A US regulator subpoenaed major metal warehousing firms after an alleged restriction of material inflated prices.
Investors
Procter and Gamble recalls dry pet food for salmonella contamination
The Procter & Gamble Company voluntarily recalled some lots of its Eukanuba and Iams dog and cat foods for possible Salmonella contamination.
Florida judge dismisses lawsuit against US regulator for negligence in Stanford case
A Florida federal judge dismissed the lawsuit against the US Securities and Exchange Commission for its alleged failure to report Allen Stanford's Ponzi scheme to Securities Investor Protection Corp.
Increase in retail sales sign of better US economy
Retail sales in the US rose in July, signifying better times for the US economy. The Commerce Department revealed that US retail sales rose to 0. 2% in July.
Athens economy continues to falter at 4.6% in second quarter
Greece's economic growth rates continues to slow down despite bailouts. In its sixth uninterrupted year of recession,Greece is still far from recuperating from an economic slump .
Latest News
Analysts disclosed that BlackBerry's assets could attract investors. Reports have resounded Blackberry's confirmation in contemplating alternatives to boost the company position up, including a sale of the company In connection to this, Reuters divulged an overview of BlackBerry's resources in a report that may entice investors.
BlackBerry could go private to help improve market value. BlackBerry finds itself on the verge of going private, according to analysts in a Reuters report.
J.C. Penney appoints new director to settle publicized clash with Bill Ackman. Reuters' early reports indicated the plans of J. C. Penney to name its new director last Monday.
A source said Sony Corp reached a preliminary agreement with Viacom Inc. for television streaming services.
Studies by financial analysts indicated that the banking sector is recovering and may regain top spot on S & P.
Sequoia Capital raises US$1.1 billion of funds from five new ventures in Israel, China and the United States.
Chris Hagstrom was appointed head of prime brokerage for the U.S. by Switzerland's largest bank, UBS.
Itau Unibanco Holding SA will contest tax charges amounting to BRL18.7 billion (USD7.9 billion). Latin America's largest bank in terms of market value, Itau Unibanco Holding SA received tax charges amounting to BRL18.
The bank recently assigned Nikolaus Giesbert to head the newly merged fixed income and currencies sales and trading arms division.
