit over mortgage deals for $125 million: WSJ
(Reuters) – Standard & Poor’s has reached a $125 million settlement with California’s public pension system, Calpers, to resolve a case involving inflated grades of residential mortgage deals that later faltered, the Wall Street Journal reported, citing people familiar with the situation.
