A Greek firefighting plane crashed seconds after dumping water on a blaze raging on the island of Evia, adding a tragic twist to firefighters’ dramatic battle against the flames engulfing Mediterranean islands.
3M Co.’s profit topped Wall Street estimates in the second quarter, driving a rise in the annual outlook, after sweeping cost cuts fueled better-than-expected earnings and cash flow.
China named Pan Gongsheng as governor of the central bank, strengthening his position as head of the institution tasked with boosting the world’s second-largest economy.
(Bloomberg) — The International Monetary Fund raised its outlook for the world economy this year, estimating that risks have eased in recent months after the US averted a default and authorities staved off a banking crisis on both sides of the Atlantic.
BlackRock Inc.’s Rick Rieder says US high-yield risk premiums are not wide enough to entice investors, and that there are other areas of credit to consider allocating to.
IRobot Corp. tumbled after Amazon.com Inc. said it’s paying less to acquire the Roomba maker to account for fresh financing taken out by the company as a merger review drags on.
Russia is seeking to widen the pool of soldiers it can potentially draw on to fight in Ukraine.
City AM, a free newspaper popular with London’s financial sector workers, is preparing to appoint administrators after putting itself up for sale earlier this month.
The epicenter of Europe’s heat wave is shifting back to Greece, where a firefighting plane crashed as a number of island blazes were rekindled.
When General Motors Co. said recently that it would cease production of the Chevrolet Bolt this year, it looked like the end of the line for an electric vehicle known for battery fires and recalls. It turns out, the car will get another chance.
