Hyundai recalls 883,000 Sonata sedans in U.S. for transmission issue
DETROIT (Reuters) – South Korean automaker Hyundai Motor Co will recall about 883,000 Sonata mid-sized sedans in the United States and Puerto Rico because a potentially defective transmission-shift cable could increase the risk of a crash.
Carlyle’s second-quarter earnings double
NEW YORK/LONDON (Reuters) – Carlyle Group LP said on Wednesday its second-quarter earnings doubled from a year earlier as one of its European buyout funds started paying performance fees, highlighting the growth potential of its private equity business…
Sprint first-quarter revenue top estimate as network upgrade progresses
WASHINGTON (Reuters) – Sprint Corp reported higher-than-expected first-quarter revenue on Wednesday, as the company expanded its high-speed coverage and came closer to completing a network overhaul that has caused more frequent dropped calls and subscr…
Thomson Reuters reports better-than-expected profit
(Reuters) – News and information company Thomson Reuters Corp on Wednesday reported a higher-than-expected quarterly profit on a 1 percent rise in revenue, boosted by growth in its Tax & Accounting and Legal divisions.
Ireland has too much to lose to deter U.S. companies re-homing
DUBLIN (Reuters) – Ireland is in the firing line from Washington again for luring U.S. companies to its shores for tax benefits, but despite contrite noises coming from Dublin, it has too much to lose to discourage U.S. firms bent on shifting their tax…
Two former senior Murdoch editors charged over UK phone-hacking
LONDON (Reuters) – Two more senior journalists from Rupert Murdoch’s defunct British tabloid the News of the World have been charged with phone-hacking, prosecutors said on Wednesday, weeks after the paper’s former editor was jailed for the crime.
AstraZeneca buys Almirall lung drugs for up to $2.1 billion
LONDON (Reuters) – AstraZeneca took a major step to build up its respiratory medicine business on Wednesday by striking a deal worth up to $2.1 billion for the rights to Spanish group Almirall’s lung drugs.
Euro zone sentiment improves, overcoming Ukraine crisis concern
BRUSSELS (Reuters) – Euro zone economic sentiment unexpectedly improved in July despite the deepening crisis between the West and Russia over Ukraine, data showed on Wednesday, and inflation expectations among consumers and companies edged up.
Exclusive: Upstart trading venue IEX may prompt U.S. market rule change
NEW YORK (Reuters) – U.S regulators may relax rules that require the fastest possible execution of securities trades, potentially helping upstart trading venue IEX Group’s plans to become a full-fledged stock exchange.
Barclays profits fall as investment bank income sags
LONDON (Reuters) – Barclays Plc said its underlying profits fell 8 percent in the second quarter as the British bank’s attempts to crack down on high-risk trading and subdued market activity took a toll on investment banking revenue.
