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Thain Bounces Back as CIT Deal Masks Merrill Memories
Six years after John Thain became a central figure in the financial crisis with his shotgun sale of Merrill Lynch & Co., he's helping bring back bank deals.
CIT Group to buy Pasadena lender OneWest Bank  Los Angeles Times
CIT Group to buy OneWest Bank in $3.4 billion deal  San Gabriel Valley Tribune
Columbus CEO   Related articles »  
US SEC poised to adopt reforms for money market funds
WASHINGTON: US regulators are expected to adopt rules on Wednesday that force "prime" money market funds used by large institutions to float their share price.
SEC to adopt money fund regulations  Seeking Alpha
SEC to Vote on Controversial Money-Market Fund Overhaul  Wall Street Journal (blog)
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Kerry in Israel to push for cease-fire
TEL AVIV - Secretary of State John F. Kerry flew to Israel Wednesday to push for a cease-fire in the 16-day-old conflict with Hamas militants.
Flight Bans Show Skittishness Over Trouble Spots  ABC News
No peace between Israel and Gaza, as diplomats rush in  CNN
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June CPI figure increases
SA's consumer price index (CPI), used to measure inflation, increased by 6.6% year on year (y/y) in June after increasing by the same percent in May, Statistics SA (Stats SA) said on Wednesday.
Australian Inflation Muddies Rate Cut Scenario  Wall Street Journal (blog)
More appliance customers, less grey importing, possibility of price ...  Appliance Retailer
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LG Display second-quarter profit misses estimate as stronger won weighs
SEOUL (Reuters) - LG Display Co Ltd on Wednesday said quarterly profit fell more than 50 percent for the second time in three quarters, pulled down by a stronger South Korean won and subdued demand for personal computers (PC) and tablet devices.
Ultra high definition TVs boost LG Display profit
LG Display Q2 net up 143.3 pct  Yonhap News
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Daimler Second-Quarter Profit Rises
Several CLA type Mercedes cars stand on the production line at a factory in Hungary. Agence France-Presse/Getty Images. BERLIN´┐Ż Daimler AG DAI.
Daimler Q2 Profit Rises; Backs Full-year View  RTT News
Daimler underlying profit boosted by new models  Economic Times
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Telenor lifts margin guidance after solid second quarter
OSLO (Reuters) - Norwegian telecoms firm Telenor lifted its full-year margin guidance on Wednesday and predicted lower capital spending for the year, after reporting second-quarter earnings in line with expectations.
Telenor Q2 Profit Declines; Now Sees EBITDA Margin Above Last Year - Quick ...  NASDAQ
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Five held in China food scandal probe, including head of Shanghai Husi Food
SHANGHAI (Reuters) - Shanghai police said on Wednesday they detained five people in an investigation into a Chinese-based supplier of foreign fast-food brands, including KFC, McDonald's Corp and coffee chain Starbucks Corp, over allegations the firm ...
China detains employees of suspect meat seller  The Seattle Times
China hit by another food scare  BBC News
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Comcast 2Q Earnings Top Views on Internet Hookups
Comcast Corp.'s second-quarter net income rose 15 percent to nearly $2 billion as it added high-speed Internet customers at a faster pace than a year ago and video subscriber losses moderated.
Comcast earns $2b billion on strength in cable business  Boston Globe
Comcast Lost 144000 Cable Subscribers Last Quarter. And They're Psyched ...  Slate Magazine (blog)
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Mortgage war erupts as Commonwealth Bank, NAB, Westpac cut fixed rates
John Collett: On a fair dinkum comparison, these rates are low. Three of the country's largest banks have slashed their fixed mortgage rates, fighting to win new customers by allowing borrowers to lock in longer-term interest rates of less than 5 per cent.
Australian banks cut fixed mortgage rates as RBA seen on hold  Reuters
On a fair dinkum comparison, these rates are low  The Age
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