EU ready for talks with China on pact paving way for free trade
BRUSSELS (Reuters) – European Union countries will agree next month to talks with China on a pact making it easier to do business, possibly paving the way for a free-trade deal between two of the world’s biggest markets, EU officials said on Tuesday.
U.S. SEC charges 23 firms in short-sale crackdown; 22 settle
WASHINGTON (Reuters) – Twenty-two investment firms will collectively pay more than $14.4 million in sanctions to settle civil charges in connection with a broad crackdown by federal regulators into illegal short-selling practices, the U.S. Securities a…
Big British investors consider suing RBS over share offer
LONDON (Reuters) – Four of Britain’s largest institutional investors are part of a group considering suing state-owned Royal Bank of Scotland over a share offer under disgraced former Chief Executive Fred Goodwin.
U.S. default could start end-October with no debt limit hike – CBO chief
WASHINGTON (Reuters) – The United States could begin defaulting on its obligations between the end of October and the middle of November if Congress fails to increase the $16.7 trillion federal debt limit, Congressional Budget Office director Doug Elme…
Heinz trades targeted by SEC unauthorized -Cayman Islands firm
NEW YORK (Reuters) – A Cayman Islands entity at the center of a U.S. investigation into possible insider trading in ketchup maker H.J. Heinz Co said trades placed in its Swiss bank account were done by someone without permission.
Microsoft raises dividend, sets new $40 billion share buyback
(Reuters) – Microsoft Corp raised its quarterly dividend to 28 cents per share and authorized a new share buyback program on Tuesday, two days before investors quiz the software giant on its next chief executive and a bold foray into mobile devices.
Siemens board to name Ackermann’s successor on Wednesday -sources
FRANKFURT (Reuters) – The supervisory board of Germany’s Siemens at its meeting on Wednesday will name a successor for Josef Ackermann, who has said he would step down from the body, two people familiar with the matter said.
Europe’s airlines must focus on low-cost battle-IAG CEO
LONDON (Reuters) – European airlines will have to cut costs at existing short-haul businesses to compete with budget airlines or struggle to stay aloft, IAG boss Willie Walsh said.
Coty hints at sales pressure this quarter as it beats forecast
(Reuters) – Coty Inc said revenue was likely to decline marginally this quarter as growth slows in the United States and Europe, taking some luster off stronger-than-expected results in the beauty products maker’s first report as a public company.
JPMorgan CEO says bank ramping up control efforts: memo
NEW YORK (Reuters) – JPMorgan Chase & Co Chief Executive Jamie Dimon said the largest U.S. bank is bracing for more legal and regulatory scrutiny in the coming weeks and months, but outlined a series of steps the company has taken to improve operations in a memo to employees on Tuesday.
