BNY Mellon says no comment on Argentina bond payment
NEW YORK (Reuters) – Bank of New York Mellon on Thursday said it is investigating whether or not it has received a deposit from the Argentine government intended for creditors, which if sent on to investors would put it in violation of a U.S. judge’s o…
U.S. second-quarter growth forecasts cut on tepid consumer spending
WASHINGTON (Reuters) – U.S. consumer spending rose less than expected in May, prompting economists to downgrade estimates for second-quarter growth.
S&P 500 to hit 2,000 for first time by end of 2014: Reuters poll
NEW YORK (Reuters) – Wall Street’s Standard & Poor’s 500 index will hit 2,000 for the first time before the end of 2014, having already set a series of record highs this year on optimism that interest rates will remain low, a Reuters poll showed on Thursday.
Deutsche Bank lands former JPMorgan corporate bankers: memo
(Reuters) – Deutsche Bank AG has hired two former JPMorgan Chase & Co bankers as it looks to strengthen its corporate banking business, according to a memo seen by Reuters.
U.S. healthcare profit outlook brightens on Obamacare, drug prices
NEW YORK (Reuters) – U.S. healthcare companies are winning higher profit forecasts, bucking a wider trend on Wall Street, as pricey new biotech drugs hit the market and insurance enrollment rises under the Affordable Care Act.
New York attorney general accuses Barclays of ‘dark pool’ fraud
NEW YORK/LONDON (Reuters) – New York’s attorney general has filed a securities fraud lawsuit against Barclays, accusing the British bank of giving an unfair edge in the United States to high-frequency traders, while claiming to be protecting other clie…
U.S. consumer spending misses expectations on weak services
WASHINGTON (Reuters) – U.S. consumer spending rose less than expected in May, likely held back by weak healthcare spending, which could prompt economists to temper their second-quarter growth estimates.
GM’s Barra says more recalls possible as automaker reviews data
WASHINGTON (Reuters) – General Motors Chief Executive Mary Barra said on Thursday more recalls are possible as the No. 1 U.S. automaker grapples with a series of safety problems that have prompted the recall of 20 million cars.
GM prepares to recall some Cruze sedans with Takata air bags
DETROIT (Reuters) – General Motors Co is preparing to recall about 33,000 Chevrolet Cruze sedans with potentially defective air bags made by troubled Japanese supplier Takata Corp, the automaker said late Wednesday.
Stocks put aside U.S. growth shock, UK eyed
LONDON (Reuters) – British banks, builders and the pound dominated the action on Europe’s financial markets on Thursday, after the U.S. sued Barclays for fraud and the Bank of England took less aggressive action than expected to cool a booming UK housi…
