Monte Paschi says new management is not target of investigation
MILAN (Reuters) – Italy’s Monte dei Paschi di Siena said its new management was not the target of any judicial investigation and that accusations it misled regulators had not been considered legally relevant by prosecutors probing the bank’s former exe…
Brazil’s JBS says it mulls suing OppenheimerFunds for defamation
SAO PAULO (Reuters) – Brazil’s JBS SA , the world’s largest meatpacker, said it is considering suing U.S. investment firm OppenheimerFunds for spreading potentially libelous information about its leasing of a local poultry plant owned by France’s Doux….
BATS in merger talks with Direct Edge: WSJ
(Reuters) – Stock exchange operator BATS Global Markets Inc is in advanced talks to merge with rival Direct Edge, the Wall Street Journal reported on Friday, citing sources familiar with the matter.
U.S. new home sales fall sharply; house prices rise
WASHINGTON (Reuters) – Sales of new single-family homes in the United States fell sharply in July to their lowest level in nine months, casting a shadow over the country’s housing recovery.
Apple, Samsung do not have to disclose profit details -court
(Reuters) – Apple Inc and Samsung Electronics Co Ltd do not have to make public the financial details submitted to a U.S. court during high-profile patent litigation, a federal appeals panel ruled on Friday.
Bank of America reviews long-hours culture after intern’s death
LONDON (Reuters) – Bank of America Merrill Lynch said on Friday it was reviewing the working conditions for junior employees after the death of an intern employed at its London offices raised concerns about the long-hours culture of the world’s top ban…
French court delays Daimler sales ban decision to Tuesday
PARIS (Reuters) – France’s top administrative court said it would decide on Tuesday whether to overturn a government ban on the sale of some of Daimler’s cars in France in a row over coolant fluid.
Fed should focus on mortgage buys, sell Treasuries: study
JACKSON HOLE, Wyoming (Reuters) – The Federal Reserve should concentrate its unconventional monetary stimulus on mortgage asset purchases, according to a new study released on Friday, ditching Treasury bond buys which the authors say have not had much …
U.S. regulators probe fires in 2012 Jeep Grand Cherokee
DETROIT (Reuters) – U.S. regulators have opened a preliminary investigation into three consumer reports that sun visors in 2012 Jeep Grand Cherokee SUVs caught fire, the National Highway Traffic Safety Administration said on Friday.
Germany, Britain lead Europe’s nascent economic recovery
BERLIN/LONDON (Reuters) – Germany confirmed on Friday it had enjoyed its fastest rate of economic expansion in more than a year in the second quarter, and Britain revised up its growth to the same rate.
