Brazil's Itau Unibanco Denies Talks to Purchase RBS's Citizens
Brazil's second-largest bank in terms of assets, Itau Unibanco Holdings SA (ITUB, ITU4.BR), denied Tuesday it was in talks to purchase Citizens, the U.S. unit of Royal Bank of Scotland Group PLC (RBS, RBS.LN).
Knight to Resume Full Market-Making Duties on Monday
Knight Capital will resume full market-making responsibilities next week after having temporarily transferred some duties to Getco, a participant in Knight's bailout.
American Express Appoints Ex-BofA Executive as Chief Information Officer
American Express Co. (AXP), the largest credit-card lender by spending, has named a former Bank of America Corp. (BAC) executive as its new chief information officer.
Dean Foods Swings to Profit, Plans WhiteWave IPO
Dean Foods Co. (DF) swung to a second-quarter profit as the diary company reported lower costs and said it is spinning off its WhiteWave-Alpro business through a planned initial public offering.
S&P Cuts Greece's Outlook to Negative
Ratings firm Standard & Poor’s cut its outlook on Greece’s long-term sovereign credit rating to negative from stable, citing concerns about the implementation of budget reforms and worsening economic conditions.
Morgan Stanley Weighs Office Consolidation, Job Cuts at Brokerage Venture -Sources
Morgan Stanley (MS) is discussing plans to consolidate offices in its retail-brokerage joint venture, raise production requirements for some branch managers and announce layoffs of some support staff, its latest efforts to cut costs within its wealth-management business, according to people
OIL FUTURES: Nymex Crude Hits 12-Week High
Crude-oil futures rose to a 12-week high Tuesday, rallying on positive market sentiment and concerns about short-term supply.
Wal-Mart de Mexico Sales Rise 8.4% on Year in July
Retailer Wal-Mart de Mexico SAB (WMMVY, WALMEX.MX) said Tuesday its sales rose 8.4% in July from the same month a year earlier, to 33.13 billion pesos ($2.51 billion), with comparable-store sales gains in Mexico but not in Central America.
Disney Profit Up 24% as Movie Studio Results Improve
Walt Disney Co.'s (DIS) fiscal third-quarter earnings rose a better-than-expected 24% as the company continued to see stronger profits from its media networks and theme parks divisions, and as the superhero action film "The Avengers" boosted studio-enertainment results.
Peru's Banks Tighten Filters for Credit-Card Approvals
LIMA, Peru--Peruvian banks are tightening the approval process for credit cards as second-quarter financial results show a steady increase in past-due loan ratios.