U.S. finds China steel plate imports injure U.S. industry
WASHINGTON (Reuters) – The U.S. International Trade Commission said on Friday it had made a final finding that the U.S. industry was being harmed by the dumping and subsidization of imports of carbon and alloy steel cut-to-length plate from China.
Exclusive: Neiman Marcus hires debt restructuring adviser – sources
(Reuters) – U.S. high-end department store chain Neiman Marcus has hired investment bank Lazard Ltd to explore ways to bolster its balance sheet as it seeks relief from $4.9 billion in debt, people familiar with the matter said on Friday.
Winton CEO defends firm from Buffett criticism of fees, returns
LONDON/NEW YORK (Reuters) – David Harding, founder of one of the world’s biggest hedge funds, on Friday defended his firm against Warren Buffett’s criticism of hedge fund fees last week.
Mexico-based homebuilder Homex settles U.S. accounting probe
WASHINGTON (Reuters) – Mexico-based homebuilder Desarrolladora Homex SAB de CV has agreed to settle charges it reported fake sales to boost revenues in what U.S. authorities said on Friday was a $3.3 billion accounting fraud.
Research undercuts Fed’s two favorite U.S. inflation tools
NEW YORK (Reuters) – Two tools that the Federal Reserve heavily relies upon to predict U.S. inflation in fact provide little practical help, and the Fed would be wise to only modestly overshoot its 2-percent price target, concludes a high-profile paper…
Daimler to recall one million Mercedes globally after 51 fires
DETROIT (Reuters) – Daimler AG said it will recall one million newer-model Mercedes-Benz vehicles worldwide due to the risk of fire, after 51 fires were reported.
UK government likely to refer Fox’s Sky deal to regulator
LONDON (Reuters) – Rupert Murdoch’s planned takeover of European pay-TV group Sky is likely to be investigated to see whether it is in the public interest, the British government warned on Friday.
Exclusive: Lord & Taylor owner Hudson’s Bay’s bid for Macy’s stumbles – sources
(Reuters) – Canada’s Hudson’s Bay Co , owner of the Lord & Taylor and Saks Fifth Avenue retail chains, has yet to line up equity financing for a bid for Macy’s Inc , over a month after approaching its U.S. peer, people familiar with the matter said.
Deutsche Bank shares fall on capital increase report
FRANKFURT (Reuters) – Deutsche Bank is expected to decide on strategy adjustments including a possible capital increase around the end of March following a regular supervisory-board meeting on March 16-17, a source familiar with the matter said on Fri…
NBCUniversal invests $500 million in Snap’s IPO
(Reuters) – Comcast Corp’s NBCUniversal has invested $500 million in Snapchat owner Snap Inc , according to a memo on Friday, its latest move aimed at driving digital growth as more viewers go online for their favorite content.
