Citigroup sets aside $600 million more to cover legal costs
(Reuters) – Citigroup Inc said it was setting aside an extra $600 million to cover legal expenses in the third quarter due to “rapidly evolving regulatory inquiries,” while also disclosing that it was subject to foreign exchange market probes.
World Bank to cut 500 jobs in some units as part of revamp
WASHINGTON (Reuters) – The World Bank said it plans to cut 500 jobs over the next three years as part of a broad restructuring meant to make it more efficient but that has rattled employees.
Wall St. up on GDP, earnings; fund year-end lifts winners
NEW YORK (Reuters) – U.S. stocks rose on Thursday, boosted by a strong reading on quarterly economic growth and by another round of upbeat earnings reports including Visa, which accounted for nearly 140 points in the Dow industrials.
Citigroup sets aside $600 million more to cover legal costs
(Reuters) – Citigroup Inc said it was setting aside an extra $600 million to cover legal expenses in the third quarter due to “rapidly evolving regulatory inquiries,” while also disclosing that it was subject to foreign exchange market probes.
Starbucks Americas sales disappoint on softer traffic
(Reuters) – Starbucks Corp’s early re-launch of its popular Pumpkin Spice latte drink failed to heat up business at its U.S. cafes, disappointing Wall Street and sending the company’s shares down almost 5 percent.
Hiring business drives LinkedIn’s revenue beat
(Reuters) – Corporate networking site LinkedIn Corp reported better-than-expected quarterly profit and revenue as more businesses used its services to hire staff.
Western Union beats as more people use Web, mobile money transfer
(Reuters) – Western Union Co , the world’s largest money-transfer company, reported a better-than-expected quarterly profit as lower prices drew more customers, particularly to its digital money transfer business.
Hiring business drives LinkedIn’s revenue beat
(Reuters) – Corporate networking site LinkedIn Corp reported better-than-expected quarterly profit and revenue as more businesses used its services to hire staff.
Trade, defense buoy U.S. economy, but some weakness creeps in
WASHINGTON (Reuters) – A smaller trade deficit and surge in defense spending buoyed U.S. economic growth in the third quarter, but domestic demand slipped, hinting at some loss of momentum.
U.S. regulator to Takata: Give us faulty air-bag documents
DETROIT (Reuters) – U.S. auto safety regulators on Thursday ordered Japanese supplier Takata Corp to provide documents and answer questions under oath related to the government’s ongoing probe of potentially defective Takata air bags in millions of U.S…
