Penney denies rumor of bankruptcy counsel hire as stock falls
(Reuters) – A J.C. Penney Co Inc spokeswoman denied a market rumor on Tuesday that the department store chain had hired bankruptcy counsel, as shares slid as much as 8.3 percent.
Schwab posts highest profit since 2008, shares jump
(Reuters) – Charles Schwab Corp, a U.S. discount broker, posted its highest quarterly profit since the financial crisis on Tuesday as the rising U.S. stock market fueled more customer trading.
Deutsche Bank rates swap emails refer to customer being ‘screwed’
LONDON (Reuters) – A Deutsche Bank employee referred to a client not liking to know they were being “screwed” in a 2007 email concerning the sale of an interest rate swap which is now at the centre of a landmark UK court case.
Coca-Cola reports higher profit, sticks by long-term goal
(Reuters) – Coca-Cola Co on Tuesday reported a higher quarterly profit and said it was on track to achieve its goal of doubling its 2010 “system revenue,” which includes its sales and those of its bottlers, by 2020.
U.S. jobs market poised for improvement: Fed study
(Reuters) – The U.S. jobless rate is set to drop further and possibly faster over the coming six months, according to research published Tuesday by the Federal Reserve Bank of San Francisco.
Ireland to close Apple’s tax loophole, but leave bigger one open
LONDON/DUBLIN (Reuters) – Ireland said on Tuesday it planned to shut down a much-criticized tax arrangement used by Apple Inc to shelter over $40 billion from taxation – but will leave open an even bigger loophole that means the computer giant is unlik…
New iPads expected at Apple event set for October 22
SAN FRANCISCO (Reuters) – Apple Inc next Tuesday is expected to introduce a new line-up of iPads that will compete with the latest tablets from Amazon.com Inc and Samsung Electronics, amid pressure to preserve market share.
Tim Cook brings in Burberry boss to restore Apple’s shine
LONDON (Reuters) – Burberry CEO Angela Ahrendts rebuilt the brand after over-exposure of its trademark pattern alienated wealthy clientele. Her approach: to embrace digital innovation, build a strong online business and tap Chinese and Latin American m…
Moelis taps Morgan Stanley healthcare banker
NEW YORK (Reuters) – Moelis & Co, an independent investment bank, has tapped a former Morgan Stanley healthcare banker to advise medical technology companies, Moelis said on Tuesday.
Sizzling drug sales help Johnson & Johnson beat third-quarter forecasts
(Reuters) – Johnson & Johnson reported better-than-expected third-quarter results, as strong growth for prescription drugs overshadowed weaker contributions from its medical device and consumer products businesses.
