RBS Faces GBP300m Hit from Mis-selling, IT Meltdown - Sky's Kleinman
Royal Bank of Scotland Group PLC (RBS) is expected to reveal it took a hit of almost 300 million pounds ($469 million) when it issues its first-half results Friday, due to its role in the industry's mis-selling scandal and its recent IT meltdown, which affected millions of customers, Sky News City
Knight Capital Plummets 58%, Looks to J.P. Morgan for Lifeline
A day after spooking Wall Street with a trading glitch, Knight Capital Group revealed a massive $440 million pretax loss tied to the incident, sending the embattled market maker’s shares plummeting another 58% to levels unseen in a decade and searching for an emergency loan from J.P. Morgan Chase.
J&J Provides Added Doxil Supply for Clinical Studies
Johnson & Johnson (JNJ) will provide additional supply of its cancer drug Doxil for use in clinical trials, including one testing whether the combination of an experimental Endocyte Inc. (ECYT) drug with Doxil improves treatment of ovarian cancer.
Correction to General Motors Second-Quarter Net, Adjusted EPS
General Motors Co. (GM) reported second-quarter profit of $1.85 billion. A headline at 7:31 a.m. ET incorrectly used the net income figure attributable to common stockholders of $1.49 billion. Another headline at 7:31 incorrectly gave the company's adjusted EPS as 90 cents. The company didn't