JPMorgan to stop making student loans: company memo
NEW YORK (Reuters) – JPMorgan Chase & Co has decided to get out of the student loan business, after the biggest U.S. bank concluded that competition from federal government programs and increased scrutiny from regulators had limited its ability to expand the business.
No new Scion models soon despite falling U.S. sales: Toyota executive
DETROIT (Reuters) – Scion, Toyota Motor Corp’s sagging youth-oriented brand, will not be rejuvenated by fresh models on its U.S. showroom floors anytime soon, a top U.S. Toyota executive said on Thursday.
Team Health gets subpoena from U.S. watchdog over services to HMA
(Reuters) – Team Health Holdings Inc , a provider of outsourced physician staffing, said it received a subpoena from a U.S. government watchdog requesting documents related to its services at hospitals affiliated with Health Management Associates Inc ….
U.S. retailers rely on deep discounts to win back-to-school shoppers
NEW YORK (Reuters) – Many U.S. retailers reported stronger-than-expected August sales on Thursday, but they had to use steep discounts to attract back-to-school shoppers.
Scandal-hit PetroChina tightens control over managers to keep firm running
BEIJING/HONG KONG (Reuters) – PetroChina has tightened control over its managers and stepped up safety inspections to ensure the “shock” from a deepening corruption scandal doesn’t disrupt the global operations of the Chinese energy giant, officials to…
Darkest before dawn: Why some foreign investors are buying India
MUMBAI (Reuters) – Newspaper headlines spew doom and gloom about India. Analysts are topping each other with ever-more-dire pronouncements on the country’s prospects. And yet some foreign investors are not only ignoring the warnings, they are buying mo…
Mixed blessings for investors as China lets some firms recapitalize
SHANGHAI (Reuters) – China’s shakey economic growth over recent months has helped persuade regulators to let select listed companies top up balance sheets through rights issues and private placements.
Emerging market pain dominates G20 economy talks
ST. PETERSBURG, Russia (Reuters) – Emerging and developed G20 powers struggled to find common ground on Thursday over the turmoil unleashed by the prospect of the United States reducing a flood of dollars to the world economy.
Wall Street ticks up on data but Fed caution caps gains
NEW YORK (Reuters) – U.S. stocks edged up on Thursday, rising for a third day after strong data indicated improving economic conditions, with caution capping gains ahead of Friday’s payrolls report and its implication on the Federal Reserve’s stimulus …
Wal-Mart and Washington D.C. in minimum wage showdown
WASHINGTON (Reuters) – District of Columbia Mayor Vincent Gray could decide as early as this week whether to sign a minimum wage bill that could discourage Wal-Mart Stores Inc , the world’s biggest retailer, from opening stores in the U.S. capital.
