Siemens Consortium Awarded $300 Million U.S. Power Plant Contract
Industrial conglomerate Siemens AG (SI) Wednesday said it received together with its consortium partner Bechtel Group Inc. a contract for a natural-gas-fired power plant and a long-term service agreement by the Panda Temple Power Project in Texas.
McDonald's 2Q Earnings Pregame Scorecard
After hitting analysts' expectations last quarter, McDonald's (NYSE:MCD) will report its latest earnings on Monday, July 23, 2012.
M&S to Charge for Current Accounts
Marks & Spencer Group PLC (MKS.LN) said Wednesday it will charge monthly fees for its new current accounts as it sets out to differentiate itself from traditional banks in the wake of a series of banking scandals.
OECD Says ESM Bank License Will Reassure Investors
The euro zone must demonstrate that it will do "whatever it takes" to stay intact, and granting a banking license to its permanent bailout mechanism would be one way of demonstrating that it has the means and will to stabilize bond markets in order to give ongoing reforms time to take effect, the
US DATA WEEK AHEAD: Philadelphia Manufacturing Seen Better but Still Contracting
The following are forecasts for this week's remaining data from a survey compiled by Dow Jones Newswires on Friday and Monday.
Peregrine CEO Faces Hearing as Jet, Wine, Condo to be Sold
Peregrine Financial Group CEO Russell Wasendorf Sr., who last week confessed to bilking futures traders of more than $100 million, returns to criminal court on Wednesday, as his receiver prepares to sell his jet, extensive wine collection and other assets that may have been bought with stolen money.
Morgan Stanley Names Eric Heaton President of Its Institutional and Retail Bank -Memo
Morgan Stanley (MS) has named Deutsche Bank AG (DB, DBK.XE) banker Eric Heaton president of its institutional and retail bank, reflecting the securities firm's latest efforts to build out its banking capabilities.
BP's Credit Outlook Upgraded To Positive From Stable By S&P
Ratings agency Standard & Poor's has upgraded its credit outlook for BP PLC (BP.LN), citing the U.K. oil major's improving financial position and the diminishing impact of costs stemming from 2010's Gulf of Mexico oil spill.
PNC's 2Q Net Slumps 40% on Rising Buybacks
PNC Financial disclosed a 40% tumble in second-quarter earnings as the regional bank was hit by larger-than-expected mortgage buyback obligations.