Insight: Apple controversy lays bare complex Irish tax web
DUBLIN (Reuters) – Occupying a single floor of a three-storey building in a suburban Dublin office park, Western Union’s offices are notably modest for the international headquarters of the world’s largest money transfer firm.
AT&T to pay hefty $1.2 billion for Leap in latest telco deal
NEW YORK (Reuters) – AT&T Inc will buy Leap Wireless International Inc for $1.19 billion, paying almost double the current value of the prepaid mobile service provider as major U.S. carriers scramble to acquire valuable wireless spectrum.
India ready for investment treaty talks with U.S.: commerce chief
WASHINGTON (Reuters) – India is ready to begin talks with the United States on a bilateral investment treaty as part of its effort to reinvigorate ties with a valued trade partner, the country’s commerce and industry minister said on Friday.
Former AIG chief Greenberg sues Eliot Spitzer for defamation
(Reuters) – Former American International Group Chief Executive Maurice “Hank” Greenberg sued Eliot Spitzer on Friday, alleging the former New York governor defamed him in several statements to the press, according to the lawsuit.
SEC frustrated over pace of U.S. financial crisis reforms
WASHINGTON (Reuters) – Top Securities and Exchange Commission officials are frustrated over lack of progress in finalizing rules for credit rating agencies and asset-backed securities (ABS), seen by regulators as major drivers of the 2007-2009 financia…
Analysis: Banks face profit lull as mortgage boom fizzles
(Reuters) – Unexpectedly large quarterly profits at JPMorgan Chase & Co and Wells Fargo & Co hide a more worrisome forecast for the rest of the year for many U.S. banks. Things could get worse before they get any better.
Bernanke’s challenge clear as Fed officials diverge on QE
JACKSON HOLE, Wyoming (Reuters) – The wide divergence of opinion within the Federal Reserve over when to wind down its unprecedented support for the U.S. economy was on full display on Friday, starkly illustrating Chairman Ben Bernanke’s leadership cha…
Boeing Dreamliner catches fire at London’s Heathrow airport
LONDON (Reuters) – A Boeing 787 Dreamliner operated by Ethiopian Airlines caught fire at Britain’s Heathrow airport on Friday in a fresh blow for the U.S. planemaker whose new model was grounded for three months after one high-tech battery caught fire …
Wells rides high on ‘mortgage horse,’ but run may end soon
(Reuters) – The home loan business came through for Wells Fargo & Co in the second quarter, helping the biggest U.S. mortgage lender beat Wall Street’s profit expectations, despite fears that lending volume would drop as rates rose.
AT&T to buy Leap Wireless for $1.19 billion in cash
(Reuters) – AT&T Inc said on Friday it will acquire prepaid wireless provider Leap Wireless International Inc in a deal valued at about $4 billion, including debt as large carriers scramble to accumulate valuable spectrum.
