China food scandal spreads, drags in Starbucks, Burger King and McNuggets in Japan
SHANGHAI (Reuters) – The latest food scandal in China is spreading fast, dragging in U.S. coffee chain Starbucks, Burger King Worldwide Inc and others, as well as McDonald’s products as far away as Japan.
Verizon revenues top estimates on wireless surge
(Reuters) – Verizon Communications Inc, the largest U.S. wireless telecommunications company, on Tuesday reported better-than-expected quarterly revenue on a jump in wireless customers and a surge in tablet sales.
Credit Suisse posts big loss after U.S. tax settlement
ZURICH (Reuters) – Credit Suisse Group AG will quit commodities trading after chalking up its biggest loss since the financial crisis in 2008, the result of a 1.6 billion Swiss franc ($1.78 billion) fine from U.S. authorities for helping its clients ev…
Pace of U.S. home resales rises to eight-month high
WASHINGTON (Reuters) – U.S. home resales rose in June to their fastest pace in eight months, a signal that the housing market was pulling out of a slump.
Exclusive – India’s Lupin, U.S. firms weigh bids for GSK’s mature drugs: sources
LONDON/MUMBAI (Reuters) – Indian generics firm Lupin , some U.S. drugmakers looking for a tax-saving deal in Europe and private equity funds are planning to bid for a range of older drugs being auctioned by GlaxoSmithKline (GSK) , five sources familiar…
U.S. consumer inflation rises on high gasoline prices
WASHINGTON (Reuters) – U.S. consumer prices rose in June as the cost of gasoline surged, but the underlying trend remained consistent with a gradual build-up of inflationary pressures.
JPMorgan begins to provide consumer help under $13 billion settlement
WASHINGTON (Reuters) – JPMorgan Chase & Co has begun to provide the debt forgiveness and other help to struggling homeowners under last year’s $13 billion accord with federal and state authorities, though it has only turned over a handful of details, a monitor of the deal said in a report released on Tuesday.
Europe rebounds as Ukraine rebels hand over black boxes
LONDON (Reuters) – European markets rode a global rebound in risk appetite on Tuesday, helped by the first signs of cooperation from Ukraine’s pro-Russian separatists over the downed Malaysian Airlines plane.
Fund managers unconvinced by Apple rebound
NEW YORK/SAN FRANCISCO (Reuters) – Apple, once a can’t-miss stock, is finding it tough to persuade portfolio managers to come back into the fold.
Obama, Biden highlight job-training in middle-class push
WASHINGTON (Reuters) – President Barack Obama and Vice President Joe Biden will put a spotlight on job-training programs on Tuesday as part of a White House push to boost economic opportunities for middle-class Americans, an important voting group in N…
