  | | | | | (Reuters) - Bank of America Corp on Wednesday posted a quarterly shareholder profit of $2.22 billion, reversing a year-earlier loss, as fewer loans went bad. | | |  | | | | | (Reuters) - PepsiCo Inc reported higher quarterly earnings on Wednesday and said it was on track to meet its financial goals for the year, despite a sluggish economy. | | | |  | | | | | NEW YORK (Reuters) - Fitch Ratings warned on Tuesday it could cut the sovereign credit rating of the United States from AAA, citing the political brinkmanship over raising the federal debt ceiling. | | | | | | | (Reuters) - Advance Auto Parts Inc will buy General Parts International Inc for just over $2 billion, creating the largest North American retailer of auto parts, as strong new car sales hit demand for repair and replacement. | | | |  | | | | | NEW YORK (Reuters) - Stock index futures gained on Wednesday amid cautious optimism that U.S. politicians would strike a last-minute deal to prevent the country from defaulting on its debt, an event that could roil markets and economies worldwide. | | | |  | | | | | (Reuters) - BlackRock Inc , the world's largest money manager, said on Wednesday that its third-quarter profit rose 15 percent, citing market growth and strong global demand from its retail and institutional clients. | | | |  | | | | | TAIPEI/BEIJING (Reuters) - Apple Inc has told manufacturers of its new iPhone 5C that it will cut orders of the smartphone for the final three months of the year, a source familiar with the supply chain situation said. | | | |  | | | | | (Reuters) - Yahoo Inc's plan to keep a larger-than-expected stake in e-commerce giant Alibaba after the Chinese company's IPO prompted at least seven brokerages to raise their stock price targets on the U.S. company. | | | | | | HONG KONG/BEIJING (Reuters) - The Chinese government is investigating the former head of PetroChina's Indonesian operations, sources said, just weeks after authorities announced a corruption investigation into other former senior executives at the state oil giant. | | |  | | | | | ROME (Reuters) - The head of UniCredit confirmed on Wednesday the Bank of Italy was conducting an audit of the loan book of Italy's biggest bank by assets, after sources told Reuters the regulator was examining the loans of Italy's top two lenders. | | | |  |  | | | A daily digest of breaking business news, coverage of the US economy, major corporate news and the financial markets. Register Today | | |  | |  | | | The latest Reuters articles on M&A, IPOs, private equity, hedge funds and regulatory updates delivered to your inbox each day. Register Today | | | | | | » MORE NEWSLETTERS | |
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