For online lenders, Wall Street cash brings growth and risk
SAN FRANCISCO (Reuters) – Institutional investors are tripping over themselves to buy so-called peer-to-peer loans offered by a new breed of Internet lending companies, a development that could transform the nascent sector into significant player in th…
Toyota says to recall 185,000 cars globally, including Yaris
TOKYO (Reuters) – Toyota Motor Corp said it is recalling around 185,000 vehicles globally including the Yaris compact due to a glitch in the electric power steering system, which could make the steering heavier.
ECB’s Asmussen: Greece has more to do to convince troika
BERLIN (Reuters) – European Central Bank Executive Board member Joerg Asmussen told a German newspaper on Wednesday Greece had more to do to ensure a positive outcome to a review by its “troika” of international lenders, but said talk of debt write-dow…
Fed’s word is its bond, now lost in translation
WASHINGTON/NEW YORK (Reuters) – It probably seemed like a good idea to Federal Reserve officials at the time.
China June HSBC services PMI expands modestly
BEIJING (Reuters) – Activity in China’s services sector was lackluster in June as new orders grew at their weakest pace in more than four years, a survey showed, providing further evidence that the world’s second-largest economy was losing momentum.
Strip mall owners struggle with lack of demand in second quarter
NEW YORK (Reuters) – U.S. strip mall owners struggled with a lack of demand in the second quarter, although limited construction of new space led to a modest improvement in vacancy rates and slightly higher rents, according to a report released on Wedn…
Founder told to sweeten offer for Dell as Icahn ups the stakes
NEW YORK (Reuters) – Michael Dell has been advised to raise his $24.4 billion offer for Dell Inc, coming under further pressure as billionaire investor Carl Icahn revealed he had committed more than $3 billion to back an alternative proposal.
Yahoo buys mobile app co Qwiki
(Reuters) – Yahoo Inc said that it will buy Qwiki Inc, a mobile app for creating videos in Apple Inc’s iPhone, as it tries to increase its presence in the world of smartphones and tablets.
Apple hires former Yves Saint Laurent CEO for ‘special projects’
SAN FRANCISCO (Reuters) – Apple Inc has hired the former chief executive of French luxury group Yves Saint Laurent for “special projects” reporting to Chief Executive Officer Tim Cook.
Toyota may fall short of Prius U.S. sales goal in 2013
DETROIT (Reuters) – Toyota Motor Corp may fall short of its goal to sell 250,000 of its hybrid Prius models in the U.S. market this year, a Toyota executive said on Tuesday.
