Apple unveils watch, larger iPhones in bid to retake innovation crown
By Christina Farr, Alexei Oreskovic and Deepa Seetharaman
U.S. states probe Home Depot breach, senators seek FTC investigation
NEW YORK (Reuters) – Two senators asked the federal government to investigate a data breach on the payment-card processing systems of Home Depot Inc and five U.S. states launched a probe into the matter on Tuesday as fallout from last week’s attack int…
U.S. Fed official’s bank capital comments pressure stocks
WASHINGTON (Reuters) – A Federal Reserve official on Tuesday warned the biggest U.S. banks they would soon face new funding rules that exceed international standards, a move he said could lead some firms to shrink rather than face the strict requiremen…
Exclusive: PDVSA seeks bids for Citgo in potential $10 billion deal – sources
NEW YORK (Reuters) – Venezuela’s state-run oil company PDVSA [PDVSA.UL] is seeking preliminary offers for its U.S. unit Citgo Petroleum Corp [PDVSAC.UL] by the end of September, a deal that could fetch up to $10 billion, according to two people familia…
Jack Ma, ‘capital-lite’ model impress at Alibaba’s Boston IPO event
BOSTON (Reuters) – Alibaba Group Holding Ltd has two major things going for it as it prepares for an initial public offering that could raise more than $21 billion: founder Jack Ma and a “capital-lite” business model.
S&P to decide in 30 days whether to downgrade Areva to junk
PARIS (Reuters) – Credit ratings agency Standard & Poor’s has put French nuclear power engineering group Areva on “creditwatch negative” and will decide within 30 days whether to downgrade its credit ratings by one notch into non-investment grade territory.
With no bank in charge, Alibaba’s bankers learn to work together
(Reuters) – Alibaba Group Holding Ltd’s desire to keep tight control over its $21.1 billion share sale has left a vacuum at the helm of its banking syndicate, leading underwriters to take unusual steps to manage the offering, according to sources famil…
Chesapeake Energy to face racketeering charges in Michigan trial
(Reuters) – Natural gas and oil producer Chesapeake Energy Corp must face trial on charges of felony racketeering and using false pretenses related to its land-leasing practices, a state judge has ruled.
Exclusive: S&P, Markit finalists for $1 billion-plus Barclays index unit – sources
NEW YORK (Reuters) – Index provider Standard & Poor’s and financial information services provider Markit Ltd have emerged as final bidders for Barclays Plc’s index business, which could fetch more than $1 billion, according to people familiar with the matter.
Daimler takes on Porsche with launch of AMG-GT sportscar
AFFALTERBACH Germany (Reuters) – Daimler on Tuesday launched the Mercedes-AMG GT, a sleek two-door coupe with more than 500 horsepower designed to poach Porsche customers as part of an effort to expand its offering of upmarket sportscars.
