Japan machinery orders fall in a sign of weak capex
TOKYO (Reuters) – Japan’s core machinery orders fell in June and companies expect them to fall further in the current quarter, another sign that government stimulus has yet to boost capital spending as debate intensifies over how to address massive and…
J.C. Penney, Ackman in talks to resolve dispute: source
(Reuters) – J.C. Penney Co Inc and hedge fund Pershing Square’s Bill Ackman are in talks to resolve their dispute over the leadership of the U.S. retailer, a source familiar with the situation said on Monday.
BlackBerry shareholder Watsa, an investor with a long view
TORONTO (Reuters) – Just over a year ago, Prem Watsa said Research in Motion Ltd, now re-named BlackBerry, was a “Canadian success story,” a good buy and a likely turnaround story, despite declining market share.
CFTC subpoenas Glencore, others as metals inquiry heats up
LONDON (Reuters) – The U.S. commodities market regulator has subpoenaed a number of major metals warehousing firms, including Switzerland-based commodities giant Glencore, seeking documents and communications from the last three years as an inquiry int…
U.S. regulator opposes fast-track CFTC markets policing
WASHINGTON (Reuters) – The U.S. derivatives regulator needs to better explain how it goes about cracking down on wrongdoers, one of its commissioners said on Monday calling on Congress to conduct a full review.
BlackBerry may put itself up for sale
TORONTO (Reuters) – Struggling smartphone maker BlackBerry Ltd is weighing options that could include an outright sale, it said on Monday, and its largest shareholder is stepping down from its board to avoid any possible conflict of interest.
Machinists top Teamsters in vote to represent US Air mechanics
(Reuters) – The machinists union on Monday won an election to represent nearly 5,000 US Airways Group mechanics, beating back an attempt by the Teamsters to gain a foothold at the carrier ahead of its merger with American Airlines.
Dow, S&P 500 end lower; Nasdaq lifted by BlackBerry, Apple
NEW YORK (Reuters) – The Dow and the S&P 500 indexes dipped on Monday, extending losses from Wall Street’s worst week since June last week, but Apple and BlackBerry kept the Nasdaq index afloat.
Yum’s July China restaurant sales drop more than expected
(Reuters) – KFC parent Yum Brands Inc on Monday reported a steeper-than-expected 13 percent drop in July sales at established restaurants in China after back-to-back blows from a food safety scare and a bird flu outbreak in its most important market.
FHFA can sue Ally despite ResCap bankruptcy, judge rules
(Reuters) – The Federal Housing Finance Agency may pursue a fraud lawsuit against Ally Financial Inc even though Ally’s Residential Capital LLC mortgage unit is in bankruptcy, a federal judge said on Monday.
