French banks face new foe as tobacconists offer accounts
PARIS (Reuters) – The French will soon be able buy their cigarettes and do their banking at the same time with the launch of a stripped-down, cut price bank account by the country’s huge network of tobacconists.
Body panel falls off Boeing 787 Dreamliner in flight
SEATTLE/NEW DELHI (Reuters) – A body panel fell off a Boeing 787 Dreamliner operated by Air India as it came into land on Saturday, the latest glitch for the high-tech jet that has suffered a string of mishaps since its introduction two years ago.
BlackRock profit rises, boosted by asset growth
(Reuters) – BlackRock Inc , the world’s largest money manager, said on Wednesday its third-quarter profit rose 15 percent, boosted by strong investor demand for the company’s iShares and retail business.
Analysts raise Yahoo price targets on Alibaba magic
(Reuters) – Yahoo Inc’s plan to keep a larger-than-expected stake in e-commerce giant Alibaba after the Chinese company’s IPO prompted at least seven brokerages to raise their stock price targets on the U.S. company.
UniCredit CEO confirms Bank of Italy’s loan audit
ROME (Reuters) – The head of UniCredit confirmed on Wednesday the Bank of Italy was conducting an audit of the loan book of Italy’s biggest bank by assets, after sources told Reuters the regulator was examining the loans of Italy’s top two lenders.
Teen monsters, American Girl dolls power Mattel results
(Reuters) – Mattel Inc topped Wall Street’s profit estimates for the third quarter, benefiting from strong demand for its chubby-faced American Girl dolls and its Monster High line depicting the teen descendants of famous monsters.
PetroChina’s former Indonesia chief under investigation: sources
HONG KONG/BEIJING (Reuters) – The Chinese government is investigating the former head of PetroChina’s Indonesian operations, sources said, just weeks after authorities announced a corruption investigation into other former senior executives at the stat…
BNY Mellon’s profit beats estimates on higher fees
(Reuters) – BNY Mellon Corp on Wednesday reported a higher-than-expected quarterly profit on rising fees from managing money, increased mutual fund balances and strength in foreign currency trading.
GSK’s Reilly assisting anti-bribery authorities in China
LONDON (Reuters) – Mark Reilly, GlaxoSmithKline’s former head of operations in China, is helping anti-corruption officials in the country who are investigating allegations of extensive bribery by the drugmaker.
Investors on edge as U.S.debt deadline nears
LONDON (Reuters) – World stocks and the dollar marked time on Wednesday as cautious investors focused on hopes that U.S. politicians would strike a last-minute deal to prevent the country defaulting on its debt.
