Citi sells more branches in Texas to BB&T
(Reuters) – Citigroup Inc agreed to sell another 41 branches in Texas to BB&T Corp as the third-largest U.S. bank cuts back on brick-and-mortar outlets and focuses on online banking.
Argentina proposes France as bond payment jurisdiction
BUENOS AIRES (Reuters) – Argentina’s Senate on Wednesday began debating a bill designed to sidestep U.S. court-rulings that led to the South American country’s July debt default, including an amendment to add France as a jurisdiction for making bond pa…
Apple shares slump ahead of September 9 iPhone launch
NEW YORK (Reuters) – Apple Inc shares were on track Wednesday for their worst day since January just days ahead of the launch of its latest iPhone, with one brokerage warning of a stock downgrade unless its new products show better promise for profit g…
Exclusive: Hospira talks with Danone on $5 billion tax inversion deal stall
LONDON (Reuters) – U.S. drugmaker Hospira’s HSP.N talks to buy the medical nutrition unit of Danone DANO.PA and use the deal to move its tax domicile abroad have stalled, according to people familiar with the matter, as attempts by U.S. companies to relocate abroad and cut their tax bills draw growing criticism back home.
Ford sees U.S. August industry auto sales up 3 percent
DETROIT (Reuters) – Ford Motor Co sales analyst Erich Merkle said the company expects U.S. auto industry sales to rise 3 percent in August, easily beating expectations of a 0.1 percent gain.
Transportation buoys new U.S. factory orders in July
WASHINGTON, Sept 3 (Reuters) – – New orders for U.S. factory goods jumped in July on robust demand for transportation equipment, with the overall trend pointing to strengthening manufacturing activity.
U.S. group raises due process concern over China antitrust probes
BEIJING (Reuters) – Companies facing antitrust investigations in China are subject to a host of pressure tactics from regulators, a business lobby said on Wednesday, in the latest report to cite due process concerns over China’s anti-monopoly enforceme…
U.S. consumers turn to auto loans at a record rate
NEW YORK (Reuters) – A record number of U.S. consumers are taking out loans to buy cars, especially those purchasing used vehicles, according to data released on Wednesday.
U.S. mortgage applications rise in latest week: MBA
NEW YORK (Reuters) – Applications for U.S. home mortgages rose last week as interest rates declined, an industry group said on Wednesday.
Swiss watchdog investigates Espirito Santo private bank
ZURICH (Reuters) – Switzerland’s financial regulator said on Wednesday it is investigating Banque Privee Espirito Santo SA (BPES), a Swiss private bank which is part of the Espirito Santo family’s troubled business empire.
