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U.S. trade gap at five-month low, to boost second-quarter GDP

U.S. trade gap at five-month low, to boost second-quarter GDP

WASHINGTON (Reuters) – The U.S. trade deficit narrowed more than expected in June as petroleum imports dropped to a 3-1/2-year low, suggesting that trade was less of a drag on second-quarter...
U.S. Treasury to conduct test bond buyback operations

U.S. Treasury to conduct test bond buyback operations

WASHINGTON (Reuters) – The United States will buy back debt in the coming quarter for the first time since 2002 to make sure its computer infrastructure is adequate for any future buyback...
U.S. trade deficit narrows as petroleum imports fall

U.S. trade deficit narrows as petroleum imports fall

narrowed more than expected in June as petroleum imports dropped
Walgreen won’t shift tax domicile abroad as buys Alliance Boots

Walgreen won’t shift tax domicile abroad as buys Alliance Boots

(Reuters) – U.S. retailer Walgreen Co will make a full takeover of Europe’s biggest pharmacy chain Alliance Boots , but won’t use the deal to move its tax domicile overseas after...
Standard Chartered faces fresh fine from NY regulator

Standard Chartered faces fresh fine from NY regulator

LONDON (Reuters) – Standard Chartered Plc said it faces another fine from New York’s financial regulator for problems related to detecting transactions vulnerable to money laundering,...
Walgreen retreats from plan to move tax domicile abroad

Walgreen retreats from plan to move tax domicile abroad

WASHINGTON/NEW YORK (Reuters) – U.S. retailer Walgreen Co has backed away from a plan to reincorporate abroad to cut its U.S. tax bill, while the Obama administration said it was considering...
Tod’s moves on from cozy loafers in bid to recover sales

Tod’s moves on from cozy loafers in bid to recover sales

ROME (Reuters) – Italian designer label Tod’s is edging away from its comfortable driving shoes, ballerina flats and platform sandals in an attempt to diversify its business and revive...
Standard Chartered may face new penalty over failure to flag risky transactions: source

Standard Chartered may face new penalty over failure to flag risky transactions: source

(Reuters) – Standard Chartered PLC is back in the crosshairs of New York’s banking regulator over alleged failure to flag high risk transactions for further review, according to a person...
Tesla resolves trademark dispute in China

Tesla resolves trademark dispute in China

SHANGHAI/BEIJING (Reuters) – U.S. electric carmaker Tesla Motors Inc said it has “completely and amicably” resolved a trademark dispute in China, removing a hurdle that had...
Samsung Electronics, Apple agree to drop patent lawsuits outside U.S.: Samsung says

Samsung Electronics, Apple agree to drop patent lawsuits outside U.S.: Samsung says

SEOUL (Reuters) – Samsung Electronics Co Ltd and Apple Inc agreed to scale down their international legal war and withdraw patent lawsuits outside the United States, a Samsung spokesman said on...