Italy's Recession Pain Stretches to a Year
Italy has been the eurozone's most sluggish economy for more than a decade and it shrank further into recession in the second quarter for a 2.5% yearly decline.
Clearstream Posts Lower July Transactions, Stable Assets Held
Deutsche Boerse AG's (DB1.XE) international central securities depository Clearstream Banking S.A.
AT&T Reaches Tentative Deal with Wireline Employees
AT&T Inc.'s (T) Southeast business has reached a tentative agreement with the Communications Workers of America that includes yearly wage increases and small pension increases, bringing the number of its wireline employees covered by agreements to nearly 48,000.
Thai Firm Challenges Heineken's Bid for APB
Dutch brewer Heineken NV (HEIA.AE) may face a battle for control of Asia Pacific Breweries Ltd. (A46.SG) after a Thai company made a bid for a stake in the maker of Tiger beer.
Fed Hands MetLife $3.2 Million Penalty
The Federal Reserve Tuesday imposed a $3.2 million penalty on MetLife Inc. (MET), saying the insurer hadn't adequately overseen mortgage loan servicing and foreclosure processing operations at its subsidiary bank.
Applications Given Early Antitrust Clearance
The Hart-Scott-Rodino Act requires under certain circumstances that prospective acquirers of voting securities or assets apply for clearance from regulators.
Refinery Status: Chevron Shuts Richmond, Calif. CDU After Fire
The following table lists unplanned and planned production outages at U.S. refineries as reported by Dow Jones Newswires.
Obama Administration Says Will Expedite Renewable Energy Projects
The Obama administration on Tuesday said it will expedite seven renewable energy infrastructure projects--several in battleground states--to power about 1.5 million homes.
Sirius XM Posts $3B 2Q Profit on Tax Gain
Led by higher prices and subscriber growth, Sirius XM Radio (NASDAQ:SIRI) reported a stronger second-quarter profit that met Wall Street expectations, sending its shares 2% higher Tuesday. The satellite radio provider reported net income of $3.1 billion, or 48 cents a share, led by a $3 billion
Canada Stocks Jump, Loonie Tests Parity
Canadian stocks rallied Tuesday after the long holiday weekend, with Toronto's benchmark equities index rising 141 points, or 1.2%, to 11,804.