Tyco International operating profit rises
NEW YORK (Reuters) - Tyco International Ltd. reported higher quarterly operating earnings on Tuesday, helped by sharply higher profit at its flow control division, which serves booming energy markets.
Xstrata bids $1 bln for Eland Platinum
LONDON (Reuters) - Xstrata Plc met forecasts with a 47 percent rise in first-half profit on Tuesday and unveiled a $1 billion offer for South Africa's Eland Platinum in a bid to tap booming demand for the metal from Asia.
Productivity slows, labor costs moderate
WASHINGTON (Reuters) - Worker productivity grew at a slightly slower-than-expected 1.8 percent annualized pace in the second quarter, government data on Tuesday showed, while labor cost growth moderated in somewhat better news for inflation.
Fed seen on hold as credit worries rise
WASHINGTON (Reuters) - The Federal Reserve is expected to hold overnight interest rates steady and reaffirm concerns about inflation at its meeting on Tuesday, but may also acknowledge emerging signs of economic weakness.
McDonald's raising China pay after controversy
SHANGHAI (Reuters) - U.S. fast food giant McDonald's Corp. , facing accusations that it has been breaching China's minimum wage laws, said on Tuesday it would give its Chinese employees their first across-the-board pay rise.
Futures fall after labor cost data
NEW YORK (Reuters) - Stock futures edged lower on Tuesday following a government report that showed labor costs rising more than expected in the second quarter.
Debt market doldrums delay Virgin Media auction
LONDON (Reuters) - British cable operator Virgin Media on Tuesday postponed the sale of the company after it became apparent buyers would not have access to the debt needed to do a deal right away.
Harrah's Entertainment profit up, aided by insurance
NEW YORK (Reuters) - Harrah's Entertainment Inc. , the world's biggest casino operator, said on Tuesday second-quarter profit rose largely on higher revenue at its casinos in Las Vegas and on the U.S. Gulf Coast.
Swiss Re eyes Asia after GE purchase boosts profit
ZURICH (Reuters) - Reinsurer Swiss Re said it had escaped the subprime crisis and that second-quarter net profit jumped by 45 percent, meeting expectations, with the help of a large acquisition and low claims.
Spectrum Brands posts loss, plans another sale
CHICAGO (Reuters) - Spectrum Brands Inc. posted a quarterly loss on Tuesday as drought conditions across parts of the United States pressured the home and garden business it is trying to sell.
Name: SyroBro