ICE chief ready to cede NYSE market share in bid to end rebates
NEW YORK (Reuters) – The New York Stock Exchange may cede some of its share in U.S. stocks in an effort to end large trading incentives after NYSE Euronext’s $8.2 billion sale to IntercontinentalExchange goes through, ICE’s chief executive said on Frid…
Exclusive: Icahn, Southeastern prepare Dell CEO shortlist – sources
NEW YORK (Reuters) – Carl Icahn and Southeastern Asset Management Inc are short-listing potential candidates to become the next Dell Inc chief executive should they succeed in a proxy battle against Michael Dell and Silver Lake Partners, two sources cl…
U.S.-China corporate audit rift persists as summits begin
(Reuters) – The Obama administration is under pressure from large corporations and a senior U.S. senator to revisit oversight of Chinese corporate audits at upcoming summit meetings, as disputes persist despite a partial deal on the issue reached in Ma…
Pickup in hiring points to U.S. economic resilience
WASHINGTON (Reuters) – Employers stepped up hiring a bit in May in a show of economic resilience that suggests the Federal Reserve could begin to scale back its monetary stimulus later this year.
World Bank keeps business friendliness rating despite criticism
WASHINGTON (Reuters) – The World Bank on Friday said it intends to keep ranking nations on the ease of conducting business, despite criticism from countries like China that feel the scorecard unfairly stigmatizes fast-growing developing economies.
Exclusive: Marubeni set to cut Gavilon energy arm out of takeover
TOKYO (Reuters) – Japanese trading house Marubeni Corp is in advanced talks to cut Gavilon’s energy business out of its planned takeover of the U.S. commodity merchant, two sources with direct knowledge of the deal said on Friday.
Analysis: U.S. government shutdown battle looms as budget woes fester
WASHINGTON (Reuters) – The annual spending bills now working their way through the Congress were supposed to mark a welcome return to fiscal normalcy in Washington.
GE CFO to head finance unit: WSJ
(Reuters) – General Electric Co Chief Financial Officer Keith Sherin is poised to head the company’s finance unit, the Wall Street Journal said on Friday, citing people familiar with the matter.
Employment dispute offers peek into firearms company Freedom Group
NEW YORK (Reuters) – A dispute involving a gun industry executive who claims he was fired after being falsely accused of bringing his weapons to work offers a peek into Freedom Group, the gun making conglomerate owned by Cerberus Capital Management LP….
Consumer credit rises, credit card usage less robust
WASHINGTON (Reuters)- Consumer credit increased in April but a modest increase in a measure of credit card usage suggested households are still working on reducing their debt load, which could hobble consumer spending growth.
