Interview: Bombardier promises CSeries jet is on track
TORONTO (Reuters) – Canada’s Bombardier Inc. expects no more delays to its C$3.4 billion ($3.30 billion) CSeries jetliner program, the plane maker’s challenge to industry leaders Airbus and Boeing Co. , a senior executive said on Thursday.
China likely to tolerate 7 percent growth before hitting stimulus button
BEIJING (Reuters) – China’s new leaders have adopted a greater tolerance for a slowdown in the economy than their predecessors and are likely to allow quarterly growth to slip as far as 7 percent before triggering fresh stimulus to lift activity, sourc…
Analysis: SAC insider-trading probe could last years
NEW YORK (Reuters) – The conventional wisdom on Wall Street is the clock is running out for U.S. prosecutors to make a case against billionaire trader Steven A. Cohen and his hedge fund SAC Capital Advisors after years of investigation.
For two hedge funds, SAC redemptions hit close to home
NEW YORK (Reuters) – Two small investment firms that manage money for SAC Capital Advisors have a lot at stake, as billionaire investor Steven A. Cohen moves to return about $4 billion to his outside investors.
Wal-Mart has no U.S. grocery delivery expansion plans for now
ROGERS, Arkansas (Reuters) – Wal-Mart Stores Inc has no immediate plans to expand its U.S. online grocery delivery beyond a test in California because it is not yet convinced there is sufficient demand, the head of the company’s global e-commerce divis…
Trader assets frozen by U.S. court after Smithfield deal
WASHINGTON (Reuters) – U.S. regulators have obtained a court order freezing the assets of a Thailand-based trader, saying he reaped $3.2 million in illegal profits after getting a tip ahead of the announcement that a Chinese meat company was buying Smi…
Institutional investor group urges U.S. retailers to back Bangladesh accord
(Reuters) – A group representing over 200 institutional investors has urged U.S. retailers to sign a global accord that promotes safety of garment workers in Bangladesh and drop attempts to back an alternative initiative.
General Growth looking at urban retail property: CEO
NEW YORK (Reuters) – Mall owner General Growth Properties Inc is considering buying urban retail property, but the real estate would have to be of the highest quality and be big enough to attract the type of luxury tenants that occupy the company’s top…
Congressman seeks to legalize online gambling nationwide
LOS ANGELES (Reuters) – A Republican congressman on Thursday introduced legislation to allow online gambling on a federal level, which he says will give consumers more uniformity than legalizing it on a state-by-state basis.
S&P wins transfer of ratings lawsuits to New York
(Reuters) – Standard & Poor’s and its parent company McGraw Hill Financial Inc on Thursday won a ruling that moves 15 lawsuits in which they were accused of fraudulently inflating credit ratings to a single federal court.
