RSA Buys Two Argentine Insurance Companies
The U.K.'s RSA Insurance Group PLC (RSAIF, RSA.LN) said Thursday it has acquired two Argentine insurers for an undisclosed amount.
SEC Reviewing Events Surrounding Knight Glitch
U.S. securities regulators on Thursday said they are taking a look at the events surrounding Knight Capital's crippling trading glitch this week.
Bank of America Received Subpoenas Related to Libor Probe
Bank of America Corp. (BAC) disclosed that it received subpoenas from the U.S. government, part of an inquiry related to how U.S. and European banks set Libor interest rates.
Government Bungled Solyndra Decisions, GOP Report Finds
Republican investigators said Thursday that the administration ignored internal warnings to cut its losses on solar-panel maker Solyndra, opting instead for a restructuring that led to a bigger loss for taxpayers.
Ecuador Expects to Produce 556,000 Barrels/Day in 2016: Minister
Ecuador expects to increase its average crude-oil output to 556,000 barrels a day in 2016, up 9% from the 510,000-barrel-a-day average it expects to produce this year, Wilson Pastor, minister of nonrenewable natural resources, said Thursday.
ConEd 2nd-Quarter Profit Up 27% on Lower Purchased-Power Costs
Consolidated Edison Inc.'s (ED) second-quarter profit rose 27% as expenses from purchased power, fuel and gas decreased, masking a decline in revenue.
Activision Blizzard 2nd-Quarter Net Down Nearly 45%; Boosts Outlook for Year
Activision Blizzard Inc. (ATVI) said its net income fell nearly 45% in the second quarter, but the videogame maker increased its full-year outlook based on strong expected sales of its coming titles for the holiday-shopping season.
IMF Warns EU Over Debt Crisis
Failure of euro-zone policy makers to tame their growing debt crisis would likely trigger a severe regional economic contraction, force a fire sale of financial industry assets and trim the growth prospects of major world economies by several percentage points, the International Monetary Fund
Brazil Allows Mobile Companies to Resume Sales
Brazilian telecommunications regulator Anatel on Thursday lifted the ban on mobile-phone sales by three operators that was introduced July 23, but said it could re-impose the ban if service quality doesn't improve in coming months.
Correction to Activision Blizzard Story
"Activision Blizzard 2Q Net Down Nearly 45%; Boosts Outlook for Year," at 4:26 p.m. EDT, incorrectly said the company was reporting first-quarter results instead of second-quarter results in the seventh paragraph.