IMF cuts U.S. 2014 growth forecast to 1.7 percent
WASHINGTON (Reuters) – The International Monetary Fund on Wednesday said it expects the U.S. economy to grow 1.7 percent in 2014, even more slowly than it predicted a month ago, as weakness in the first quarter offsets an expected pick-up in the second…
Opel Vauxhall says developing new version of Ampera electric car
FRANKFURT (Reuters) – General Motors unit Opel said it is working on a successor model to its Ampera, a battery-powered electric car which hit European showrooms in 2011.
SEC adopts long-awaited reforms for money market funds
WASHINGTON (Reuters) – U.S. securities regulators adopted rules on Wednesday to curb the risk of investor runs on institutional money market funds, mainly by requiring their value to float instead of maintaining a value of $1 per share.
UK fraud office liaising with China on GSK bribery case
LONDON (Reuters) – Britain’s fraud office is working with authorities in China in a first for such Anglo-Chinese cooperation as it carries out its own investigation into alleged corruption at drugmaker GlaxoSmithKline .
Tanker charge tarnishes Boeing’s second-quarter profit
(Reuters) – Boeing Co reported a 52 percent jump in quarterly profit, helped by higher commercial plane deliveries and one-time tax gains, but investors were spooked by rising costs in its military tanker program.
Argentina debt mediator postpones start of New York talks
NEW YORK (Reuters) – A court-appointed mediator in the Argentina debt dispute said he had to push back by a day the start of the latest round of settlement talks on Wednesday because the Argentine delegation “could not get here in time.”
Goldman Sachs says BES investment was on behalf of clients
LISBON (Reuters) – Goldman Sachs’s 2.27 percent interest in Portugal’s Banco Espirito Santo was acquired on behalf of clients, the U.S. investment bank said in a statement on Wednesday afternoon.
Apple margin concerns fade, focus shifts to iPhone launch
(Reuters) – A rise in margins has raised hopes that Apple Inc may be able to hold the line on pricing ahead of the launch of new iPhones later this year.
Whirlpool cuts outlook as sales outside North America fall
(Reuters) – Whirlpool Corp on Wednesday reported a lower-than-expected quarterly profit as sales fell in every region except North America. The company also cut its full-year earnings outlook, citing expenses from two pending acquisitions.
Delta Air quarterly profit rises, aided by U.S. demand
(Reuters) – Delta Air Lines reported a higher second-quarter profit on Wednesday as it flew fuller planes and enjoyed higher passenger revenue in the United States and Europe.
