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UK state raises $3.3 billion from first sale of RBS stake

AP-heads-latest5-business-banking - 12 min 43 sec ago
LONDON (AP) — The U.K. government said Tuesday it sold 5.4 percent of taxpayer-owned Royal Bank of Scotland for 2.1 billion pounds ($3.3 billion) as it begins to shed a majority stake acquired at the height of the financial crisis in 2008. (...)

GM to invest $877 million to upgrade oldest assembly plant

AP-heads-expanded-latest-business - 12 min 44 sec ago
FLINT, Michigan (AP) — General Motors says it's investing $877 million to upgrade an assembly plant in Flint. (...)
Categories: Business News, Latest

IMF signals delay on adding China to currency basket

AP-heads-expanded-latest-business - 12 min 44 sec ago
WASHINGTON (AP) — The staff of the International Monetary Fund is recommending that China wait until at least October 2016 to join an exclusive club of the world's top currencies. (...)
Categories: Business News, Latest

Travelers CEO to step down in December, cites health issues

AP-heads-expanded-latest-business - 12 min 44 sec ago
HARTFORD, Conn. (AP) — The Travelers Cos. Inc. said Tuesday that Chairman and CEO Jay S. Fishman will step down as CEO on Dec. 1 due to health problems. The company said Alan D. Schnitzer, head of the insurance company's business and international insurance unit, will succeed Fishman as CEO. (...)
Categories: Business News, Latest

Business Highlights

AP-heads-expanded-latest-business - 12 min 44 sec ago
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Categories: Business News, Latest

Luxury retailer Neiman Marcus files for IPO valued at $100M

AP-heads-expanded-latest-business - 12 min 44 sec ago
NEW YORK (AP) — Luxury retailer Neiman Marcus has filed for an initial public offering for the second time in a little more than two years. (...)
Categories: Business News, Latest

CVS earnings rise despite no tobacco fix

AP-heads-expanded-latest-business - 12 min 44 sec ago
Pricey specialty drugs helped CVS Health cope with tobacco withdrawal and top analyst expectations in the second quarter. (...)
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How the Dow Jones industrial average fared on Tuesday

AP-heads-expanded-latest-business - 12 min 44 sec ago
U.S. stocks dropped for a third straight day Tuesday as investors assessed some disappointing earnings reports. (...)
Categories: Business News, Latest

How much more does the CEO make? You may find out

AP-heads-expanded-latest-business - 12 min 44 sec ago
WASHINGTON (AP) — CEOs make a lot more than the average working Joe or Jane. And in the near future, Americans will find out how big the disparity actually is within publicly traded companies. (...)
Categories: Business News, Latest

US stocks move lower as earnings disappoint; Allstate slumps

AP-heads-expanded-latest-business - 12 min 44 sec ago
NEW YORK (AP) — U.S. stocks fell for a third straight day Tuesday as investors assessed some disappointing earnings reports. (...)
Categories: Business News, Latest

Shire offers to buy Baxter drug spinoff for $30 billion

AP-heads-expanded-latest-business - 12 min 44 sec ago
NEW YORK (AP) — The Irish drugmaker Shire is offering to buy Baxalta for about $30 billion in stock as it attempts to solidify its strengthening position in rare disease treatments. (...)
Categories: Business News, Latest

Coach and MGM are big market movers

AP-heads-expanded-latest-business - 12 min 44 sec ago
NEW YORK (AP) — Stocks that moved substantially or traded heavily Tuesday on the New York Stock Exchange and the Nasdaq Stock Market: (...)
Categories: Business News, Latest

Figures on government spending and debt

AP-heads-expanded-latest-business - 12 min 44 sec ago
WASHINGTON (AP) — Figures on government spending and debt (last six digits are eliminated). The government's fiscal year runs Oct. 1 through Sept. 30. (...)
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Apple slump deepens on iPhone, China concerns

AP-heads-expanded-latest-business - 12 min 44 sec ago
SAN FRANCISCO (AP) — Apple is slumping as the usually high-flying tech stock struggles with the burden of raised expectations. (...)
Categories: Business News, Latest

Court says chipmaker Marvell owes CMU $278M, not $1.54B

AP-heads-expanded-latest-business - 12 min 44 sec ago
NEW YORK (AP) — A federal appeals court reduced a judgment against chipmaker Marvell Technology by more than $1.25 billion, but still says the company owes Carnegie Mellon University $278 million for patent infringement. (...)
Categories: Business News, Latest

Fire sale on stuff that burns: Oil, natural gas, coal down

AP-heads-expanded-latest-business - 12 min 44 sec ago
NEW YORK (AP) — These days it seems whatever can be burned to power a car, heat a home, make electricity or ship people and goods around the globe is being sold at bargain basement prices. (...)
Categories: Business News, Latest

GM to invest $877 million to upgrade oldest assembly plant

AP-heads-latest-minute-business - 13 min 33 sec ago
FLINT, Michigan (AP) — General Motors says it's investing $877 million to upgrade an assembly plant in Flint. (...)
Categories: Business News, Latest

IMF signals delay on adding China to currency basket

AP-heads-latest-minute-business - 13 min 33 sec ago
WASHINGTON (AP) — The staff of the International Monetary Fund is recommending that China wait until at least October 2016 to join an exclusive club of the world's top currencies. (...)
Categories: Business News, Latest

Travelers CEO to step down in December, cites health issues

AP-heads-latest-minute-business - 13 min 33 sec ago
HARTFORD, Conn. (AP) — The Travelers Cos. Inc. said Tuesday that Chairman and CEO Jay S. Fishman will step down as CEO on Dec. 1 due to health problems. The company said Alan D. Schnitzer, head of the insurance company's business and international insurance unit, will succeed Fishman as CEO. (...)
Categories: Business News, Latest

Business Highlights

AP-heads-latest-minute-business - 13 min 33 sec ago
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Categories: Business News, Latest
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