Britain's fourth biggest grocer Wm Morrison posted its lowest profit in five years, slashed expectations going forward and said it plans to sell off one billion pounds ($1.66 billion) of its 9 billion pound property portfolio.» Read More
Mr. Murdoch has never been particularly impressed with Mr. Romney, friends and associates of both men say. The two times Mr. Romney visited the editorial board of The Journal, Mr. Murdoch did not work very hard to conceal his lack of excitement. “There was zero enthusiasm, no engagement,” said one Journal staff member who was at the most recent meeting in December the New York Times reports.
Royal Bank of Scotland has pulled out of the panels that set Tibor, Japan’s version of Libor, amid a global probe into alleged manipulation of interbank lending rates by traders at investment banks, the Financial Times reports.
Google hired a top official from a UK government agency charged with investigating the company, a report reveals, Global Post reports.
While it was big news when the Barclays chairman, Marcus Agius, resigned Monday over his bank’s role in the Libor rate-fixing scandal. Less noticed was his other resignation that same day, the New York Times reports.
Arsenal’s second-biggest shareholder has attacked the English Premier League football club’s management after its star player decided not to renew his contract when it runs out at the end of the 2012-13 season, the Financial Times reports.
Greece’s new government has dropped a plan to seek softer terms for its second bailout following warnings that it would be rejected by international lenders, the Financial Times reports.
Pfizer sued over generic Lipitor delay; Seagate sees shares slip on weak revenue; speculation mounts over Yahoo CEO short list.
Gillian Tett of the Financial Times says markets may be headed for another "summer curse" and she points to five reasons why.
Paul Mackel, Senior FX Strategist, HSBC says markets will jump at opportunities to sell the euro on rallies, adding that the currency could hit a record low this year.
Kathy Lien, Managing Director, BK Asset Management says that given the pessimistic outlook from the ECB, traders are expecting more easing from the central bank.
On July 4, members of UK Parliament grilled an American banking executive who had to resign this week. CNBC's Kelly Evans offers an update on Barclays' rate fixing scandal.
Jeffrey Cleveland, Payden & Rygel senior economist, discusses today's ECB interest rate cut, and whether a weak jobs number tomorrow will drive the Fed to issue additional quantitative easing.
CNBC's Michelle Caruso-Cabrera reports European shares closed lower after negative comments from ECB President Mario Draghi, and a look at the impact on U.S. markets, with CNBC's Mary Thompson.
Evidence is mounting that the economy is taking a hit because Congress can't – or won't – deal with the 'fiscal cliff' looming at year's end. The fight on Capitol Hill last summer over the national debt limit also took an economic toll., the Christian Science Monitor reports.
Discussing the conditions of Manchester United's U.S. IPO plans, with Dennis Berman of The Wall Street Journal. "These are emotional companies, people have obviously very strong feelings for the soccer club, and that is why I almost find it exploitive," says Berman.
Moody's and Standard & Poor's both lowered their outlooks on Barclays to "negative" from "stable" in the wake of the interest rate manipulation scandal. CNBC's Kelly Evans reports.
It lasted more than three hours. But despite speaking fluently for most of that time, Bob Diamond’s interrogation by MPs on Wednesday left unanswered many of the questions surrounding Barclays, the bank from which he resigned as chief executive on Tuesday. The FT reports.
In these excerpts from a live interview, Mark Mobius, executive chairman at Templeton Emerging Markets Group, tells CNBC why he is optimistic about Europe.
CNBC's Kelly Evans reports on all the market moving events from Europe, including UK lawmakers voting on the next step for the Libor rate-fixing probe, and an expected rate cut by the ECB.
There is room for optimism that Europe's economy will recover, Mark Mobius, Executive Chairman at Templeton Emerging Markets Group told CNBC on Thursday, as companies in fast-growing emerging markets look to make acquisitions in the region.
Mario Greco, CEO of Assicurazioni Generali, says he is pleased with the company's major restructuring in Italy.
Joerg Kraemer, chief economist at Commerzbank, says the Bundesbank is unlikely to favor looser monetary policy from the European Central Bank.
Luis Costa, emerging market strategist at Citi, says the Chinese economy is facing a tension between the promise of 7.5 percent growth and a rebalancing of the growth model.