IBT Staff Reporter

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RBC looks to U.S. asset management after sale

Royal Bank of Canada will focus on expanding its U.S. asset management business now that it has sold its money-losing U.S. retail banking operations to PNC Financial Services Group Inc for $3.45 billion in cash and stock.

Wal-Mart wins Supreme Court sex-bias ruling

The Supreme Court threw out on Monday a massive class-action sex-discrimination lawsuit against Wal-Mart Stores Inc, the biggest ever such case, in a major victory for the world's largest retailer and for big business in general.

Access to New York Post on iPad Limited to App Only

The New York Post is directing users of iPad's Safari internet browser to download the newspaper's app, which costs $1.99 and requires a subscription after a 30-day free trial. The subscription costs $6.99 for one month, $39.99 for six months or $74.99 for one year.

Europe gives Greece ultimatum: austerity for loans

Euro zone finance ministers gave Greece two weeks from Monday to approve further spending cuts and tax increases in exchange for another 12 billion euros in emergency loans, piling pressure on Athens to get its ragged finances in order.

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