Business Today: JPMorgan profit declines 8 percent as fixed-income trading slides

		Click to View in Browser 07/15/2014 JPMorgan profit declines 8 percent as fixed-income trading slides (Reuters) - JPMorgan Chase & Co , the biggest U.S. bank by assets, reported an 8 percent decline in second-quarter profit as a pullback in trading of bonds and currencies by big institutions hit revenue in its securities trading business. Reynolds American to buy Lorillard for about $25 billion (Reuters) - Reynolds American Inc said it would buy rival Lorillard Inc for about $25 billion, merging two of the world's biggest cigarette makers amid a slowdown in sales. U.S. retail sales rise modestly on surprise automobiles decline WASHINGTON (Reuters) - U.S. retail sales increased less than expected in June as receipts at automobiles dealerships surprisingly fell, but details of Tuesday's report suggested the economy was on a solid footing at the end of the second quarter. Higher investment gains boost Goldman profit (Reuters) - Goldman Sachs Group Inc reported a better-than-expected 5 percent rise in second-quarter profit, driven by strong gains in equity investments and higher revenue from investment banking. Wall St. set for slight rise on earnings; Yellen due NEW YORK (Reuters) - U.S. stocks were poised for a slightly higher open on Tuesday after earnings from JPMorgan and Goldman Sachs and ahead of testimony from U.S. Federal Reserve Chair Janet Yellen. Imperial Tobacco to buy U.S. cigarette brands for $7.1 billion LONDON (Reuters) - Imperial Tobacco Group plans to buy U.S. cigarette brands including Winston and Kool for $7.1 billion as part of Reynolds American's $27.4 billion purchase of Lorillard . J&J beats forecasts, helped by new hepatitis C drug (Reuters) - Johnson & Johnson reported higher-than-expected quarterly revenue and earnings, benefiting from strong sales of its Olysio treatment for hepatitis C. Argentina seen contacting debt mediator by phone: source BUENOS AIRES (Reuters) - Argentina will probably not send a mission to New York this week to meet with the court-appointed debt mediator in its battle with holdout bondholders but instead will certainly be in touch with him by phone, an Argentine economy ministry source said on Tuesday. U.S. approves limited flights for F-35 fighters FARNBOROUGH England (Reuters) - U.S. military officials have approved limited flights for Lockheed Martin's F-35 fighter jets, improving the chances of the newest U.S. combat jet making its international debut before potential buyers this week. Boeing, Air Lease in 26-plane order for 777-300ER, 737 MAX FARNBOROUGH England (Reuters) - Boeing announced a 26-plane deal with lessor Air Lease Corp on Tuesday including six of the wide-body 777-300ER model and 20 of the smaller 737 MAX 8. Related Video Breakingviews: BES will lure the bulls Airbus confident it will land Delta order of A330neos – COO Economic News U.S. retail sales rise modestly on surprise automobiles decline U.S. import prices barely rise in June 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 - 3 Times Square New York, NY 10036 USA © Copyright 2010 Thomson Reuters Ensure delivery of Reuters Newsmails, add mail@nl.reuters.com to your address book. Details Subscribe to other Reuters newsletters. Unsubscribe from this newsletter. Follow us on Twitter Friend us on Facebook Forward to a friend