Deutsche Bank fined for $10 billion sham Russian trades
NEW YORK/FRANKFURT (Reuters) – Deutsche Bank has agreed to pay $630 million in fines for organizing $10 billion in sham trades that could have been used to launder money out of Russia, the latest in a string of penalties that have hammered the German …
Diageo to make new Guinness beers for U.S. market
LONDON (Reuters) – Diageo plans to open a new Guinness brewery in the U.S. state of Maryland where it will make new Guinness beers for the U.S. market, the company said in a statement on Tuesday.
Uber strikes deal with Daimler to add self-driving Mercedes-Benz to fleet
SAN FRANCISCO (Reuters) – Uber Technologies Inc [UBER.UL] has signed another deal with a major automaker as the popular ride service accelerates efforts to build out one of the world’s first fleets of autonomous vehicles.
Caterpillar to move headquarters to Chicago area
(Reuters) – Caterpillar Inc said on Tuesday it would move its global headquarters to the Chicago area from Peoria, Illinois later this year to move closer to a global transportation hub and make it easier to recruit executives.
Banks must plan for ‘hard’ Brexit, industry report warns
LONDON (Reuters) – Global banks must plan for a “hard” Brexit or risk breaching regulatory requirements and disrupting business, according to an industry report seen by Reuters, the first since Prime Minister May said she would take Britain out of the …
EU must seek new trade deals if U.S. looks inward: Eurogroup president
AMSTERDAM (Reuters) – The European Union will have to establish new trading partnerships if its traditional economic and political ally the United States heads down a path of protectionism, Eurogroup President Jeroen Dijsselbloem said on Tuesday.
Elliott turns up CEO pressure blending activism with buyouts
NEW YORK/SAN FRANCISCO (Reuters) – Eight days after Elliott Management disclosed a 7.6 percent stake in LifeLock Inc , managers of the more than $30 billion hedge fund met with executives at the consumer protection company.
Air France union urges members to refuse work on U.S. flights after Trump order
PARIS (Reuters) – The hardline CGT trade union at Air France has called on its members to refuse to work on U.S.-bound flights in protest against the U.S. immigration order that temporarily prevents refugees and travelers from seven Muslim-majority co…
Exclusive: Peanuts, home of Snoopy and Charlie Brown, up for sale – sources
(Reuters) – U.S. brand management company Iconix Brand Group Inc is exploring a sale of its majority stake in Peanuts Worldwide LLC, which owns the rights to cartoon strip characters Snoopy and Charlie Brown, according to people familiar with the matt…
Funds wary that higher U.S. stocks at risk of Trump disappointment
LONDON (Reuters) – Global investors raised their U.S. equity holdings to an 18-month high in January, betting fiscal stimulus from U.S. President Donald Trump will spur growth, but doubts are growing whether he can deliver as much as markets have price…
