IMF board likely to back Lagarde during French probe: sources
WASHINGTON (Reuters) – The International Monetary Fund’s board is likely to stand behind the global lender’s leader, Christine Lagarde, who is facing a criminal investigation in France tied to a political corruption probe, sources close to the board sa…
ECB’s Coeure says action needed for euro zone recovery
ATHENS (Reuters) – Economic recovery in Europe requires action both on the demand and supply sides and persistence with structural reforms, European Central Bank Executive Board member Benoit Coeure said on Thursday.
Dollar General margins fall in tough discount market
(Reuters) – Dollar General Corp reported lower margins and slower-than-expected growth in quarterly same-store sales, reinforcing the need for consolidation among deep-discount retailers as it vies to take over its closest rival.
U.S. second-quarter growth strengthens
WASHINGTON (Reuters) – The U.S. economy rebounded more strongly than initially thought in the second quarter with a bigger chunk of the growth driven by domestic demand in a bright sign for the future.
Ford to halt Romanian production in Sept: report
BUCHAREST (Reuters) – Ford Motor Co. will halt production at its Romanian car factory for nine days in September because of low demand, Ford Romania spokeswoman Ana-Maria Timis was quoted as saying on Thursday by local news agency Mediafax.
JPMorgan probes possible cyber attack; reports other banks hit
(Reuters) – JPMorgan Chase & Co is investigating a possible cyber attack and working with law enforcement authorities to determine the scope, a company spokeswoman said on Thursday morning.
Pending home sales point to stronger market
WASHINGTON (Reuters) – Americans signed more contracts in July to buy previously-owned homes than in any month in almost a year, suggesting the housing market was pulling out of its slump more quickly than expected.
Benmosche says he sped up exit amid year-to-live prognosis: Bloomberg
(Reuters) – Robert Benmosche, the outgoing Chief Executive of American International Group Inc , sped up his exit from the insurer after learning that he had at most a year to live, Bloomberg reported.
BP says Whiting refinery still in production after fire
HOUSTON (Reuters) – BP Plc said its largest U.S. refinery, at Whiting, Indiana, continued to operate on Thursday morning following a blaze the night before that was expected to have a minimal impact on production.
Jobless claims fall for second consecutive week
WASHINGTON, (Reuters) – The number of Americans filing new claims for unemployment benefits fell for a second straight week last week, underscoring the strengthening labor market fundamentals.
