Los Angeles Clippers sale to Steve Ballmer finalized: NBA
LOS ANGELES (Reuters) – Steve Ballmer, the former head of Microsoft, has completed his $2 billion purchase of the Los Angeles Clippers basketball team, ending a saga that began when former team owner Donald Sterling was heard making racist remarks to h…
Fresh data shows U.S. jobs market tightening
WASHINGTON (Reuters) – The share of unemployed Americans competing for each open job hit a six-year low in June, suggesting a labor market tightening that could give way to faster wage growth.
Bischoff to become chairman of JPMorgan in Europe
LONDON (Reuters) – Win Bischoff, chairman of Britain’s accounting watchdog the Financial Reporting Council, will also become chairman of JPMorgan Chase’s European arm from January, the investment bank said on Tuesday.
Chrysler creates vehicle safety office, puts veteran in charge
DETROIT (Reuters) – Chrysler Group LLC on Tuesday announced the establishment of a new office called “vehicle safety and regulatory compliance” led by a veteran company senior vice president, Scott Kunselman.
ECB balance sheet shrinks in week to August 8
FRANKFURT (Reuters) – The balance sheet of the European Central Bank and the euro zone’s national central banks contracted by 34.425 billion euros ($45.95 billion) to 2.025 trillion euros in the week that ended on Aug. 8, the ECB said on Tuesday.
Philip Morris prepared to sue UK over plain cigarette packaging
LONDON (Reuters) – Philip Morris International, the world’s largest tobacco company, is prepared to sue the British government should it implement a law requiring plain packaging of cigarettes, a document seen by Reuters on Tuesday showed.
U.S. small business sentiment rises in July: NFIB
WASHINGTON (Reuters) – U.S. small business sentiment rose in July, in a boost to the economic outlook at the start of the third quarter.
VW brand sales rise as Europe, China demand offsets Americas drop
BERLIN (Reuters) – German carmaker Volkswagen increased sales at its core passenger-car brand by 4 percent in July as higher deliveries in Europe and China offset declines in the Americas.
Exclusive: Private equity seeks assurances from U.S. regulators over loans
(Reuters) – The private equity industry’s lobbying group met officials from the Office of the Comptroller of the Currency and the Federal Reserve last week to address concerns over a crackdown on junk-rated loans, people familiar with the matter said o…
In tech hiring case, a new player at the table
SAN FRANCISCO (Reuters) – It’s not often that a judge decides to blow up a settlement worth hundreds of millions of dollars because it is too low, but San Francisco attorney Daniel Girard convinced one Silicon Valley jurist to do exactly that.
