T-Mobile adds more customers on marketing push
NEW YORK (Reuters) – T-Mobile US posted a 16 percent decrease in quarterly adjusted EBITDA due to higher promotional expenses, which in turn helped the No. 4 U.S. mobile service provider add more customers.
Nestle cuts growth target on sluggish Europe
ZURICH (Reuters) – Underlying sales growth at Nestle missed forecasts in the first half and lagged the performance of key rivals, prompting the world’s biggest food group to cut its sales goal as price erosion continued in Europe.
Analysis: Ottawa set to leave telecom door open for Verizon
TORONTO (Reuters) – Canada’s wireless industry is bracing for its biggest shakeup in decades as Ottawa appears impervious to pleas that it block U.S. giant Verizon Communications Inc from the lucrative market.
Justice Department targets banks serving online payday lenders: WSJ
(Reuters) – The U.S. government has issued subpoenas to banks and other companies that handle payments for an array of questionable financial ventures, including online payday lenders, the Wall Street Journal reported, citing Justice Department officia…
Fast Retailing signs Europe-led Bangladesh fire and safety accord
TOKYO (Reuters) – Fast Retailing Co Ltd , Asia’s biggest retailer and operator of the Uniqlo clothing chain, said on Thursday it had signed a Europe-led safety pact for Bangladesh garment factories after a building collapse in April killed more than 1,…
Hilton selects banks to lead initial public offering: sources
NEW YORK (Reuters) – Blackstone Group LP has selected banks to lead an initial public offering of Hilton Worldwide Inc as it prepares to bring one of the largest leveraged buyouts back to the stock market, three people familiar with the matter said on …
Japan says PM Abe will set up panel on sales tax hike
TOKYO (Reuters) – Japanese Prime Minister Shinzo Abe will set up a panel to study the impact of a planned sales tax hike on the economy, the government’s top spokesman said on Thursday.
JPMorgan faces criminal and civil probes over mortgages
(Reuters) – JPMorgan Chase & Co, the biggest U.S. bank by assets, said on Wednesday that it faces a criminal probe by the U.S. Department of Justice over sales of mortgage-backed securities and that civil investigators have already concluded it violated securities laws.
Groupon names Lefkofsky CEO; revenue exceeds estimates
SAN FRANCISCO (Reuters) – Groupon Inc named co-founder Eric Lefkofsky its chief executive and reported a record quarter for its North American business, signaling growing momentum in its comeback effort, and its shares rose almost 20 percent.
London Metal Exchange eyes three CEO candidates: Bloomberg
(Reuters) – The London Metal Exchange is considering three candidates to succeed Chief Executive Martin Abbott who is set to step down at the end of the year, Bloomberg reported, citing two people familiar with the matter.
