Home Depot says U.S. housing recovery to boost sales in second half
(Reuters) – Home Depot Inc said it expected same-store sales to grow faster in the second half of the year as customers renovate homes with big-ticket purchases such as wood and laminate flooring in a recovering U.S. housing market.
BHP announces spin-off plan, no share buyback for now
MELBOURNE/LONDON (Reuters) – The world’s biggest mining company, BHP Billiton, announced plans to spin off businesses worth an estimated $16 billion, most of them acquired in a 2001 merger, to focus on its most profitable activities.
Allergan seeks deal with Salix to fend off Valeant: WSJ
(Reuters) – Botox maker Allergan Inc has approached Salix Pharmaceuticals Ltd and at least one other company about a potential takeover in a bid to avert the $53 billion hostile takeover from Valeant Pharmaceuticals International Inc, the Wall Street J…
Deutsche Bahn sues airlines in U.S. over 1999-2006 price fixing
BERLIN (Reuters) – Deutsche Bahn [DBN.UL] is suing airlines in the United States for operating a price-fixing cartel affecting its freight business between 1999-2006, the German transport company told Reuters.
Citi tells court its Argentina banking license at risk
NEW YORK (Reuters) – Citigroup has told the U.S. appeals court overseeing the dispute between Argentina and hedge funds refusing to accept terms of the country’s debt restructuring that its Argentine banking license may be at risk as a result of the st…
U.S. housing market improving, inflation pressures muted
WASHINGTON (Reuters) – U.S. housing starts surged to an eight-month high in July, suggesting the nation’s housing market recovery was back on track after stalling in the second half of last year.
Citi considering sale of Japan retail banking unit : WSJ
(Reuters) – Citigroup Inc is considering the sale of its retail-banking business in Japan, the Wall Street Journal said on Wednesday, citing people familiar with the matter.
GM expands website for owners of recalled vehicles
DETROIT (Reuters) – General Motors Co’s website for owners of its vehicles recalled for faulty ignition switches has been expanded to include all 20 models involved, the automaker said.
Heinz recalls four batches of infant food in China
BEIJING (Reuters) – Ketchup maker H.J. Heinz Co has recalled some infant food in eastern China after it was found to contain lead in excess of the allowable limit, the company said on Monday.
Iraqi Kurdistan oil pipeline export capacity to double
DUHOK Iraq/ANKARA (Reuters) – The capacity of Iraqi Kurdistan’s independent oil pipeline will almost double to at least 200,000 barrels per day by the end of this month, helping the semi-autonomous region increase exports and revenue, industry sources …
