Best Buy considers sale of China business: WSJ
(Reuters) – Electronics retailer Best Buy Co is looking at a sale of or partnership for its Chinese business to better focus on its U.S. business, the Wall Street Journal reported citing people familiar with the matter.
AT&T tells lawmakers DirecTV deal won’t guarantee lower prices
WASHINGTON (Reuters) – U.S. lawmakers grilled AT&T Inc and DirecTV on Tuesday over a proposed merger that some Democrats and public interest groups fear will result in higher costs and less competition.
BNP said to move compliance operations to U.S. as settlement nears
NEW YORK/WASHINGTON (Reuters) – BNP Paribas SA is relocating its U.S. sanctions compliance operations to New York from Paris, ahead of a nearly $9 billion settlement it is expected to reach with U.S. authorities over violations of sanctions on Sudan an…
Ford unveils new-generation Edge as a global crossover vehicle
DEARBORN Michigan (Reuters) – Motor Co on Tuesday unveiled the 2015 Edge, which it hopes will strengthen sales in the fast-growing near-luxury crossover vehicle markets in China, Europe and the Americas.
Wall Street retreats on Iraq worries
NEW YORK (Reuters) – U.S. stocks fell on Tuesday as early enthusiasm from economic data faded and concerns about the violence in Iraq gave investors a reason to sell and book some profits, driving the Dow to its biggest drop in over a month.
Exclusive: Aetna mulls sale of Coventry Health Care assets – sources
(Reuters) – Aetna Inc, the third largest U.S. health insurer, is exploring a sale of some of Coventry Health Care Inc’s assets worth as much as $1.5 billion, according to people familiar with the matter, a year after it acquired its rival for $5.6 bill…
Jury in trial of Rajaratnam’s brother hears of insider’s tips
NEW YORK (Reuters) – A former Intel Corp executive on Tuesday, testifying in the insider trading trial of Rengan Rajaratnam, told jurors how he leaked details of a major deal to the former Galleon Group portfolio manager’s brother, Raj Rajaratnam.
Ex-Credit Suisse trader spared prison for faking mortgage prices
NEW YORK (Reuters) – A former London-based Credit Suisse Group AG trader was spared prison on Tuesday over his role in artificially inflating subprime mortgage bond prices, in one of the few U.S. criminal prosecutions stemming from the financial crisis…
Fed wants jobless rate lower, mid-2015 rate hike forecast ‘reasonable’: Dudley
SAN JUAN (Reuters) – The U.S. unemployment rate can fall even further before the Federal Reserve raises interest rates, William Dudley, president of the New York Federal Reserve Bank, told a Puerto Rico accounting group on Tuesday.
Fed’s Dudley sees mid-2015 rate hike as ‘reasonable’
(Reuters) – The U.S. Federal Reserve can reasonably wait to raise interest rates until mid-2015 without risking an undesirable rise in inflation, an influential Fed policymaker said on Tuesday.
