Former Nasdaq chief Greifeld to take over as Virtu chairman
NEW YORK (Reuters) – Former Nasdaq Inc Chief Executive Robert Greifeld will become chairman of trading firm Virtu Financial Inc’s board after the company completes its $1.4 billion takeover of rival KCG Holdings Inc .
Bombardier not expected to announce CSeries orders in Paris: source
MONTREAL (Reuters) – Bombardier Inc is unlikely to announce new CSeries orders at the Paris Air Show next week, as it grapples with broader market weakness, though demand for smaller regional aircraft is growing, a person familiar with the matter told…
Bank of America targets growth in international cash management
(Reuters) – Bank of America Corp sees continued room to grow in international cash management, a low margin business that can lead to lots of other revenue opportunities with corporate clients, Chief Operating Officer Tom Montag said at an industry c…
GE merges power units as executive who lost out on GE CEO job retires
SEATTLE (Reuters) – General Electric Co said on Wednesday it will combine its power and energy distribution businesses to create its largest unit by revenue as the top executive at GE Power announced his retirement after failing to win the conglomerat…
Judge scraps U.S. evidence against Wall Street financier Wey
NEW YORK (Reuters) – Wall Street financier Benjamin Wey persuaded a federal judge to suppress all evidence seized in U.S. government searches of his home and offices, in a setback for prosecutors who charged him with fraud over Chinese “reverse mergers…
Volkswagen to offer EU diesel car owners extended warranty but no money back: EC
BRUSSELS (Reuters) – Volkswagen has agreed to offer an extra two-year guarantee to European owners of its diesel cars but no compensation in talks with Europe’s consumer affairs chief over its cheating on emissions tests, a European Commission spokesm…
French court advisor says Google not liable for back taxes
PARIS (Reuters) – U.S. internet giant Google should not be held liable for over one billion euros ($1.13 billion) in back taxes in France, an independent court advisor recommended to French judges, a court official said on Tuesday.
Wall St. dips after Fed rate hike; tech slumps again
NEW YORK (Reuters) – A slide in technology stocks pulled down the Nasdaq Composite on Wednesday and the S&P 500 ended slightly lower, as investors worried about the pace of economic growth after weaker-than-expected inflation numbers and an interest rate hike from the Federal Reserve.
Weak U.S. consumer prices, retail sales put spotlight on Fed
WASHINGTON (Reuters) – U.S. consumer prices unexpectedly fell in May and retail sales recorded their biggest drop in 16 months, suggesting a softening in domestic demand that could limit the Federal Reserve’s ability to continue raising interest rates …
Abu Dhabi’s Etihad Airways to drop San Francisco route from October
ABU DHABI/DUBAI (Reuters) – Abu Dhabi’s Etihad Airways said on Wednesday it is suspending flights to San Francisco in the United States from October after falling passenger demand curbed the route’s profitability.
