U.S. business inventories, sales rise in June
WASHINGTON (Reuters) – U.S. business inventories rose in June, but a modest gain in stocks at non-automobile retailers suggested that the growth estimate for the second quarter could be revised a bit lower.
U.S. Fed seen moving slowly after first rate hike in second quarter 2015: Reuters poll
WASHINGTON (Reuters) – The U.S. Federal Reserve is expected to move in baby steps when it starts to bump up borrowing costs from a record low, but it won’t do so until the second quarter of next year, according to the latest Reuters poll of economists….
Deere posts lower quarterly profit, cuts full-year outlook
(Reuters) – Deere & Co posted a lower quarterly profit on Wednesday and cut its full-year outlook as declining grain prices discouraged farmers from purchasing its tractors, harvesters and other agricultural machinery.
Audi says faces penalty for anti-competitive behavior in China
MUNICH (Reuters) – Volkswagen ‘s premium auto unit Audi on Wednesday said it would accept a penalty and change management processes at one of its China units after a regional authority said it had discovered violations of anti-monopoly laws.
Exclusive – Life after Pimco: how bond manager Seidner beat his old boss Gross
NEW YORK (Reuters) – Marc Seidner, who left Pimco earlier this year just as the fixed income powerhouse was about to be roiled by internal strife, is beating his old boss Bill Gross at a game Gross used to dominate: calling the bond market.
Brokerages face exodus as advisers get better deal in indie firms
NEW YORK (Reuters) – The four biggest U.S. brokerage firms are facing an exodus of employees who are finding they can make more money and save on taxes by taking their clients and starting an independent firm before they retire.
Alibaba bonus scheme strengthens Ma’s control
BEIJING (Reuters) – Jack Ma, founder and executive chairman of Alibaba Group Holding, holds deep sway over executive and board appointments at China’s biggest e-commerce company, and that influence is set to strengthen further at the firm, which is hea…
U.S. mortgage applications fall in latest week: MBA
NEW YORK – Applications for U.S. home mortgages fell last week as both purchase and refinancing applications declined, an industry group said on Wednesday.
Telecom Italia CEO to meet Vivendi’s Bollore on GVT bid: sources
ROME (Reuters) – The head of Telecom Italia is set to meet Vivendi chairman Vincent Bollore on Wednesday or Thursday to discuss an offer for the French group’s Brazilian broadband unit GVT, two sources with knowledge of the matter said.
Goldman Sachs a final bidder for $1.6 billion Tokyo building: sources
TOKYO (Reuters) – A Goldman Sachs Group Inc unit is a final bidder for a Tokyo office tower in a deal that could fetch about 165 billion yen ($1.6 billion), said people familiar with the deal, which could be the biggest office property deal in six year…
