AbbVie to reconsider recommendation for Shire acquisition
(Reuters) – AbbVie Inc said it intends to reconsider its recommendation to its shareholders to vote in favor of the 32 billion pound ($54.7 billion) merger with Shire Plc due to the changing U.S. tax regulations.
U.S. stocks slide allows short sellers to smile again
BOSTON (Reuters) – The stock market’s long-suffering short sellers finally have something to smile about.
Wal-Mart to offer digital movie access to customers
(Reuters) – Wal-Mart Stores Inc is launching a new service for customers to access digital copies of movies they buy at its stores and website across all platforms.
Citi’s consumer banking head plans to leave: WSJ
(Reuters) – Manuel Medina-Mora, head of Citigroup Inc’s consumer banking and chairman of the company’s troubled Mexico unit, is preparing to leave in the coming months, the Wall Street Journal reported, citing people with knowledge of the situation.
Citi pulls out of consumer banking in 11 countries, profit jumps
(Reuters) – Citigroup Inc said it was pulling out of consumer banking in 11 markets, including Japan and Egypt, as the U.S. bank with the biggest international business looks to cut persistently high costs.
Toyota China JV recalls 93,700 sedans due to leaking brake fluid
SHANGHAI (Reuters) – Toyota Motor Corp’s Chinese joint venture will recall 93,700 cars due to leaking brake fluid, China’s quality watchdog said on Wednesday.
JPMorgan’s profit misses; posts unexpected $1 billion legal expense
(Reuters) – JPMorgan Chase & Co reported lower-than-estimated third-quarter profit on Tuesday as unexpected legal expenses of $1 billion caught analysts off guard and offset strength in its capital markets and lending businesses.
S&P 500, Nasdaq break three-day slide but Dow dips
NEW YORK (Reuters) – The S&P 500 and Nasdaq ended up slightly on Tuesday, breaking a three-day string of declines that marked their worst losses since 2011, while the Dow finished lower for a fourth session on lingering worries about global demand.
Citi pulls out of consumer banking in 11 countries, profit jumps
(Reuters) – Citigroup Inc said it is pulling out of consumer banking in 11 markets, including Japan and Egypt, as the U.S. bank with the biggest international business looks to cut persistently high costs.
Wells Fargo profit rises 1.7 percent as mortgage business steadies
(Reuters) – Wells Fargo & Co said third-quarter profit rose 1.7 percent, after the biggest U.S. mortgage lender’s home loan business eked out its first income increase since the end of 2012.
