The Senate on Friday voted to confirm John Koskinen as the new head of the Internal Revenue Service.» Read More
Doyle said he does not see changes ahead for Canpotex and said there are no plans at Potash Corp to alter strategy. Potash Corp, Agrium Inc, and Mosaic Co are the members of Canpotex. Shares of Potash Corp rose 1.1 percent $30.87 in Toronto and 0.6 percent to $29.58 in New York on Wednesday.
Aug 7- Green Mountain Coffee Roasters Inc's third-quarter revenue missed analysts' estimates, hurt mainly by a drop in sales in Canada, sending its shares down 6 percent after market. The maker of Keurig single-serve brewers, and the K-Cups that go with them, said revenue from Canada fell 3 percent, accounting for about 15 percent of total sales.
*Dollar slips vs yen after stops triggered below 97.50 yen. NEW YORK, Aug 7- The dollar fell to a seven-week low against major currencies on Wednesday, stung by steep losses against the yen and sterling, on concerns about the scope and timing of the Federal Reserve's eventual tapering of its bond-buying program.
NEW YORK, Aug 7- Cocoa and coffee prices rallied on Wednesday while those of copper and gold steadied from recent declines, helping a broad commodities index settle up for the first time in four days.
SAN FRANCISCO, Aug 7- Groupon Inc on Wednesday reported quarterly revenue of $608.7 million, a stronger-than-expected result that lends credence to the deals site's new mobile-centric strategy.
$24 billion 10- year note auction drew strong demand. NEW YORK, Aug 7- U.S. government debt prices rose on Wednesday as higher yields attracted buyers to the Treasury's 10- year note auction, the second of three Treasury coupon sales this week. "
Aug 7- Green Mountain Coffee Roasters Inc reported a 59 percent rise in third-quarter profit, helped by lower green coffee costs and strong sales of its K-cup coffee pods. The maker of Keurig single-serve brewers, and the K-Cups that go with them, said net income rose to $116.3 million, or 76 cents per share, from $73.3 million, or 46 cents per share, a year earlier.
LONDON, Aug 7- Western European economies are spluttering to life again at last just as emerging markets cool down- confirming one of the investment themes of 2013 and questioning how much financial markets have already discounted these inflection points.
WINNIPEG, Manitoba, Aug 7- Potash Corp of Saskatchewan Chief Executive Bill Doyle said on Wednesday he doesn't expect the breakup of Belarusian Potash Co to last long, and he disputed predictions that the breakup would spur a steep potash price drop. Potash Corp, Agrium Inc, and Mosaic Co are the members of Canpotex.
NEW YORK/ LONDON, Aug 7- Gold rose on Wednesday to snap a two-day losing streak, as the dollar fell on lingering uncertainty about the scope and timing of the Federal Reserve's eventual tapering of its bond-buying program.
Aug 7- A U.S. appeals court ruled on Wednesday that Apple Inc should be able to renew its arguments at the International Trade Commission that Google Inc's Motorola Mobility unit violated two patents relating to the iPhone.
NEW YORK, Aug 7- TPG Capital LP has been exploring a sale of Aptalis Pharma, a specialty drugmaker it has owned since 2008 and values at more than $3 billion, four people familiar with the matter said on Wednesday.
WASHINGTON, Aug 7- The U.S. Navy said on Wednesday it will scrap a nuclear-powered submarine damaged by an arsonist last year rather than repair it, saying the $700 million repair cost could not be justified in a time of tight budgets.
Aug 7- A US Airways flight from Ireland's Shannon Airport made an emergency landing at Philadelphia International Airport on Wednesday due to an unspecified threat, police and the airline said. "There was some type of threat made, but nothing specified," a spokeswoman for the Philadelphia Police Department said.
*Lawsuit filed by aluminum user in Florida, individual. SINGAPORE/ LONDON, Aug 7- Glencore Xstrata and JPMorgan Chase& Co face a U.S. lawsuit alleging they artificially inflated aluminum prices and disrupted supplies, as legal challenges related to metal warehousing piled up this week.
WASHINGTON, Aug 7- U.S. consumer credit rose less than expected in June, held back by the largest decline in credit card use in a year as households continue to pay down debts. Total consumer installment credit increased by $13.8 billion to $2.8 trillion, Federal Reserve data showed on Wednesday.
WASHINGTON, Aug 7- If you think figuring out how much money to put into your retirement savings accounts is complex, wait until it's time to take money out. That is emotionally challenging to people who have spent their lifetimes trying to build their nest eggs, but it is also a mathematical challenge.
CHICAGO, Aug 7- U.S. wheat futures sank on Wednesday to their lowest levels since June 2012 as overseas buyers turned to other countries for their import needs, traders said. Corn also fell, pressured by expectations for a bumper harvest this fall, while soybeans were mixed.
CLEVELAND, Aug 7- The Federal Reserve could soon begin reducing the pace of its bond-buying stimulus if recent improvement in the U.S. job market persists, the president of the Cleveland Fed, Sandra Pianalto, said on Wednesday.
LONDON, Aug 7- Nasser al-Wuhayshi, the head of Al Qaeda in the Arabian Peninsula whose alleged communications with al Qaeda leader Ayman al Zawahiri sparked a worldwide terrorism alert, is a veteran of global jihad who has promised the West a fight that will last for generations.