Deutsche Bank board to discuss capital hike on Sunday: sources
FRANKFURT (Reuters) – Deutsche Bank’s supervisory board will meet on Sunday to discuss plans for a potential capital increase of around 8 billion euros ($8.5 billion), two sources familiar with the matter said on Saturday.
PSA Group, GM announce Monday morning press conference
PARIS (Reuters) – General Motors and France’s PSA Group will hold a press conference on Monday morning, they said on Saturday, with the subject expected to be the acquisition of the U.S. carmaker’s loss-making Opel unit.
Investors bet Trump-fueled tech rally far from over
SAN FRANCISCO (Reuters) – Technology companies have been a driving force behind the U.S. stock market’s recent record rally, and despite mounting evidence of stretched valuations the sector remains a top pick for investors expecting a wave of capital e…
Caterpillar is sued by a shareholder after federal raid
(Reuters) – Caterpillar Inc was sued on Friday for allegedly deceiving shareholders about its business, one day after federal law enforcers raided three of its buildings in connection with a probe into the heavy machinery manufacturer’s offshore tax pr…
Johnson & Johnson wins trial in talc product liability lawsuits
(Reuters) – Johnson & Johnson said on Friday that a state court jury in Missouri had returned a verdict in its favor in the latest trial to arise out of thousands of lawsuits alleging the company’s talc-based products can increase the risk of ovarian cancer.
Deutsche Boerse CEO says work on LSE merger still ongoing
LONDON (Reuters) – Deutsche Boerse Chief Executive Carsten Kengeter said it is continuing preparations for a merger with the London Stock Exchange , despite the LSE’s refusal to sell its Italian MTS trading platform.
Uber used secret tool to evade authorities
(Reuters) – Ride services company Uber Technologies Inc [UBER.UL] for years has used a secret tool to avoid authorities in markets where its service faced resistance by law enforcement or was banned, the company confirmed on Friday.
Keystone XL builders can use non-U.S. steel, White House says now
(Reuters) – The Keystone XL oil pipeline does not need to be made from U.S. steel, despite an executive order by President Donald Trump days after he took office requiring domestic steel in new pipelines, the White House said on Friday.
Yellen points to March rate hike as Fed signals end of easy money
CHICAGO (Reuters) – The U.S. Federal Reserve’s long-stalled ‘liftoff’ of interest rates may finally get airborne this year as policymakers from Chair Janet Yellen on Friday to regional leaders across the United States signaled that the era of easy mone…
Exclusive: PSA agrees to buy Opel from GM, wins board approval – sources
PARIS/LONDON (Reuters) – France’s PSA Group struck a deal with General Motors to buy the U.S. carmaker’s loss-making Opel division, two sources with knowledge of the matter told Reuters.
