Wall St. slides as worry lingers over future of stimulus
NEW YORK (Reuters) – U.S. stocks fell on Wednesday, with the Dow sliding more than 100 points on another volatile day as traders extended a selloff driven by concern about central banks winding down their stimulus measures.
Boeing, Bell awarded $4.9 billion contract for 99 V-22s
WASHINGTON (Reuters) – Boeing Co and Bell Helicopter, a unit of Textron Inc , have been awarded a modified contract valued at $4.9 billion to build 99 V-22 Osprey tiltrotor aircraft through September 2019, the Pentagon said on Wednesday.
HMA hires advisers in response to activist push
(Reuters) – Hospital operator Health Management Associates has hired Morgan Stanley and law firm Weil, Gotshal & Manges after hedge fund Glenview Capital Management urged it to remove or amend its poison pill and said it might try to replace members of its board.
Rival hedge funds hope to feast on SAC Capital redemptions
BOSTON/NEW YORK (Reuters) – A long list of rival hedge funds is eager to tap the billions in outside money that Steven A. Cohen’s SAC Capital Advisors is expected to return to investors by year-end.
Doldrums in U.S. electric car sales could linger indefinitely
DETROIT (Reuters) – A ‘green’ showroom, free charging stations and several acres of solar panels are all part of the pitch by Galpin Ford dealership to environmentally minded car buyers in southern California.
Sobey’s parent Empire Co to buy Safeway Canada for C$5.8 billion
TORONTO (Reuters) – Empire Company Ltd , parent of Canada’s No. 2 grocer Sobey’s, said on Wednesday it is acquiring the Canadian arm of Safeway Inc. for C$5.8 billion ($5.70 billion) in cash.
Madoff’s UK unit was “warehouse for stolen money”: liquidators’ representative
LONDON (Reuters) – U.S. fraudster Bernard Madoff used his London-based company to “warehouse” huge amounts of money stolen from the Ponzi scheme and buy luxury items for himself, a court heard on Wednesday.
GM targets investment grade rating ‘within the year’
DETROIT (Reuters) – General Motors Co on Wednesday said it is targeting an investment grade credit rating “within the year” as the automaker works to distance itself from the stigma of its 2009 bankruptcy.
Nasdaq appoints Tom Wittman to head its U.S. stock market
NEW YORK (Reuters) – Nasdaq OMX Group has appointed Tom Wittman to head the No. 2 U.S. stock market as part of a broader management shift aimed at better aligning its products across the equities, options and futures asset classes.
Royal Bank of Canada seeks wealth acquisitions valued up to C$5 billion: CFO
TORONTO (Reuters) – Royal Bank of Canada could make wealth management acquisitions valued up to $5 billion, the bank’s chief financial officer said on Wednesday.
