BNP Paribas to pay $80 million for defrauding U.S. Agriculture Department
WASHINGTON (Reuters) – The U.S. Justice Department announced on Thursday that a Federal court entered judgment against French bank BNP Paribas for $80 million for defrauding a program designed to encourage American exports.
General Motors may put Brazil workers on paid leave: union
SAO PAULO (Reuters) – General Motors Co wants to put nearly a fifth of its workers at a factory in Brazil on paid leave, an auto workers union said on Thursday, amid falling output in Latin America’s largest economy.
Starbucks sales in Americas region up slightly more than expected
(Reuters) – Starbucks Corp on Thursday said quarterly sales at established stores in its dominant Americas region grew a somewhat stronger-than-expected 6 percent, including a 7 percent rise for the United States that was helped by food sales.
Senate panel to consider ‘too big to fail’ report
WASHINGTON (Reuters) – A U.S. Senate panel will meet next Thursday to discuss results of a much anticipated government study that looked at whether the biggest banks can borrow at lower interest rates because investors think they would be bailed out in…
Argentina, holdouts meet in debt dispute with court appointee
NEW YORK (Reuters) – Representatives for holdout investors and Argentina in the country’s ongoing debt default met for about three hours with a court-appointed mediator in New York on Thursday, less than a week before Argentina could once again default…
Nucor confident of favorable rulings vs steel import ‘tsunami’
(Reuters) – Emboldened by a recent favorable ruling for U.S. steelmakers in a steel pipe trade case, Nucor Corp said on Thursday it was confident the industry was poised for more success in future cases as it works to stem “a tsunami of imported steel….
U.S. judge says she is troubled by Apple $450 million e-books deal
NEW YORK (Reuters) – A U.S. judge on Thursday expressed concern over a proposed $450 million settlement of claims Apple Inc conspired with five publishers to fix e-book prices, saying its provisions could drastically reduce money paid to consumers depe…
Visa cuts revenue forecast as cross-border transactions slow
(Reuters) – Visa Inc, the world’s largest credit and debit card company, cut its revenue forecast for the year, as growth in cross-border transactions slowed amid a strengthening of the U.S. dollar.
Amazon’s heavy investing eats into bottom line, shares drop
SAN FRANCISCO (Reuters) – Amazon.com Inc posted a much larger-than-expected loss in the second quarter as it continues its rapid pace of investment in new businesses such as digital content and consumer electronics.
Wall Street ends flat on mixed earnings; S&P 500 at record
NEW YORK (Reuters) – U.S. stocks finished a quiet session mostly flat on Thursday as earnings painted a mixed picture of the economy, though the S&P 500 set another record closing high.
