Best Buy profit beats estimates, shows signs of turnaround
(Reuters) – Best Buy Co Inc reported a better-than-expected quarterly profit, showing signs that Chief Executive Hubert Joly’s turnaround efforts were progressing and sending the company’s shares up as much as 8.5 percent in morning trading.
McDonald’s shareholders approve chain’s executive compensation
(Reuters) – McDonald’s Corp shareholders on Thursday overwhelmingly approved an advisory measure on executive pay at the fast-food chain, where Chief Executive Officer Don Thompson took home total compensation of $9.5 million in 2013.
Lloyds to sell 25 percent stake in TSB at below book value: sources
LONDON (Reuters) – Lloyds Banking Group will next week launch the sale of at least 25 percent of its TSB business via a stock market flotation with the pricing expected to be below book value, banking industry sources told Reuters.
Existing home sales rebound, inventory increases
WASHINGTON (Reuters) – U.S. home resales rose in April and the supply of properties on the market increased, suggesting the housing market was regaining its footing.
Credit Suisse’s trading ties under FINRA scanner: WSJ
(Reuters) – Wall Street’s industry-funded regulator is examining ties between Credit Suisse Group AG and a number of trading firms over concerns that the Swiss bank enabled potentially improper trading, the Wall Street Journal reported, citing people f…
France to go easy on firms that come clean on tax dodging
PARIS (Reuters) – The French government plans to ease penalties on firms that come clean on taxable undeclared funds, the Finance Ministry said on Thursday as a similar measure targeting individuals reaps windfall gains.
Deutsche Bank says faces around 1,000 big lawsuits
FRANKFURT (Reuters) – Deutsche Bank gave shareholders a sense of the size of its legal and regulatory problems on Thursday, when it said it faced around 1,000 major lawsuits.
Sears loss widens as discounts fail to arrest fall in sales
(Reuters) – Sears Holdings Corp posted a bigger loss for the first quarter as the struggling retailer failed to arrest a fall in sales despite offering heavy discounts to woo shoppers.
Brazil grants ‘eventual reinsurer’ permit to Buffett’s Berkshire
(Reuters) – Susep, Brazil’s insurance industry regulator, on Thursday issued a license allowing Berkshire Hathaway Inc to operate in the country as “eventual reinsurer.”
Deutsche Bank internal rate probe continues: CFO
FRANKFURT (Reuters) – An internal investigation into possible attempts to manipulate reference interest rates is continuing at Deutsche Bank and the preliminary results will be delivered to the German regulator Bafin, Deutsche’s finance chief said on T…
