Morgan Stanley 2Q profit tops estimates
July 21, 2015
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Morgan Stanley 2Q profit tops estimates

Shares of Morgan Stanley (NYSE:MS) opened at 40.04 on Tuesday. One analyst has rated the…

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Nokia Reportedly Nears Deal To Sell Its Maps Business To German Carmakers
July 21, 2015
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Business

Nokia Reportedly Nears Deal To Sell Its Maps Business To German Carmakers

Nokia has reportedly reached a deal with a consortium featuring Daimler, BMW and Audi to…

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TSX higher as resource stocks regain ground, but Wall Street slipping
July 21, 2015
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TSX higher as resource stocks regain ground, but Wall Street slipping

A rebound in commodity prices helped drive up shares of energy and mining companies, following…

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Membership shopping site Jet.com launches
July 21, 2015
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Business

Membership shopping site Jet.com launches

The newspaper wrote, “Despite steep losses and looming competition with Amazon.com, online retailer is in…

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United States stocks down after IBM, others report weak results
July 21, 2015
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Business

United States stocks down after IBM, others report weak results

All in, IBM reported non-GAAP diluted earnings per share of $3.84, down 13% from the…

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Citi to refund $700 million for deceptive card practices
July 21, 2015
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Business

Citi to refund $700 million for deceptive card practices

Citibank has agreed to pay $700 million to consumers who were hurt by deceptive and…

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US sets capital surcharges for largest 8 banks
July 21, 2015
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Business

US sets capital surcharges for largest 8 banks

The Fed assigned capital charges totalling more than $200 billion for eight of the biggest…

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Fed Finalises New Capital Requirements For Largest US Banks
July 21, 2015
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Business

Fed Finalises New Capital Requirements For Largest US Banks

JPMorgan Chase is the only one of the big banks that doesn’t already meet the…

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Greece repays about 4.2 billion euros to European Central Bank
July 21, 2015
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Business

Greece repays about 4.2 billion euros to European Central Bank

“Greece is therefore no longer in arrears to the IMF“, Gerry Rice, the Fund’s director…

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New Federal Reserve rules require key U.S. banks to hold additional capital
July 21, 2015
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Business

New Federal Reserve rules require key U.S. banks to hold additional capital

The two-stage approach “gives the right incentives”, Fed Vice Chairman Stanley Fischer said during a…

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