  | | | Wells Fargo mortgage revenue drops, shares fall | | (Reuters) - Wells Fargo & Co, the fourth-largest U.S. bank, reported a 39 percent drop in mortgage revenue for the second quarter as lending volume dropped, underscoring the urgency for the bank to find other sources of income growth. | | |  | | | Wall St. ends up; indexes post losses for week | | NEW YORK (Reuters) - U.S. stocks rose slightly on Friday, but the S&P 500 posted its biggest weekly percentage decline since April as investors showed tepid enthusiasm after their first glimpses of earnings. | | | |  | | | U.S. cigarette maker Reynolds in talks to buy rival Lorillard | | LONDON (Reuters) - U.S. cigarette maker Reynolds American Inc is in talks to acquire rival Lorillard Inc in a multi-billion dollar deal that would reshape one of the world's biggest and most profitable tobacco markets, the companies said on Friday. | | | |  | | | Chrysler to recall 900,000 SUVs to fix mirror wiring | | (Reuters) - Chrysler Group LLC [CHRY.UL] will recall about 900,000 sport utility vehicles (SUVs), its largest recall this year, weeks before a shareholder meeting called by its parent Fiat SpA to seek approval for their merger. | | | |  | | | America Movil asset sale should be across the board: Slim | | NEW YORK/MEXICO CITY (Reuters) - America Movil, Latin America's biggest telecoms company, will move quickly to put an "attractive" cross-section of the company up for sale as it sheds assets to escape tougher regulation of the phone and broadcasting markets in Mexico, billionaire owner Carlos Slim said. | | | |  | | | Former Macau partner sues Las Vegas Sands for $5 billion | | HONG KONG (Reuters) - A former Macau business partner of Las Vegas Sands Corp accused the casino operator of misappropriating trade secrets and is suing Sands for at least $5 billion in profits that it says are owed via their joint ownership of copyright related to a casino license bid. | | | |  | | | Mondelez to separate cheese & grocery business in Europe | | (Reuters) - Mondelez International Inc, maker of Cadbury chocolate and Oreo cookies, said it would create a "stand-alone" European cheese and grocery business to focus on its fast-growing snacks business, including biscuits, gum and candy. | | | |  | | | Slim says he could exercise NY Times stock warrants | | MEXICO CITY/NEW YORK (Reuters) - Mexican telecoms billionaire Carlos Slim says he could exercise stock warrants in The New York Times Co which expire early next year, a move that would more than double his stake in the media company. | | | |  |  | | | 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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