U.S. dollar bulls may be hobbled by economy
The U.S. economy has been improving, and dollar investors are starting to take notice. But punters who bet on more greenback gains from stronger U.S. economic data and interest rate hikes could be disappointed. Read Full Article here.
Toyota to end California plant production
Toyota Motor Corp will end production at a California plant it has shared with General Motors for 25 years, prompting regret and criticism from labor and politicians facing more job losses in an industry and a state pummeled by recession. Read Full Article here.
Dell results better than expected, shares jump
Dell Inc reported a stronger-than-expected quarterly profit on Thursday, showing it was better able to cut costs and protect prices on its products than analysts, or its own executives, had predicted. Read Full Article here.
Stanford hospitalized as CFO pleads guilty to fraud
Accused swindler Allen Stanford was hospitalized with a high pulse rate on Thursday, hours before he was to appear at a court hearing where his former top aide entered the first guilty plea in a $7 billion fraud case. Read Full Article here.
AT&T, union reach tentative agreement
AT&T Inc and the Communications Workers of America union have reached a tentative agreement covering some 7,000 to 8,000 of telecommunications company's the U.S. core wireline employees. Read Full Article here.
CFTC delays first expanded trader report: source
The Commodity Futures Trading Commission will not release its first expanded trader report by the end of August, as the regulator initially had planned, a CFTC source said on Thursday. Read Full Article here.
Gates to tour Lockheed F-35 fighter plant
U.S. Defense Secretary Robert Gates will visit a Lockheed Martin Corp (LMT.N) production plant for the F-35 fighter aircraft, the Pentagon's costliest arms purchase program, and an L-3 aircraft facility, highlighting their importance to the U.S. Defense Department, a Pentagon spokesman said on Thursday. Read Full Article here.
Connecticut to scrutinize UBS clients on taxes
Connecticut Attorney General Richard Blumenthal is investigating whether any state residents were among the thousands of U.S. customers of Swiss bank UBS AG who may have evaded income taxes. Read Full Article here.