Stated income loans make comeback as mortgage lenders seek clients
(Reuters) – Mortgage applicants who can’t provide tax returns or pay stubs to show their income are getting stated income loans again as companies such as Unity West Lending and Westport Mortgage chase customers they can no longer afford to ignore.
UPS, Fedex get approval for express services in more Chinese cities
SHANGHAI (Reuters) – After years of waiting, United Parcel Service Inc (UPS) and FedEx Corp have received licenses in China to extend domestic express package services to Beijing and other cities without needing joint-venture partners.
M&S patches up ‘consumer love affair’ for merrier Christmas
LONDON (Reuters) – British retailer Marks & Spencer is close to having both its food and general merchandise divisions “firing on all cylinders” and expects a better Christmas after poor clothing sales hit last holiday season, according to its food business head.
Electrolux, Quirky in talks to buy GE home appliances unit : Bloomberg
(Reuters) – General Electric Co is reportedly in talks with Sweden’s Electrolux AB and Quirky Inc to sell its household appliances unit, Bloomberg reported, citing people familiar with the matter.
Atlantic City aims to counter bad publicity with ad campaign
(Reuters) – Atlantic City’s supporters have launched an ad campaign to reverse what they see as an onslaught of bad publicity about the New Jersey seaside resort, where four of 12 casinos have recently announced plans to close.
Argentina slams U.S. judge, holdouts see no private debt deal
BUENOS AIRES/NEW YORK (Reuters) – Prospects for a private sector solution to Argentina’s sovereign debt dispute deteriorated on Wednesday after holdout investors said they entertained no realistic offers from bankers while the government dashed hopes i…
Cisco to cut another 6,000 jobs as forecast falls flat
(Reuters) – Cisco Systems Inc forecast tepid current-quarter results and said it plans to cut another 6,000 jobs, as the network equipment maker works through a transition toward a new cycle of high-end switches and routers.
Biotechs lift Wall Street; Dow back in black for 2014
NEW YORK (Reuters) – U.S. stocks ended higher on Wednesday, with the Dow Jones industrial average returning to positive territory for the year, as surging biotech shares helped investors shrug off disappointing retail sales data.
American Apparel appoints Google executive Laura Lee to board
(Reuters) – Struggling retailer American Apparel Inc named Google Inc executive Laura Lee as the second woman director on its board.
Carlyle taps banks for former DuPont unit IPO: sources
NEW YORK (Reuters) – Buyout firm Carlyle Group LP has hired banks for an initial public offering of Axalta Coating Systems LLC, according to people familiar with the matter, just a year and a half after it acquired the company from Dupont for $4.9 bill…
