NBC Universal’s fortune reversal lifts Comcast results
(Reuters) – Comcast Corp posted a higher quarterly profit on Wednesday, as it added more Internet customers than expected on the cable side and saw a more than 20 percent increase in operating cash flow at its NBC Universal unit.
U.S. ruling may step up Fiat’s Chrysler buyout settlement
MILAN (Reuters) – Fiat may step up efforts to negotiate a full buyout of majority-owned Chrysler out of court, sources said, after a Delaware judge prolonged the Italian carmaker’s legal tussle with a minority shareholder, the UAW union healthcare trus…
Energizer loses two battery accounts but maintains outlook
(Reuters) – Energizer Holdings Inc said on Wednesday that two U.S. retailers planned to stop selling its batteries, adding pressure to its sagging sales, while faster savings from its restructuring allowed it to maintain its profit forecast.
JP Morgan under investigation in Monte Paschi probe: document
SIENA/MILAN (Reuters) – Italian prosecutors probing Monte dei Paschi’s 2007 acquisition of a smaller rival are investigating U.S. investment bank JP Morgan over an alleged crime committed by one of its employees, according to a prosecutors’ document.
Qatar 787 back in air after 10-day outage: Flightaware
PARIS (Reuters) – A Qatar Airways 787 Dreamliner that was grounded last week amid reports of a problem with an electrical panel resumed flying on Wednesday, web tracking service Flightaware said.
Belaruskali says was not consulted on Uralkali pullout
MINSK (Reuters) – Belarussian potash producer Belaruskali said it was not consulted by Uralkali before the Russian company quit their joint venture, as it promised a new sales strategy to address the expected impact of its partner’s exit.
JP Morgan says acted correctly in Monte Paschi case
MILAN (Reuters) – U.S. investment bank J.P. Morgan , which is being investigated by Italian prosecutors probing Monte dei Paschi’s purchase of a smaller rival, said on Wednesday it and its employees acted correctly at all times.
Beijing offers growth assurance in its economic balancing act
BEIJING (Reuters) – China’s authorities, mindful of the risk of a sharp economic slowdown that could derail their reform efforts, sent their clearest signal yet that they will safeguard growth and tweak policy when necessary.
MasterCard posts 21 percent rise in profit, shares rise
(Reuters) – MasterCard Inc reported a better-than-expected 21 percent rise in quarterly profit as more people used cards to make payments, sending its shares up 3 percent before the bell.
U.S. private sector adds 200,000 jobs in July: ADP
NEW YORK (Reuters) – U.S. private employers added 200,000 jobs in July, topping economists’ expectations in an encouraging sign for the labor market recovery, a report by a payrolls processor showed on Wednesday.
