Yahoo buys browser RockMelt to bolster mobile, networking
SAN FRANCISCO (Reuters) – Yahoo Inc acquired social Web browser company Rockmelt, the latest move by the struggling Web portal to scoop up technology and engineering talent that could bolster its mobile and social networking efforts.
New data leads to restated annual sales rates for U.S. auto sector
DETROIT (Reuters) – The U.S. auto industry’s weaker-than-expected overall sales results for July disappeared on Friday after the federal government released updated data used to compute the annual sales rate each month.
U.S. wins trade dispute with China over chicken parts
GENEVA/WASHINGTON (Reuters) – The United States won a long-running trade dispute with China on Friday when the World Trade Organization found Beijing had broken global rules by imposing anti-dumping duties on U.S. chicken broiler parts.
Chevron profit drops on cheaper oil, slim refining margins
(Reuters) – Chevron Corp posted on Friday a steeper-than-expected 26 percent drop in quarterly profit on softer oil prices and thinner refining margins.
TD Ameritrade CEO Tomczyk signs new contract at $6.5 million a year
NEW YORK (Reuters) – The chief executive of discount brokerage firm TD Ameritrade Holding Corp has signed a four-year employment agreement guaranteeing an annual base salary of $900,000 and target annual cash and stock incentives of $5.6 million throug…
New RBS boss McEwan tasked with restoring bank to health
LONDON (Reuters) – New Zealander Ross McEwan was confirmed as boss of Royal Bank of Scotland on Friday, tasked with laying the foundations for Britain to start selling its 81 percent stake in the bank.
GM splits China from international unit, hires former Volvo CEO
DETROIT (Reuters) – General Motors Co said on Friday it has split the critical China operations from its international unit, which will now be run by the former chief executive of Swedish automaker Volvo.
HSBC replaces long-time auditor KPMG with PwC
LONDON (Reuters) – HSBC Holdings said PricewaterhouseCoopers (PwC) will be its auditor from 2015, replacing KPMG, in the first change by a major UK bank after calls from regulators for firms to change their accountants more regularly.
U.S. consumer spending, inflation rise in June
WASHINGTON (Reuters) – U.S. consumer spending increased and inflation pushed higher in June, which could strengthen expectations that the Federal Reserve will curtail its bond purchases later this year.
RBS boss McEwan dusts off clan motto: ‘I grow strong again’
LONDON (Reuters) – New Zealander Ross McEwan shocked Royal Bank of Scotland investors in March with a blunt message in his first presentation in London: there are no good British banks.
