HONG KONG (Reuters) – Chinese shares stabilized on Tuesday after Monday’s rout, helped by upbeat economic data, while the Aussie dollar firmed on expectations the central bank could shift to a tightening bias later in the day.
NEW YORK/LOS ANGELES (Reuters) – Walt Disney Co on Monday agreed to buy Marvel Entertainment Inc for $4 billion in the year’s biggest media deal, banking on Marvel’s pantheon of superheroes to broaden its lineup of movie franchises that appeal to boys.
CHICAGO (Reuters) – U.S. retailers are likely to get an “incomplete” mark for the key back-to-school season when they report August sales this week, as a later Labor Day is expected to pull some sales into September, pressuring August results.
NEW YORK (Reuters) – A U.S. judge ruled on Monday against American International Group in the insurer’s legal battle with Starr International Co, affirming a July jury verdict that Starr did not breach a trust.
NEW YORK (Reuters) – Bank of America is offering to repay part of the U.S. government bailout money, starting with the $20 billion it received in January to help with the acquisition of Merrill Lynch & Co, the Wall Street Journal reported on its website late on Monday.
NEW YORK (Reuters) – A key gauge of U.S. manufacturing activity likely rose in August, which would bring the index into positive territory for the first time since the recession began, according to a Reuters’ poll of economists.
WASHINGTON (Reuters) – The U.S. pay czar has begun reviewing the appropriateness of the richest pay packages proposed by firms that received billions of dollars in government aid.
CHICAGO (Reuters) – Boeing Co , which has experienced a series of embarrassing and costly delays on the long-awaited 787 Dreamliner, said on Monday that Scott Carson, the head of its commercial airplanes division, is retiring and will be replaced by Jim Albaugh, effective on Tuesday.
SAN FRANCISCO (Reuters) – Yahoo Inc board member Carl Icahn has cut back his stake in Yahoo, selling nearly 13 million shares since last Thursday, according to a regulatory filing on Monday.
* Hiring after recent moves in Japan’s distressed market
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