SEC to stay open in the event of broader government shutdown
WASHINGTON (Reuters) – The Securities and Exchange Commission will remain open for business even if Congress fails to strike a budget deal to keep the government operating, SEC spokesman John Nester said Monday.
Tesco puts U.S. grocery chain in bankruptcy, seeks sale
(Reuters) – Britain’s Tesco Plc put its U.S. grocery store chain into bankruptcy on Monday as part of a plan to sell most of the 167 stores to a private equity firm led by billionaire Ron Burkle.
U.S. third quarter earnings warning ratio is second worst since 2001
NEW YORK (Reuters) – U.S. companies are warning about third-quarter earnings at a rate lower than last quarter but still at the second highest level since 2001, leaving estimates well below what they were just three months ago.
UK fraud squad fends off court challenge that endangered cases
LONDON (Reuters) – Britain’s Serious Fraud Office on Monday beat back a court challenge that endangered cases against prominent defendants, a big relief for the country’s prime financial crime-fighting agency after repeated blows to its reputation.
U.S. auto sales seen stalling in September after torrid summer
DETROIT (Reuters) – The U.S. auto industry’s sizzling summer pace stalled in September for the first year-on-year sales decline in more than two years as the month suffered because part of the Labor Day shopping weekend landed in August and there were …
American Airlines plans to hire 1,500 pilots
(Reuters) – American Airlines plans to hire 1,500 pilots over the next five years as it expands international flying and takes delivery of new planes, the carrier said on Monday.
BP knew 2010 U.S. Gulf spill was risk, lawyers tell trial
NEW ORLEANS (Reuters) – Long before the oil spill in the Gulf of Mexico in 2010, BP knew its Macondo well could explode and then lied about how much oil leaked, plaintiffs’ lawyers said at the opening of the second phase of the company’s trial on Monda…
Osram to cut 900 jobs in North America
FRANKFURT (Reuters) – German lighting maker Osram Licht AG said it will shut down some of its lighting maintenance sites in the United States and Canada as it shifts its business away from traditional street lights to LED technology.
Boeing taking steps to make 787 more dependable
SANTIAGO (Reuters) – Boeing acknowledged the reliability issues of its 787 Dreamliners on Monday, and said it is taking steps to make the new high-tech plane more dependable.
Exclusive: Vatican Bank likely to close embassy accounts after Iran, Iraq red flags
VATICAN CITY (Reuters) – The Vatican bank is likely to close all accounts held by foreign embassies, following concerns about large cash deposits and withdrawals by the missions of Iran, Iraq and Indonesia, according to people with knowledge of the sit…
