Trian’s Peltz started building new stake in undisclosed company: CNBC
NEW YORK (Reuters) – Nelson Peltz, the billionaire head of activist hedge fund Trian Fund Management, told CNBC on Monday that his firm began building a new position in a company about two weeks ago, but could not disclose the name of the company.
Ahead of deal to cut, OPEC oil output hits record high: Reuters survey
LONDON (Reuters) – OPEC’s oil output set another record high in November ahead of a deal to cut production, a Reuters survey found on Monday, helped by higher Iraqi exports and extra barrels from two nations exempted from cutting supply – Nigeria and L…
General Mills to cut as many as 600 jobs globally
(Reuters) – General Mills Inc , the maker of Cheerios cereal, said it would cut as many as 600 jobs globally as part of a new organizational structure and eliminate the position of international chief operating officer.
Aixtron could revive takeover despite U.S. block: analysts
BEIJING/FRANKFURT (Reuters) – The sale of Aixtron to Chinese investors could go ahead under new terms if the German semiconductor equipment maker sells its Silicon Valley division separately to get around U.S. objections, analysts said Monday.
Costs, targets and IPO in focus at Credit Suisse investor update
ZURICH (Reuters) – Just over a year since laying out his turnaround plan for Credit Suisse , Chief Executive Tidjane Thiam is expected to take another ax to costs and pare back ambitious profit targets at the Swiss lender’s investor day on Wednesday.
Lufthansa pilots to decide on new pay offer next week
FRANKFURT (Reuters) – German pilots’ union Vereinigung Cockpit said it needed more time to examine a new pay offer from Lufthansa , lifting the threat of further strikes this week.
Foreign banks in Britain lose bid to avoid bank levy
LONDON (Reuters) – The British-based businesses of foreign banks will not avoid paying the country’s tax on banks’ balance sheets and profits, the government said on Monday following a consultation on changes to the tax proposed in July last year.
OPEC sees robust oil demand growth even if prices rise
NEW DELHI (Reuters) – The Organization of the Petroleum Exporting Countries expects oil demand in 2017 to be as robust as this year, the group’s secretary general told an energy conference on Monday, though recently agreed production cuts could raise p…
Euro jumps as investors bet on Italian political limbo, not turmoil
LONDON (Reuters) – European stocks and the euro rose on Monday, battling back as investors bet that Prime Minister Matteo Renzi’s resignation after voters rejected his constitutional reforms would not trigger a snap election in Italy.
Rescue of Italian bank Monte Paschi in danger after Renzi’s defeat
MILAN (Reuters) – A 5 billion euro ($5.33 billion) rescue plan for Italian bank Monte dei Paschi di Siena hung by a thread on Monday after Prime Minister Matteo Renzi’s defeat in a referendum tipped the country into political turmoil.
