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Reuters Business News is your source for breaking news, business, financial and investing news, including
personal finance and stocks. Reuters is the leading global provider of news, financial information
and technology solutions to the world's media, financial institutions, businesses and individuals.


           (Reuters) - Home Depot Inc , the world's No.1 home improvement chain by revenue, reported
           a 4.3 percent rise in quarterly net sales, helped by a recovery in the U.S. housing market.


            LONDON (Reuters) - U.S. oil prices fell towards six-year lows on Tuesday after stock markets
            tumbled in China, the world's largest energy consumer, adding to worries about global fuel
            demand at a time of heavy oversupply.


            LONDON (Reuters) - Stocks fell on Tuesday, with European markets buckling under heavy selling
            pressure carried over from Asia after Chinese shares slumped 6 percent and emerging market
            currencies and oil prices remained anchored at historic lows.


            MADRID (Reuters) - Mexican magnate Carlos Slim, the main shareholder of FCC , wants to appoint
            a senior manager from America Movil as chief executive of the Spanish construction firm, Spanish
            daily Cinco Dias said on Tuesday.


           MOSCOW (Reuters) - A steep decline in the rouble has hammered Russian carmakers by driving
           up the cost of the foreign parts they rely on, forcing them to raise prices at home and making them
           uncompetitive abroad.


           RIO DE JANEIRO/NEW YORK (Reuters) - Brazil's Petrobras may need to pay record penalties of
           $1.6 billion or more to settle U.S. criminal and civil probes into its role in a corruption scandal, a person
           recently briefed by the company's legal advisors told Reuters.


           (Reuters) - Urban Outfitters Inc on Monday said same-store sales growth so far in the third quarter
           was slower than in the previous three months, raising concerns about the apparel retailer's performance
           in the back-to-school shopping season.


            (Reuters) - Troubled teen retailer American Apparel Inc on Monday raised going concern doubts,
            saying it may not have enough capital to sustain operations for the next 12 months as losses widened
            and cash flows turned negative.


           (Reuters) - McDonald's Corp, which is expected to offer all-day breakfasts starting this fall to turn
           around slumping U.S. sales, is the top choice for "Breakfastarians," who crave breakfast food at any
           hour, according to a new survey obtained by Reuters on Monday.


           (Reuters) - Liberty Interactive Corp , which owns home shopping network QVC, said it would acquire
           Zulily Inc in a deal valued at $2.4 billion to tap into the online retailer's younger clientele and its strong
           mobile presence.



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