Jobs, factory data offer hope for economy
WASHINGTON (Reuters) – Private employers hired more workers than expected in February and demand for a range of factory goods was solid in January, hopeful signs for the economy as it deals with higher taxes and deep government budget cuts.
Exclusive: Dish Network buys propane-powered trucks for fleet
NEW YORK (Reuters) – Satellite TV provider DISH Network Corp is purchasing 200 propane-powered vehicles from Roush CleanTech to reduce its fuel costs and carbon emissions, the company told Reuters this week.
Exclusive: Johnson Controls explores auto unit sale – sources
NEW YORK (Reuters) – Johnson Controls Inc is exploring a potential sale of its automotive interiors unit, a move that would allow the diversified manufacturer to focus on higher-margin building controls and next-generation car batteries, three people …
Bank of New York’s Pershing reorganizes top management
NEW YORK (Reuters) – Former MetLife broker-dealer executive John Brett has joined Pershing LLC to run its managed investment business, the latest in a series of top management changes at Bank of New York Mellon Corp’s securities services subsidiary.
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Banks line up to bid on City National: sources
NEW YORK (Reuters) – North American and Spanish banks are lining up to bid on City National Bank of Florida over the next few days, according to sources familiar with the situation.
Exclusive: Monte Paschi seeks 1.2 billion euros damages over derivatives
SIENA, Italy (Reuters) – Italy’s Monte dei Paschi di Siena is seeking damages of at least 1.2 billion euros ($1.56 billion) from two former executives and investment banks Nomura and Deutsche Bank over derivative trades, a judicial source with direc…
EU fines Microsoft $731 million for broken promise, warns others
BRUSSELS (Reuters) – The European Union fined Microsoft Corp 561 million euros ($731 million) on Wednesday for failing to offer users a choice of web browser, an unprecedented sanction that will act as a warning to other firms involved in EU antitrust …
Wall Street pulls back on caution after Dow hits record
NEW YORK (Reuters) – The Dow set another intraday record high on Wednesday on signs of improvement in the U.S. labor market, but trimmed its gains at midday as the broader market fell on investors’ caution that the rally may soon run its course.
Financial markets oversight plan draws 31 expected bidders
NEW YORK (Reuters) – Thirty-one companies have indicated they plan to submit bids to build and operate a comprehensive system to track equity and options trading activity, a regulatory response to the “flash crash” of 2010.
Staples sales miss Street as Europe, North America pinch
(Reuters) – Staples Inc , the largest U.S. office supply chain, reported lower-than-expected quarterly revenue and forecast weak full-year earnings as corporate customers and other shoppers in Europe and North America reduced discretionary spending.
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