UPDATE 1-Lilly third-quarter results miss estimates
Oct 25 Eli Lilly and Co reported third-quarter revenue below Wall Street estimates, driven by lower demand for its products outside the United States.
June 18 Popular Inc, the parent of Banco Popular de Puerto Rico, said it has received regulatory approval to repay $935 million to the U.S. Treasury Department that it received under the bank bailout program.
Popular intends to fund the repayment of the Troubled Asset Relief Program (TARP) funds from a combination of internal liquidity and an issuance of approximately $400 million of debt securities, subject to market conditions.
As of May 31, $424.1 billion was disbursed under TARP. Cumulative collections, together with Treasury's additional proceeds from the sale of non-TARP shares of AIG, total $438.7 billion, according to a report by U.S. Treasury Department. (1.usa.gov/1r9LzFN)
Popular is among the top 10 remaining lenders that still owe money to the government under TARP.
TARP was set up as a $700-billion program at the height of the 2007-2009 financial crisis and was used as a mechanism for propping up struggling financial institutions that are regaining strength as economic conditions improve. (Reporting by Neha Dimri in Bangalore; Editing by Cynthia Osterman)
LONDON, Oct 25 Britain on Tuesday gave Heathrow Airport the green light to build a new $22 billion runway, ending 25 years of indecision with the most ambitious option available to boost global trade links following the vote to leave the EU.
* KeyCorp reports third quarter 2016 net income of $165 million, or $.16 per common share; earnings per common share of $.30, excluding $.14 of merger-related charges