Lloyds nears deal to settle Libor investigation: WSJ
LONDON (Reuters) – U.S. and British regulators are nearing a deal with Lloyds Banking Group to resolve investigations into the bank’s alleged attempts to manipulate benchmark interest rates, the Wall Street Journal said on Tuesday.
U.S. business inventories up, retail stocks rise modestly
WASHINGTON (Reuters) – U.S. business inventories rose in May, suggesting restocking will still be a boost to growth in the second quarter even as stocks at non-automobile retailers rose marginally.
J&J beats forecasts, helped by new hepatitis C drug
(Reuters) – Johnson & Johnson reported higher-than-expected quarterly results on sizzling sales of its new Olysio treatment for hepatitis C, but company officials cautioned the pill will lose steam later this year as newer rivals come to market.
HP interim Chairman Ralph Whitworth resigns to focus on health
(Reuters) – Hewlett-Packard Co said interim Chairman Ralph Whitworth resigned from its board of directors, effective Wednesday, to focus on his health.
Global financial watchdog calls for FX fix reforms, urges banks to clean up
LONDON (Reuters) – The world’s top financial regulator on Tuesday urged deep-rooted change to how currency benchmarks are set, encouraging market players to tighten up their governance, practices and controls rather than imposing stringent new regulati…
U.S. retail sales rise modestly on surprise automobiles decline
WASHINGTON (Reuters) – U.S. retail sales increased less than expected in June as receipts at automobiles dealerships surprisingly fell, but details of Tuesday’s report suggested the economy was on a solid footing at the end of the second quarter.
Boeing, Air Lease in 26-plane order for 777-300ER, 737 MAX
FARNBOROUGH England (Reuters) – Boeing announced a 26-plane deal with lessor Air Lease Corp on Tuesday including six of the wide-body 777-300ER model and 20 of the smaller 737 MAX 8.
Airshow: Eurofighter Typhoon to get advanced radar contract by year end
FARNBOROUGH, England (Reuters) – A contract to develop an advanced form of radar for the four nation-backed Eurofighter Typhoon jet should be signed later this year, Eurofighter’s CEO said, raising hopes that the fighter could secure further orders.
Imperial Tobacco to buy U.S. cigarette brands for $7.1 billion
LONDON (Reuters) – Imperial Tobacco Group plans to buy U.S. cigarette brands including Winston and Kool for $7.1 billion as part of Reynolds American’s $27.4 billion purchase of Lorillard .
U.S. approves limited flights for F-35 fighters
FARNBOROUGH England (Reuters) – U.S. military officials have approved limited flights for Lockheed Martin’s F-35 fighter jets, improving the chances of the newest U.S. combat jet making its international debut before potential buyers this week.
