Analysis: Citigroup has an emerging markets headache
(Reuters) – Stronger earnings by Citigroup Inc show it is on the path to recovery but its broad presence in emerging markets, many of which are experiencing slowing economic growth, may temper investors’ optimism.
Johnson & Johnson results beat forecasts; Elan share sale helps
(Reuters) – Johnson & Johnson on Tuesday reported higher-than-expected quarterly earnings on strong demand for its prescription drugs and medical devices, but a big gain from the sale of a stake in Irish drugmaker Elan Corp skewed the results.
Chrysler’s Ram tops Consumer Reports’ pickup truck rankings
DETROIT (Reuters) – Chrysler’s redesigned Ram 1500 has won the latest skirmish in the never-ending war for bragging rights in the lucrative full-size pickup truck sector as it was named the top pick in that segment for the first time ever by Consumer R…
Industrial output up more than expected in June
WASHINGTON (Reuters) – Industrial production rose slightly more than expected in June as manufacturing output picked up speed, a welcome sign for an economy that appears to have slowed sharply in the second quarter.
Charles Schwab posts 7 percent fall in net profit
(Reuters) – Online broker Charles Schwab Corp posted a 7 percent fall in quarterly profit as growth in net new assets slowed and expenses rose.
GM’s first half global sales up 4 percent on strong U.S., China demand
DETROIT (Reuters) – General Motors Co’s global sales rose almost 4 percent in the first six months of the year as strong demand in the United States and China outweighed sliding sales in Europe, the company said on Tuesday.
Banks check Chinese walls as Hannam appeal reveals cracks
LONDON (Reuters) – The name of the top London banker fighting to overturn a fine for market abuse is coming up in conversations between lawyers and their clients, who are asking: “Is this a Hannam?”.
Barclays poaches JP Morgan’s Morzaria as new finance chief
LONDON (Reuters) – Barclays has poached JP Morgan executive Tushar Morzaria to become its new finance director, offering him up to 6 million pounds ($9.1 million) in annual pay and awards to help the bank recover from a series of scandals.
Honeywell asked to join UK Dreamliner fire probe: AAIB
LONDON (Reuters) – U.S. conglomerate Honeywell has been invited to join the investigation into the fire that broke out aboard one of Boeing’s 787 Dreamliner jets last week, Britain’s Air Accident Investigation Branch (AAIB) said on Tuesday.
Gold sale not only option for Cyprus: finance minister
NICOSIA (Reuters) – Cyprus said on Tuesday a sale of its gold reserves was not the only option under consideration to pay down its debt and that other alternatives were being considered.
