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 Latest Business and Finance News
Electrolux CEO seeks to rescue GE deal after legal blow [Reuters]
STOCKHOLM (Reuters) - Buying only parts of the GE Appliances business would not make sense, the head ...Detail
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Tesco sales down less than expected in first quarter  [Reuters] 26 Jun, 2015
LONDON (Reuters) - Britain's biggest supermarket chain Tesco said sales had declined less than expected in its first quarter, suggesting a tentative recovery in its key home market could be starting to move onto a stronger fo ...
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Karachi desperately needs more teaching hospitals  [Business Recorder] 26 Jun, 2015
Karachi: Recent heatstroke crisis in Karachi has showed that longstanding demand of Pakistan Medical Association (PMA) and Pakistan Islamic Medical Association (PIMA) regarding opening a government-run teaching hospital in each of ...
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Tesco beats forecasts with improved quarterly trading  [Reuters] 26 Jun, 2015
LONDON (Reuters) - Britain's biggest supermarket Tesco showed a tentative recovery in its key home market was starting to move onto a stronger footing, with the sales decline in its first quarter coming in ahead of forecasts. ...
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Asia stocks fall, euro drifts down as Greek crisis deepens  [Reuters] 26 Jun, 2015
TOKYO (Reuters) - Asian stocks fell on Friday as Greece failed again to reach an agreement with its creditors and stumbled towards a default, while major currencies like the euro and dollar drifted in narrow ranges as the debt sag ...
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Oil prices rise, all eyes on Greece  [Reuters] 26 Jun, 2015
SINGAPORE (Reuters) - Oil prices edged higher on Friday, sticking to a tight range as investors focused on talks aimed at averting a Greek debt default.
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Japan, U.S. can reach agreement for July pan-Pacific trade deal: Japan official  [Reuters] 26 Jun, 2015
TOKYO (Reuters) - Japan and the United States are likely to resolve outstanding bilateral issues so that a 12-nation Trans-Pacific Partnership (TPP) deal can be struck at a multilateral ministerial meeting expected in July, a seni ...
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Euro steady as Greece debt talks stay deadlocked  [SamaaTV] 26 Jun, 2015
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Capital One, Apollo among bidders for GE health-care lender: Bloomberg  [Reuters] 26 Jun, 2015
(Reuters) - Capital One Financial Corp and Apollo Global Management have bid for General Electric Co's health-care finance unit, which could fetch more than $11 billion, Bloomberg reported.
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Asia stocks fall, euro drifts as Greek crisis deepens  [Reuters] 26 Jun, 2015
TOKYO (Reuters) - Asian equities fell on Friday as Greece failed again to reach an agreement with its creditors and stumbled towards a default, while major currencies like the euro and dollar drifted in narrow range as the debt sa ...
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Oil prices steady, all eyes on Greece  [Reuters] 26 Jun, 2015
SINGAPORE (Reuters) - Oil prices were little changed in thin trade on Friday, with investors focusing on talks aimed at averting a Greek debt default.
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Asia falls, euro drifts as Greece remains in spotlight  [Reuters] 26 Jun, 2015
TOKYO (Reuters) - Asian equities fell on Friday as Greece failed again to reach an agreement with its creditors and stumbled toward a default, while major currencies like the euro and dollar drifted as the debt saga sidelined inve ...
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Wall Street ends lower, but health stocks rally  [Reuters] 25 Jun, 2015
NEW YORK (Reuters) - U.S. stocks ended a quiet session with modest losses on Thursday, but healthcare stocks rallied after the U.S. Supreme Court upheld tax subsidies key to President Barack Obama's signature healthcare refor ...
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Nike beats estimates again as demand shows no sign of abating  [Reuters] 25 Jun, 2015
(Reuters) - Nike Inc , the world's largest footwear maker, reported a better-than-expected profit for the eighth quarter in a row as it sold more high-margin shoes and apparel at higher prices, and posted a surprise rise in g ...
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Ousted CEO Charney files two more lawsuits against American Apparel  [Reuters] 25 Jun, 2015
(Reuters) - American Apparel Inc said its ousted Chief Executive Dov Charney filed two more lawsuits against the company alleging defamation, representation in false light and claims for securities fraud.
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Aetna close to buying Humana - Bloomberg  [Reuters] 25 Jun, 2015
(Reuters) - U.S. health insurer Aetna Inc is close to buying rival Humana Inc and a deal could be signed as early as this weekend, Bloomberg reported, citing people familiar with the matter.
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No deal for Greece, creditors; top-level talks resume Saturday  [Reuters] 25 Jun, 2015
BRUSSELS (Reuters) - Greece failed again to clinch a deal with its international creditors on Thursday, setting up a last-ditch effort on Saturday to either avert a default next week or start preparing to protect the euro zone fro ...
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Canada's Valeant approaches to buy Zoetis: WSJ  [Reuters] 25 Jun, 2015
(Reuters) - Canada-based drugmaker Valeant Pharmaceuticals International Inc has approached to buy Zoetis Inc , an animal-health company, the Wall Street Journal reported.
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IMF to Fed: Drop the dots  [Reuters] 25 Jun, 2015
WASHINGTON (Reuters) - Now that International Monetary Fund head Christine Lagarde has told the Fed to wait to raise interest rates, the IMF staff has followed up with suggestions that the U.S. central bank remake its communicatio ...
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Foreign exchange reserves exceed $18.20 bn  [Geo TV] 25 Jun, 2015
ISLAMABAD: Foreign Exchange Reserves held by the country exceeded $18.20 billion. A statement issued by the
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Nike profit beats again on strong sales of high-margin shoes, apparel  [Reuters] 25 Jun, 2015
(Reuters) - Nike Inc , the world's largest footwear maker, reported a better-than-expected profit for the eighth quarter in a row as it sold more high margin basketball shoes and apparel at higher prices.
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Nike profit rises 24 percent  [Reuters] 25 Jun, 2015
(Reuters) - Nike Inc , the world's largest footwear maker, reported a 24 percent rise in quarterly profit as it sold more high margin basketball shoes and apparel at higher prices.
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Lululemon hit by recall of women's top due to elastic draw cords  [Reuters] 25 Jun, 2015
TORONTO (Reuters) - Lululemon Athletica Inc , which was hit by high-profile recall of overly sheer yoga pants in 2013, is recalling more than 300,000 women's tops due to the risk from the product's elastic draw cords, Ca ...
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Aetna close to buying Humana: Bloomberg  [Reuters] 25 Jun, 2015
(Reuters) - Health insurer Aetna Inc is close to buying rival Humana Inc , and a deal could be signed as early as this weekend, Bloomberg reported.
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Wall St. little changed; health stocks rally  [Reuters] 25 Jun, 2015
(Reuters) - Healthcare stocks surged after the U.S. Supreme Court upheld tax subsidies key to Obamacare but the broader market was little changed in afternoon trading as concerns over the Greece debt crisis weighed.
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Bankrupt gun maker Colt gets revised loan, eases rush to sale  [Reuters] 25 Jun, 2015
(Reuters) - Bankrupt gun maker Colt Holdings has reached an agreement with its bondholders that will postpone the company's rush into a controversial sale to its current private equity owner while also providing much-needed c ...
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Wall Street up as health stocks rally on Obamacare ruling  [Reuters] 25 Jun, 2015
(Reuters) - Healthcare stocks jumped after the U.S. Supreme Court upheld tax subsidies key to Obamacare while a jump in consumer spending sent the broader U.S. market higher.
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Greek pledges rest on hard-to-keep promise of tax reforms  [Reuters] 25 Jun, 2015
ATHENS (Reuters) - When Greece's tax police squad raided a busy cafe-restaurant in an upscale central Athens district earlier this year, it discovered two cash registers and an elaborate system of issuing fake receipts -- at ...
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Citigroup combines retail banking and mortgage operations  [Reuters] 25 Jun, 2015
(Reuters) - Citigroup Inc will combine its retail banking and mortgage operations under Jonathan Larsen, the current global head of retail banking, according to an internal memo seen by Reuters.
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Barnes & Noble reports loss again as Nook sales plunge  [Reuters] 25 Jun, 2015
(Reuters) - Barnes & Noble Inc reported a fall in sales for the fourth consecutive quarter as demand for the company's Nook tablets continued to fall and customers stayed away from its brick-and-mortar bookstores.
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Foreign exchange reserves exceed US$ 18.20bn  [Business Recorder] 25 Jun, 2015
ISLAMABAD: Foreign Exchange Reserves held by the country exceeded US$ 18.20 billion.A statement issued by the Ministry of Finance here Thursday said that out of the total forex reserves, over US$ 13 billion are with the State Bank ...
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