United Tech details engine problems, affirms 2017 forecast
(Reuters) – United Technologies Corp faced new questions about its Geared Turbofan engine on Wednesday, noting problems about durability and with the company’s ability to receive parts on time.
Madoff victims cannot sidestep $7.2 billion settlement: U.S. judge
NEW YORK (Reuters) – A federal judge has blocked litigation that the trustee liquidating Bernard Madoff’s firm said could undermine a $7.2 billion settlement meant to benefit the Ponzi schemer’s former customers.
BlackRock jilts State Street, moves $1 trillion in custody assets to JPMorgan
BOSTON (Reuters) – State Street Corp on Wednesday reported a 3.4 percent drop in fourth-quarter revenue and said it lost more than $1 trillion in custody assets to JPMorgan Chase & Co Inc , sending State Street stock tumbling as much as 7.5 percent.
EU clears Abbott acquisition of Alere subject to divestments
BRUSSELS (Reuters) – European Union antitrust regulators cleared Abbott Laboratories’ proposed $5.8 billion acquisition of diagnostic test maker Alere on Wednesday, subject to the divestment of some of Alere’s operations.
Exclusive: Germany calls bankers to Frankfurt for Brexit move talks – sources
FRANKFURT/LONDON (Reuters) – German regulators will meet more than 20 foreign banks on Monday to spell out requirements for moving some operations to Frankfurt, people familiar with the matter said, as the city accelerates plans to win over business fr…
Indonesian provincial government says Freeport loses $188 million tax appeal
JAKARTA (Reuters) – Indonesia’s Papua province, home of the giant Grasberg copper mine operated by the local unit of Freeport McMoRan Inc , said it has won a court battle in a claim against the company for 2.51 trillion rupiah ($188 million) in outstan…
JPMorgan clients to get easier access to online finance tools
NEW YORK (Reuters) – JPMorgan Chase & Co and Intuit Inc said on Wednesday they had reached an agreement to allow the bank’s customers to quickly put account information into Mint, TurboTax Online and QuickBooks Online financial management applications without turning over user names and bank passwords.
Reignited ‘Trump trades’ help world stocks hit 19-month high
LONDON (Reuters) – World stocks hit a 19-month high on Wednesday, lifted by strong Japanese trade data, stellar European company earnings and hopes that U.S. President Donald Trump will press ahead with a large fiscal spending package.
Cisco to buy AppDynamics for $3.7 billion in growth push
SAN FRANCISCO (Reuters) – Cisco Systems Inc said on Tuesday that it agreed to buy U.S. business software company AppDynamics Inc for about $3.7 billion, making one of its largest deals of recent years as it searches for growth beyond its core networki…
Apple says dialogue with India on local expansion plans was ‘constructive’
MUMBAI (Reuters) – Apple Inc said on Wednesday it appreciates the open and constructive dialogue that it held with Indian officials, around the expansion of its local operations in the country.
