Archive for the Category ‘Featured’
China June flash HSBC PMI hits nine month low on weak demand By Kevin Yao BEIJING (Reuters) – China's factory activity weakened to a nine-month low in June as demand faltered, a preliminary survey showed, heightening risks that a second quarter slowdown could be sharper than expected and raising the heat on the central bank [...]
June 20, 2013 | Posted in
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Asian stocks tumble on weak China PMI, Fed policy plan By Chikako Mogi TOKYO (Reuters) – Asian shares tumbled to nine-month lows on Thursday as slowing Chinese manufacturing activity exacerbated sentiment already unnerved by the U.S. Federal Reserve Chairman Ben Bernanke confirming the Fed would begin reducing its stimulus spending later this year. The "flash" [...]
June 20, 2013 | Posted in
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Euro ministers to decide direct bank recapitalization rules on Thursday By Jan Strupczewski BRUSSELS (Reuters) – Euro zone finance ministers will decide on Thursday when and how their bailout fund can invest in a bank to save it from failure, laying a cornerstone of the banking union seen as vital to restore economic growth. Ministers [...]
June 20, 2013 | Posted in
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SandRidge ousts CEO Ward, Bennett takes the helm By Anna Driver and Michael Erman (Reuters) – SandRidge Energy Inc’s board of directors removed the energy company’s founder and chief executive, Tom Ward, on Wednesday after a months-long struggle with activist investors who accused him of strategic mistakes and self-dealing at the expense of shareholders. Ward, [...]
June 20, 2013 | Posted in
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Analysis: Sprint should raise Clearwire bid to avoid Dish tension By Sinead Carew and Liana B. Baker NEW YORK (Reuters) – Sprint Nextel Corp should consider raising its offer price for Clearwire Corp or risk being saddled with a contentious relationship with Dish Network Corp, controlled by feisty billionaire Charlie Ergen. Shareholders of Clearwire, already [...]
June 19, 2013 | Posted in
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Ally deal draws limited objections from ResCap creditors By Tom Hals (Reuters) – Ally Financial Inc’s proposed $ 2.1 billion agreement reached last month with creditors of its bankrupt Residential Capital LLC subsidiary cleared a key court deadline with only one vigorous objection, though several warning shots were fired. Ally agreed to the settlement last [...]
June 19, 2013 | Posted in
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Italian designers Dolce and Gabbana convicted of tax evasion By Manuela D'Alessandro MILAN (Reuters) – Fashion designers Domenico Dolce and Stefano Gabbana were handed a 20-month suspended prison sentence and a heavy fine on Wednesday for hiding hundreds of millions of euros from the Italian tax authorities. The design duo, who are nearly as famous [...]
June 19, 2013 | Posted in
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Britain to start sale of Lloyds soon, review RBS split By Matt Scuffham and David Milliken LONDON (Reuters) – Britain is ready to start selling its shares in Lloyds Banking Group and will examine whether to break up Royal Bank of Scotland , Finance Minister George Osborne said, admitting the re-privatization of RBS remains a [...]
June 19, 2013 | Posted in
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Icahn reiterates commitment for Dell buy By Michelle Sierra NEW YORK (Reuters) – Carl Icahn reiterated his interest in owning Dell Inc and said the $ 5.2 billion in financing he's putting together to back his bid for the company continues to move forward as planned. The comments came in a telephone interview Tuesday, echoing [...]
June 19, 2013 | Posted in
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Exclusive: Forest keen to bid for Irish drugmaker Elan – sources By Jessica Toonkel and Soyoung Kim NEW YORK (Reuters) – Forest Laboratories Inc , the specialty drugmaker that counts investor Carl Icahn as a major shareholder, is among a handful of companies interested in bidding for Irish drugmaker Elan Corp , two people familiar [...]
June 19, 2013 | Posted in
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