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Tuesday, July 16, 2013

Business Today: Goldman Sachs profit doubles on stronger bond trading

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07/16/2013
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Goldman Sachs profit doubles on stronger bond trading
(Reuters) - Goldman Sachs Group Inc's quarterly profit doubled as the bank made more money trading bonds before an interest-rate spike hit markets in June.
Coke profit falls on wet weather, weak economy
(Reuters) - Coca-Cola Co reported weaker-than-expected sales volumes on Tuesday due to ongoing economic malaise and unusually poor weather, sending its shares down nearly 3 percent.
Analysis: Citigroup has an emerging markets headache
(Reuters) - Stronger earnings by Citigroup Inc show it is on the path to recovery but its broad presence in emerging markets, many of which are experiencing slowing economic growth, may temper investors' optimism.
Gasoline lifts consumer inflation in June
WASHINGTON (Reuters) - Consumer prices rose more than expected in June as gasoline prices jumped, but underlying inflation pressure remain benign against the backdrop of lukewarm domestic demand.
Stock futures edge lower after CPI data
NEW YORK (Reuters) - Stock index future edged lower after data showed consumer prices rose slightly more-than-expected in June.
Johnson & Johnson results beat expectations, as drugs, devices deliver
(Reuters) - Johnson & Johnson reported higher-than-expected second-quarter earnings as strong sales of prescription drugs and medical devices more than offset anemic growth of its consumer products.
Troubled euro zone weighs on German investor morale
MANNHEIM, Germany (Reuters) - German analyst and investor sentiment unexpectedly worsened in July, reflecting economic tensions in the euro zone and a global slowdown that is hitting exports, a survey showed on Tuesday.
Banks check Chinese walls as Hannam appeal reveals cracks
LONDON (Reuters) - The name of the top London banker fighting to overturn a fine for market abuse is coming up in conversations between lawyers and their clients, who are asking: "Is this a Hannam?".
Barclays poaches JP Morgan's Morzaria as new finance chief
LONDON (Reuters) - Barclays has poached JP Morgan executive Tushar Morzaria to become its new finance director, offering him up to 6 million pounds ($9.1 million) in annual pay and awards to help the bank recover from a series of scandals.
Honeywell asked to join UK Dreamliner fire probe: AAIB
LONDON (Reuters) - U.S. conglomerate Honeywell has been invited to join the investigation into the fire that broke out aboard one of Boeing's 787 Dreamliner jets last week, Britain's Air Accident Investigation Branch (AAIB) said on Tuesday.
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