Russian airshow kicks off with Superjet deals
ZHUKOVSKY, Russia (Reuters) – Russia’s first civil plane since the fall of the Soviet Union bagged a clutch of deals with mainly domestic buyers on the first day of an airshow near Moscow, as the country battles to revive its aircraft industry amid sti…
U.S. home prices rise but at slower pace, consumers optimistic
NEW YORK (Reuters) – U.S. home prices rose in June but the pace of gains cooled, suggesting higher mortgage rates may end up slowing momentum in the housing sector as the year winds down.
J&J puts Chinese businesses under local chairman
(Reuters) – Johnson & Johnson said on Tuesday the business heads of its three Chinese operations would begin to report to one local chairman next month in an effort to increase sales and centralize corporate oversight.
U.S. SEC to meet exchange heads September 12 over Nasdaq outage
WASHINGTON (Reuters) – The U.S. Securities and Exchange Commission will meet with heads of the major exchanges on September 12 to discuss last week’s Nasdaq trading outage, the regulator said on Tuesday.
Ackman turns back on J.C. Penney, sells entire stake in retailer
(Reuters) – Hedge fund manager William Ackman, the biggest shareholder in J.C. Penney Co Inc , said on Monday he had sold his entire stake after his campaign to overhaul the retailer failed.
Brazil, UBS in dispute over $38 million in back taxes
SAO PAULO (Reuters) – Brazil’s government wants UBS AG to pay 92.3 million reais ($38 million) in back taxes it says it is owed by the Swiss lender’s local brokerage unit, the latest attempt by authorities to tighten tax oversight on large companies.
BlackBerry considering spinoff of messaging service: WSJ
(Reuters) – BlackBerry Ltd is considering spinning off its messaging service into a separate unit, the Wall Street Journal said, quoting people familiar with the matter.
BlackBerry considering spinoff of messaging service: WSJ
(Reuters) – BlackBerry Ltd is considering spinning off its messaging service into a separate unit, the Wall Street Journal said, quoting people familiar with the matter.
G20 body says U.S. could improve financial risk spotting
LONDON (Reuters) – The United States could improve how it spots and prevents risks in the financial system from turning into destabilizing crises, a global regulatory task force said on Tuesday.
Indian rupee hits record low as confidence in government falters
MUMBAI/NEW DELHI (Reuters) – India’s rupee hit a record low and posted its biggest percentage fall in 18 years on Tuesday as parliament’s approval of a $20 billion plan to provide cheap grain to the poor renewed doubts about government resolve to contr…
