U.S. home prices up in July, beating forecasts
U.S. single-family home prices in July rose from the previous month, surpassing forecasts and bolstering the case for housing market stability after a three-year plunge, Standard & Poor's said on Tuesday. Read Full Article here.
John Paulson mulls CIT and IndyMac merger: report
Hedge fund manager John Paulson is considering merging troubled U.S. finance company CIT Groupwith failed mortgage lender IndyMac Federal Bank , the New York Post said, citing people familiar with the matter. Read Full Article here.
UBS to sell U.S. wealth management unit, but not yet: report
UBS chief executive Oswald Gruebel said Paine Webber, the bank's U.S. wealth management unit, is non-core but the bank will not sell at present, the Financial Times quoted him as saying. Read Full Article here.
Walgreen tops Wall Street view, shares soar
Walgreen Co , the largest U.S. drugstore chain, reported a quarterly profit that topped expectations as it began to benefit from a make-over that includes sprucing up stores and cutting jobs, sending its shares 10 percent higher. Read Full Article here.
Vodafone to join UK iPhone battle from 2010
Vodafone, the world's largest mobile operator by revenue, will sell the Apple iPhone in Britain from 2010, it said on Tuesday, finally sealing a deal to sell the popular phone in one of its biggest markets. Read Full Article here.
Starbucks debuts Via instant coffee in U.S., Canada
Chief Executive Howard Schultz called Starbucks Corp's Via Ready Brew perhaps the biggest opportunity in company history as he prepared for the instant coffee product's North American roll-out on Tuesday. Read Full Article here.