MF Global trustee Freeh seeks additional $1 million in fees
(Reuters) – Former FBI chief Louis Freeh, the state-appointed trustee in the MF Global bankruptcy case, has asked to be paid another $1 million for winding down the failed brokerage.
GM to invest extra $167 million in Tennessee plant for new vehicles
DETROIT (Reuters) – General Motors Co on Tuesday said it will boost investment in its Tennessee assembly plant by $167 million for the production of two future vehicles.
ICE profit rises 7 percent on energy futures, CDS clearing
NEW YORK (Reuters) – IntercontinentalExchange Inc, which is in the process of buying NYSE Euronext for $8.2 billion, reported a 7 percent rise in second-quarter profit on Tuesday, helped by higher energy futures volumes and credit default swap clearing…
Tight U.S. crop supply squeezes ADM profits
CHICAGO (Reuters) – Archer Daniels Midland Co , one of the world’s largest agricultural trading houses, said on Tuesday that quarterly earnings fell as crop supplies tightened after the worst U.S. drought in more than half a century left harvests devas…
GM cuts Volt electric car price by $5,000 for 2014 model
DETROIT (Reuters) – General Motors Co said on Tuesday it is slashing the price of its Chevrolet Volt electric car by $5,000 to help boost demand for the plug-in hybrid in a segment still struggling to gain a foothold in the U.S. auto market.
OfficeMax results highlight office supply sector woes
(Reuters) – OfficeMax Inc reported lower-than-expected quarterly results on lackluster sales to corporate customers and regular shoppers, and warned of weak sales in the period that includes the all-important back-to-school season.
Home prices jump in June as sector recovers: CoreLogic
NEW YORK (Reuters) – Home prices jumped in June and are forecast to ramp up further in the latest signs of a housing market that is on the mend, data from CoreLogic showed on Tuesday.
ADM raises provision to settle bribery probe to $54 million
CHICAGO (Reuters) – Archer Daniels Midland Co said on Tuesday it was preparing to pay more than twice as much as previously expected to settle a bribery probe with the U.S. government.
Deutsche Post outlook improves as Asia strategy pays off
FRANKFURT (Reuters) – Deutsche Post’s strategy of investing in Asia paid off in the second quarter as it gained market share in its express delivery business, offsetting losses from cost-conscious customers switching to cheaper shipping options.
Dish reports net loss, decline in pay-TV subscribers
(Reuters) – Dish Network Corp, the second-largest U.S. satellite TV company, posted a net loss in the second quarter as it took a $438 million charge related to satellite acquisitions, and reported a decline in gross pay-TV subscribers.
