Double-digit profit growth may return in second quarter
NEW YORK (Reuters) – With all the hoopla over the Dow topping 17,000 out of the way, the market’s next focus will be whether the fast-approaching earnings season can justify U.S. stocks climbing further into record territory.
SEC settles with Canadian man tied to penny stock scam
(Reuters) – The U.S. Securities and Exchange Commission has reached a settlement with a Montreal man it accused of fraud, barring the man from any future offerings of so-called penny stocks.
Spain’s Telefonica buys Mediaset Espana stake in Canal+
MADRID (Reuters) – Telefonica said on Friday it had agreed to buy the 22 percent stake held by Mediaset Espana in pay-TV firm Distribuidora de Television (DTS), giving full ownership of the TV firm to the telecoms group.
GM suspends South African output as striking union spurns offer
JOHANNESBURG/CAPE TOWN (Reuters) – General Motors suspended production at its main South African plant after a strike hit parts supplies, the U.S. automaker said on Friday, becoming the latest victim of relentless labor unrest in Africa’s most advanced…
Argentina gets set for debt talks by calling U.S. judge biased
BUENOS AIRES (Reuters) – Argentina on Friday accused a U.S. judge of being biased in favor of hedge funds that have sued the South American country for full repayment of defaulted bonds, cementing the tough stance it has taken ahead of debt talks set f…
Apple poaches another luxury executive as iWatch nears
PARIS (Reuters) – Apple has poached a senior executive from Swiss luxury watch brand Tag Heuer, which could be to help it with the launch of its iWatch expected this autumn.
World stocks hold at all-time high after bumper week
LONDON (Reuters) – World stocks were enjoying the view at an all-time high on Friday, lifted by a week of strong U.S. economic data and promises from the European Central Bank that cheap money will be sloshing around for years.
EU widens tax probe into multinationals: source
LUXEMBOURG/BRUSSELS (Reuters) – The European Commission is widening its probe into how multinationals use countries such as Luxembourg to cut their tax bill, an official with knowledge of the matter said on Friday.
U.S. ‘concerned’ about being barred from GSK-linked China trial
SHANGHAI (Reuters) – The United States is worried that its officials have been barred from attending the Aug. 7 trial in China of British investigator Peter Humphrey and his American wife Yu Yingzeng after the couple were arrested last year following w…
Accusations fly in Bulgaria’s murky bank run
SOFIA (Reuters) – One worker at Bulgaria’s Corporate Commercial Bank knew panic was setting in when she spotted colleagues among the anxious depositors lined up to withdraw cash from the troubled bank.
