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THURSDAY, JULY 16, 2015 | ||||||||||||||||||||
TOP STORY
Litigation Costs Drag Down Goldman Sachs's Earnings Trading revenue at the Wall Street bank weakened in the second quarter as it faced "uncertainty" in Europe.
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DEALBOOK HIGHLIGHTS
New Pledges for Greek Aid Are Clouded by Uncertainty Finance ministers agreed to proceed with bailout negotiations and provide short-term loans, while the E.C.B. extended a line of credit for Greek banks.
Greece Might Be Better Off Outside Eurozone, German Finance Minister Says The statement by Wolfgang Schäuble came just hours after the Greek Parliament reluctantly approved a package of economic policy changes demanded by Germany and other creditors.
Magna International to Buy Getrag of Germany for $1.9 Billion The deal for Getrag Group will bolster Magna's powertrain and transmission business and increase its growth potential in the Chinese market.
PartnerRe and Axis Capital Unveil Sweetened Terms for MergerThe move comes as a rival bidder, Exor, continues to press investors to vote against the Axis Capital deal.
EBay Reports Sale of Enterprise Unit as Earnings Beat Estimates The company said it had sold the unit for $925 million and its operating earnings had risen 9 percent, well above the average estimate of analysts.
Barclays Deputy Chairman to Stay Until New C.E.O. Is in PlaceThe British bank said Michael Rake would continue to serve and any conflict of interest in respect to his chairmanship of Worldpay would be managed.
BUZZ TRACKER
LOOKING AHEAD
Friday Reports Gauging Health of American Economy Two indicators of the health of the overall economy last month will come out Friday morning, when the Labor Department reports the latest data on prices for consumers in June, while the Commerce Department releases data on housing starts. The Consumer Price Index is expected to show a gain of 0.3 percentage point, with core prices that exclude the volatile food and energy sectors rising just 0.1 percent. Both suggest there is little current threat from inflation. Housing starts for June are expected to rise slightly to an annual rate of 1.12 million, as construction rises and the real estate sector continues to be among the economy's bright spots. - Nelson D. Schwartz
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QUOTATION OF THE DAY"We have not said that we will impose this. We can't, we don't want to, and no one has suggested it. But it would perhaps be the better way for Greece."Wolfgang Schäuble, Germany's finance minister, when asked about allowing Greece to take a time out from the eurozone. |
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