Despite risks, public pensions put faith in long-term returns
SAN FRANCISCO (Reuters) – U.S. public pension funds are cutting their expectations for investment returns over the next 30 years or more, but some do not expect to meet even the new targets over the coming decade.
Rebel creditors file emergency appeal against Peabody reorganization
CHICAGO (Reuters) – Opponents of Peabody Energy Corp’s reorganization plan have filed an emergency appeal against a key piece of the coal producer’s proposal they say violates U.S. bankruptcy law by prematurely requiring creditors to promise support it…
Credit conditions for most business lending unchanged in fourth quarter : Fed
WASHINGTON (Reuters) – Loan officers at U.S. banks reported largely unchanged lending standards and slightly looser terms for business loans in the last three months of 2016, the Federal Reserve reported on Monday in a quarterly survey.
ECB sees seeds of next crisis in Trump deregulation plan
FRANKFURT (Reuters) – The European Central Bank rejected U.S. accusations of currency manipulation on Monday and warned that deregulating the banking industry, now being openly discussed in Washington, could sow the seeds of the next financial crisis.
Hasbro’s record holiday quarter lifts shares to all-time high
(Reuters) – Hasbro Inc , the No. 2 U.S. toymaker, reported record holiday-quarter revenue, helped by strong demand for Disney princess dolls and its board games, sending the company’s shares up 17 percent to an all-time high.
Viacom CEO to present turnaround strategy on Thursday
(Reuters) – Newly named Viacom Inc Chief Executive Officer Bob Bakish will outline his plans to revive the company’s struggling business on Thursday during an earnings call, he told shareholders on Monday.
BT supports Google’s Android in EU antitrust row
LONDON (Reuters) – BT has become the first major telecoms company to back Google in a battle with EU regulators, defending the “stability and compatibility” of the Android operating system, which is in the sights of anti-trust regulators.
Toyota, Suzuki courtship intensifies as partnership talks begin
TOKYO (Reuters) – Toyota Motor Corp and Suzuki Motor Corp said on Monday they plan to trade expertise in parts supplies and R&D, in an agreement that will aid expansion in emerging markets and help them cope with rapid technological sophistication.
New GlaxoSmithKline CEO prepares for R&D choices, potential deals
LONDON (Reuters) – Emma Walmsley, GlaxoSmithKline’s incoming CEO, will take over Britain’s biggest drugmaker at a challenging time but the 47-year-old also inherits the flexibility to do deals and make key choices on new drugs.
Electrolux buys Anova to tap into connected products growth
STOCKHOLM (Reuters) – Swedish home appliance maker Electrolux said on Monday it was buying precision cooker maker Anova in the United States as it looks to accelerate its development of connected devices for kitchens and homes.
