Biz-king Directory

Business

Halliburton refiles bid for EU approval of $35 billion Baker Hughes buy

U.S. oil services provider Halliburton Co has refiled a request for EU antitrust approval of its $35 billion bid for smaller rival Baker Hughes , four months after regulators rejected an earlier application because of insufficient data. The European Commission will decide by Jan. 12 whether to clear the deal or open a full investigation, according...
Nov 27, 2015 |

Wall St. flat as Disney weighs; holiday sales in focus

(Reuters) - Wall Street was little changed on Friday, a shortened trading day, as investors turn their focus to the crucial U.S. holiday shopping season and Disney weighed on indexes.
Nov 27, 2015 |

HSBC whistleblower Falciani sentenced to five years in prison

(Reuters) - Herve Falciani, an ex-employee of HSBC's Geneva private bank who leaked information on clients and their tax situation, has been sentenced to five years in prison for aggravated industrial espionage, the bank said on Friday. HSBC said it welcomed the ruling on Falciani, a 43-year old French citizen who had been on trial in...
Nov 27, 2015 |

Musk's Tesla faces German battle over battery-powered homes

By Vera Eckert and Christoph Steitz FRANKFURT (Reuters) - If Elon Musk's vision of millions of households producing all their own power becomes a reality, it will probably happen first in Germany. The South African-born entrepreneur's company Tesla, best known for its electric cars, sparked global interest in the idea of self-powered...
Nov 27, 2015 |

Thanksgiving shopping crowds 'good not great'; online sales strong

PITTSBURGH/CHICAGO (Reuters) - Retailers across the United States offered early Black Friday discounts to lure bargain-hunters on Thanksgiving eve, but initial checks showed crowds in brick-and-mortar stores were subdued even as online sales jumped. "It's still early, and from what we are seeing so far the crowds are good but not...
Nov 27, 2015 |

Two-decade Pfizer mission pays off for Guggenheim's deal king

LONDON/NEW YORK (Reuters) - Alan Schwartz knows how to play a long game. The executive chairman of boutique investment bank Guggenheim Partners spent almost 20 years cultivating Pfizer boss Ian Read as a client. Schwartz, 65, had been working with Read since 2013 to find a European-registered company with which U.S. firm Pfizer could combine and...
Nov 27, 2015 |

Asia shares retreat, euro subdued on ECB stimulus bets

TOKYO/SINGAPORE (Reuters) - Asian shares fell and the dollar held near an 8-1/2-month peak on Friday, while the euro hovered around seven-month lows on expectations of additional stimulus from the European Central Bank next week. The broadest index of Asia-Pacific shares outside of Japan slid 0.5 percent, extending losses for the week to 0.7...
Nov 27, 2015 |

Euro on shaky ground, stocks up on talk of aggressive ECB easing

LONDON (Reuters) - The euro slipped back towards seven-month lows, bond yields fell and European shares rallied on Thursday as talk of aggressive stimulus from the European Central Bank next week gained ground.
Nov 26, 2015 |

Barclays fined for lax crime checks in 'deal of century'

By Steve Slater and Huw Jones LONDON (Reuters) - Britain's financial watchdog has fined Barclays 72 million pounds ($109 million) for cutting corners in vetting wealthy customers in order to win a huge transaction described by one senior manager as potentially the "deal of the century." Barclays arranged the 1.9 billion pound...
Nov 26, 2015 |

WTO talks stuck again as ministers prepare to meet, Azevedo says

By Tom Miles GENEVA (Reuters) - World trade talks are deadlocked and ministers are unlikely to find a way out of the impasse when they meet in Nairobi next month, World Trade Organization Director-General Roberto Azevedo said on Thursday. "We clearly are stuck in the negotiations at this point in time," Azevedo told a news conference....
Nov 26, 2015 |

VW's Audi suspends two engineers in emissions probe

Volkswagen's luxury flagship Audi has suspended two engineers after its larger diesel engines were found evading emissions limits in the United States, Audi CEO Rupert Stadler said in a newspaper interview published on Thursday. Volkswagen (VW) and Audi notified U.S. authorities last Thursday that about 85,000 vehicles with 3.0 liter V6 diesel...
Nov 26, 2015 |

Bad Saudi PR fuels riyal devaluation talk

By Andrew Torchia DUBAI (Reuters) - Speculation that Saudi Arabia could devalue its currency may owe more to a poor public relations effort by Saudi authorities than to the economic pressures on the kingdom. Riyadh has the tools available to protect itself as low oil prices push the current account and budget balances of the world's top crude...
Nov 26, 2015 |

Pimco, others sue Citigroup over billions in mortgage debt losses

According to a complaint filed Tuesday night in a New York state court in Manhattan, Citigroup breached its duties as trustee for the 25 private-label trusts dating from 2004 to 2007 by ignoring "pervasive and systemic deficiencies" in how the underlying loans were underwritten or being serviced. The investors said Citigroup looked...
Nov 26, 2015 |

HP Inc plunges after printer business underwhelms

Shares of HP Inc, which houses former Hewlett-Packard Co's legacy hardware business, plunged 16.3 percent on Wednesday after the company's lackluster results fueled concerns about its ability to weather a slowdown in the printer and PC markets. HP Inc's revenue from both its printer and PC businesses fell 14 percent each in the...
Nov 26, 2015 |

U.S. data points to moderate fourth-quarter growth

By Lucia Mutikani WASHINGTON (Reuters) - U.S. consumer spending barely rose in October as households took advantage of rising incomes to boost savings to their highest level in nearly three years, pointing to moderate economic growth in the fourth quarter. Anemic consumer spending did little do change expectations that the Federal Reserve will...
Nov 26, 2015 |

Asian shares edge up, euro under pressure as ECB looms

By Lisa Twaronite and Nichola Saminather TOKYO/SINGAPORE (Reuters) - Asian shares advanced on Thursday, while the euro remained under pressure on growing bets that the European Central Bank will roll out more stimulus soon even as the U.S. Federal Reserve looks set to raise interest rates. MSCI's broadest index of Asia-Pacific shares outside...
Nov 26, 2015 |

Big banks accused of interest rate-swap fixing in class action suit

NEW YORK (IFR/Reuters) - A class action lawsuit, filed Wednesday, accuses 10 of Wall Street’s biggest banks and two trading platforms of conspiring to limit competition in the $320 trillion market for interest rate swaps. The class action lawsuit, filed in U.S. District Court in Manhattan, accuses Goldman Sachs, Bank of America Merrill Lynch,...
Nov 26, 2015 |

New agonies, alliances as Fed debates post-liftoff plan

By Jonathan Spicer NEW YORK (Reuters) - Federal Reserve officials, who are expected to raise interest rates next month, are already sketching out positions for a post-liftoff debate that may blur the lines between inflation "hawks" and "doves" and make the Fed's policy less predictable. Fed officials' private and...
Nov 25, 2015 |

U.S. new home sales rebound strongly in October

September's sales pace was revised down to 447,000 units from the previously reported 468,000 units. Economists polled by Reuters had forecast new home sales, which account for about 8 percent of the housing market, rebounding to a rate of 500,000 units.
Nov 25, 2015 |

Wall St. opens higher, data points to recovery

(Reuters) - U.S. stocks opened slightly higher on Wednesday as a barrage of data painted a picture of moderate U.S. economic growth, giving Federal Reserve policymakers more to chew on as they consider whether to raise interest rates next month. The Dow Jones industrial average was up 12.69 points, or 0.07 percent, at 17,824.88, the S&P 500 was...
Nov 25, 2015 |

Hezbollah buries militant Qantar, says Israel will be held accountable

Lebanon's Hezbollah group said on Monday that Israel would be held accountable for killing prominent militant Samir Qantar in an air strike in Syria, and accorded him an elaborate funeral of... Read More

Russia says black box from warplane downed by Turkey unreadable

Investigators in Moscow said on Monday they were unable to retrieve information from the damaged black box of a Russian warplane shot down by Turkey last month, data the Kremlin hoped would support... Read More

Exclusive: U.S. glossed over Oman's human rights record during Iran talks

By Jason Szep, Matt Spetalnick and Yara Bayoumy WASHINGTON/MUSCAT (Reuters) - As the United States negotiated this year’s nuclear pact with Iran, the State Department quietly agreed to spare the... Read More