Loblaw bid for Shoppers would expand Weston family empire
TORONTO (Reuters) – The bid by Canada’s largest grocer for its largest pharmacy chain is just the latest move by the Weston family, Canada’s second-richest clan, to expand a food and clothing empire that began 131 years ago with a Toronto bread factory…
Bankrupt Alabama county picks Citigroup to run $1.9 billion bond deal
BIRMINGHAM (Reuters) – Lawmakers in Alabama’s bankrupt Jefferson County on Monday chose Citigroup Global Markets as senior underwriter for a planned $1.9 billion bond refinancing in late 2013 that is central to ending America’s biggest municipal bankru…
Honeywell says participating in Boeing 787 fire investigation
NEW YORK (Reuters) – Honeywell International Inc said on Monday it was invited by UK investigators to participate in the probe of a fire aboard a Boeing Co 787 that occurred on Friday at Heathrow airport in London.
Here today, gone tomorrow: Retailers pop up for back-to-school
NEW YORK (Reuters) – Temporary stores, a money-making staple during the Halloween and Christmas seasons, are going back to school.
General Dynamics sees big savings from merging combat systems units
WASHINGTON (Reuters) – Citing waning demand, weapons maker General Dynamics Corp on Monday said it would consolidate its two combat systems businesses and close the Charlotte, North Carolina, headquarters of one of them by the end of 2013.
Modest rise in retail sales offers cautionary economic note
WASHINGTON (Reuters) – Retail sales rose less than expected in June, the latest sign of a slowdown in economic growth that offers a cautionary note to the Federal Reserve as it mulls scaling back its monetary stimulus.
Fed’s Tarullo says Glass-Steagall return not high on his list
WASHINGTON (Reuters) – A Federal Reserve official on Monday questioned the latest congressional plan to break up big banks, saying it is unclear whether such a move would prevent the next financial crisis.
Top Monte Paschi investor backs scrapping stake limit
MILAN (Reuters) – The top shareholder in Monte dei Paschi di Siena , Italy’s third biggest lender, will back changing ownership rules at the bank at a meeting this week to lure new investors, it said on Monday.
IMF has doubts on trading tax, suggests other levies
MILAN (Reuters) – The IMF raised doubts about a tax on financial trading a group of European states is due to bring in next year, saying other levies may be more efficient ways of obtaining revenues from the financial sector.
Analysis: Fracking water’s dirty little secret – recycling
LOS ANGELES (Reuters) – The oil and gas industry is finding that less is more in the push to recycle water used in hydraulic fracturing. Slightly dirty water, it seems, does just as good a job as crystal clear when it comes to making an oil or gas well…
