Citigroup to pay $10.75 million in arbitration
(Reuters) – Citigroup Inc was ordered to pay $10.75 million to a former customer over losses from investments in Royal Bank of Scotland Group PLC , which was bailed out after the 2008 financial crash, a securities arbitration panel ruled.
U.S. ITC delays word on whether Samsung infringes Apple’s patents
WASHINGTON (Reuters) – The U.S. International Trade Commission said on Thursday it would delay a decision on whether some mobile phones and tablets made by Samsung Electronics Co Ltd infringe on Apple Inc’s patents.
LinkedIn revenue soars to $363.7 million
SAN FRANCISCO (Reuters) – LinkedIn Corp reported revenue of $363.7 million in second quarter, a 59 percent jump, after its membership numbers continued to soar after several quarters of slowing growth.
SEC official says ‘gratified’ by Tourre trial verdict
WASHINGTON (Reuters) – A top U.S. Securities and Exchange Commission official said the agency was “gratified” by a jury’s finding on Thursday that former Goldman Sachs Inc banker Fabrice Tourre was liable for fraud.
Costs hit Big Oil; shale surge lifts smaller producers
LONDON/HOUSTON (Reuters) – Some of the western world’s top oil companies abandoned output targets and missed profit forecasts on Thursday as they promised to clamp down on rising costs that hurt quarterly results.
P&G appears back on track with CEO Lafley’s return
(Reuters) – Procter & Gamble Co forecast a slightly more upbeat 2014 than expected on Thursday as Chief Executive A.G. Lafley tries to get the world’s largest household products maker back on track without sacrificing profitability.
Judge approves Citigroup $590 million settlement
NEW YORK (Reuters) – A federal judge gave final approval Thursday to a $590 million settlement by Citigroup Inc that resolves a shareholder lawsuit accusing the bank of hiding tens of billions of dollars of toxic mortgage assets.
Factory, jobless data point to firming economy
WASHINGTON (Reuters) – Factory activity jumped to a two-year high in July and first-time applications for jobless benefits hit a 5-1/2-year low last week, bolstering views economic growth would accelerate in the second half of the year.
India eases sourcing, investment rules for foreign supermarkets
NEW DELHI (Reuters) – India eased investment rules for the retail sector on Thursday, allowing foreign supermarket operators to procure from small businesses which have invested no more than the equivalent of $2 million in plant and machinery, Trade Mi…
ConocoPhillips beats estimates as output increases
(Reuters) – ConocoPhillips reported a better-than-expected profit due to higher oil and gas output and raised its full-year production forecast.
