Argentina launches investigation into holdouts’ investments
BUENOS AIRES (Reuters) – Argentina’s markets watchdog on Monday launched an investigation into what it believes may have been unlawful speculation by holdout creditors whose litigation against the country for repayment of their defaulted bonds pushed i…
AIG profit rises, beats estimates on strong growth
(Reuters) – Insurer American International Group Inc reported a better-than-expected 12.5 percent rise in quarterly profit, helped by strong performance across its major businesses and the sale of its former aircraft leasing unit.
Late surge lifts Wall Street; utilities sag
NEW YORK (Reuters) – Stocks closed higher on Monday, lifted in a late rally driven by earnings from Warren Buffett’s Berkshire Hathaway and broad gains across most sectors that helped the S&P 500 rebound from its largest weekly drop since 2012.
Airbus wins 980 gross orders, 705 net in Jan-July
PARIS (Reuters) – Airbus overtook Boeing in unadjusted aircraft orders for 2014 after last month’s Farnborough Airshow, but continued to lag its U.S. rival when taking into account cancellations, company data showed on Monday.
Murdoch’s Fox expected to push for Time Warner deal on Wednesday
(Reuters) – Rupert Murdoch’s Twenty-First Century Fox Inc is expected to make an aggressive case for merging with Time Warner Inc during its quarterly earnings call on Wednesday, though people familiar with the company’s plans have said it would not us…
McDonald’s says China food scandal hurting regional results
(Reuters) – McDonald’s Corp said its business has been hurt by China’s latest food scare that forced restaurants in the region to temporarily pull meat items from menus.
Deutsche Telekom unimpressed by Iliad bid for US mobile unit: sources
FRANKFURT (Reuters) – Deutsche Telekom has serious doubts about the overall attractiveness of a bid by French telecom group Iliad for its U.S. mobile unit, despite lower regulatory hurdles than a rival offer, said two people close to the company.
GM unit gets subpoena over subprime auto loans
WASHINGTON/NEW YORK (Reuters) – The U.S. government is investigating General Motors Co’s auto financing arm over subprime auto loans it made and securitized since 2007, the company disclosed on Monday.
Citigroup loses North America head of Treasury and Trade Solutions
NEW YORK (Reuters) – Citigroup Inc North America head of Treasury and Trade solutions, Andrew Gelb, leaves- memo
HP, Autonomy trade barbs as lawsuit against ex-CFO looms
(Reuters) – Hewlett-Packard Co said it would sue former Autonomy Chief Financial Officer Sushovan Hussain as he seeks to block HP’s settlement of three shareholder lawsuits over its troubled purchase of the British software company.
