Schumer, Schapiro say flashes under the gun
A U.S. Securities and Exchange Commission ban on so-called flash orders is imminent, a senior lawmaker said on Tuesday -- just before the agency itself said it was drawing up plans to ban the controversial services offered by some stock exchanges. See Full Article here.
German official says progress made in Opel talks
rman Deputy Economics Minister Jochen Homann said on Tuesday that German officials and General Motors had made significant progress in talks over the sale of the U.S. carmaker's Opel unit. See Full Article here.
Consumer spending rises in June, incomes fall
U.S. consumer spending rose slightly more than expected in June, a government report showed on Tuesday, likely pushed up by higher gasoline prices, and incomes saw their biggest drop in four-and-a-half years. See Full Article here
PepsiCo to buy bottlers for $7.8 billion
PepsiCo Inc agreed to buy Pepsi Bottling Group Inc and PepsiAmericas Inc in a sweetened cash-and-stock deal worth $7.8 billion, the second-largest soft drink maker said on Tuesday. See Full Article here.
Duke Energy 2Q profit declines 21 pct
Duke Energy Co. said its profit declined 21 percent in the second quarter to $276 million or 21 cents per share from $351 million or 28 cents per share a year earlier as the economy affected commercial sales prices.
Spectra Energy 2Q earnings slumped 53 pct
Natural gas pipeline operator Spectra Energy Corp. reported Tuesday that its second-quarter earnings dropped 53 percent to $140 million or 22 cents per share, down from $295 million or 47 cents per share in the same period a year ago.
D.R. Horton loss deeper than analysts' forecasts
U.S. homebuilder D.R. Horton Inc reported a deeper-than-expected quarterly loss on Tuesday, as it navigates its way through the worst housing slump the nation has seen since the 1930s. See Full article here.