Autonomy founder Lynch was scapegoat for HP’s incompetence, court told
Hewlett-Packard botched its $11.1 billion acquisition of Autonomy and then tried to cover up its own mismanagement by accusing the British software company’s founder Mike Lynch of fraud, a London court was told on Wednesday.
Swedbank head office searched as money laundering allegations grow
Swedish authorities searched the head office of Swedbank on Wednesday as part of an investigation into the bank’s handling of money laundering allegations at its Baltic branches.
Ford to exit Russian passenger car market, cede control in JV
Ford Motor Co’s Russian joint venture Ford Sollers will close two assembly plants and an engine factory in Russia, exiting the country’s passenger vehicle market.
U.S. trade deficit narrows sharply as exports rebound
– The U.S. trade deficit dropped more than expected in January likely as China boosted purchases of soybeans, leading to a rebound in exports after three straight monthly declines.
World shares slip and bond yields fall, all eyes on central banks
Global equity markets nudged down on Wednesday as investors hoped central bank action in the world’s biggest economies could temper some of the slowdown in global growth, despite bond yields still flagging recessionary fears.
Lufthansa looking to merge European catering unit with peer: sources
Lufthansa is looking to merge the European operations of its catering unit LSG with a peer as it struggles with low margins in a competitive market on the continent, people close to the matter said.
Futures edge lower as growth worries linger
U.S. stock index futures edged lower on Wednesday, as investors continued to be gripped by global growth fears and an inverted yield curve that weighed on appetite for risk.
Nissan committee says facts point to private use of company funds by Ghosn
An external committee tasked with improving governance at Nissan Motor Co said on Wednesday there were sufficient facts to suspect violations of laws and the private use of company funds by ousted chairman Carlos Ghosn.
Swedbank says authorities searched headquarters
Swedbank confirmed on Wednesday that the Swedish Economic Crime Authority had searched its Stockholm headquarters but said no one had been informed they were suspected of a crime.
Southwest trims first-quarter outlook after 737 MAX groundings
Southwest Airlines Co on Wednesday was the first major U.S. airline to formally cut its financial outlook for the year after being forced to pull its new fleet of 34 Boeing 737 MAX planes out of service.
