Euro zone business growth slows in July, prices fall: PMI

LONDON, Aug 21 - Euro zone private business growth slowed more than expected this month, despite widespread price cutting, as manufacturing and service industry activity both dwindled, a survey showed on Thursday.

Recent Business News

Exclusive: U.S. regulators step up warnings to banks for poor risk-spotting

NEW YORK - U.S. regulators are sending some of the biggest global banks verbal warnings as they crack down on the firms' poor grasp of their own weaknesses, and push for rapid improvements in risk assessment, according to two sources familiar with the matter.

Dollar General questions motives of Family Dollar CEO

- Dollar General Corp questioned whether Family Dollar Stores Inc Chief Executive Howard Levine was being driven by self-interest in his support of a proposed takeover of his company by Dollar Tree Inc .

3:52am EDT

Toyota to cut prices of Lexus auto parts in China amid anti-trust concerns

SHANGHAI - Toyota Motor Corp said on Thursday that it would cut prices of auto parts for its luxury Lexus models in China, following similar moves by its German rivals, in response to heightened regulatory scrutiny over anti-trust issues.

Fed debates merits of earlier rate hike given U.S. jobs gains

WASHINGTON - The U.S. Federal Reserve hinted on Wednesday that a surprisingly strong jobs market recovery could lead it to raise interest rates earlier than it had been anticipating.

20 Aug 2014

BofA in $16.5 billion deal with U.S. over mortgage bonds: source

WASHINGTON - Bank of America Corp is expected to pay more than $16.5 billion to end investigations into mortgage securities that the bank and its units sold in the run-up to the financial crisis, in a deal that could be announced as early as Thursday, a person familiar with the matter said.


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