Baker Hughes-GE talks come after difficult time for both companies
NEW YORK (Reuters) – Industrial giant General Electric Co and oilfield services company Baker Hughes, both beset by difficulties during oil’s two-year price rout, may have a clear path out of the doldrums: join forces.
Deutsche settlement over Russia trades possible in 2017: sources
FRANKFURT/NEW YORK (Reuters) – U.S. and U.K authorities have made progress in their investigation into allegations that Deutsche Bank helped its clients in Russia disguise suspicious trades, and a settlement could come by the first half of next year, …
Morgan Stanley COO Jim Rosenthal to retire at end of year: memo
(Reuters) – Morgan Stanley chief operating officer Jim Rosenthal will retire at the end of the year.
OPEC officials yet to agree on how to implement supply cut
VIENNA/DUBAI (Reuters) – OPEC officials meeting in Vienna on Friday to work out the details of their plan to reduce oil production had yet to reach agreement after hours of talks, amid objections by Iran which has been reluctant to even freeze its out…
UK tribunal rules Uber drivers deserve workers’ rights
LONDON (Reuters) – Taxi app Uber should treat its drivers as employees and pay them the minimum wage and holiday pay, a British tribunal ruled on Friday, in a verdict that could hit thousands of firms and deliver a blow to the ‘gig economy’.
BMW recalling 154,472 vehicles in U.S., Canada over fuel pumps
DETROIT (Reuters) – BMW is recalling 154,472 vehicles registered in the United States and Canada for a fuel pump problem that could cause stalling, according to a filing with U.S. safety regulators and BMW.
Madoff trustee reaches $277 million accord with money manager’s family
(Reuters) – The court-appointed trustee liquidating Bernard Madoff’s firm said on Friday he has reached a settlement with the family of late Beverly Hills money manager Stanley Chais that will provide more than $277 million to victims of Madoff’s Ponzi…
Mondelez recalls two flavors of Oreo Fudge Cremes in U.S.
(Reuters) – Mondelez International Inc said on Friday it is recalling certain batches of two varieties of Oreo Fudge Cremes sold in the United States as their ingredient lists do not mention milk allergen.
Italy antitrust agency probes WhatsApp messaging service
ROME (Reuters) – Italy’s antitrust watchdog said on Friday it had opened a probe into whether messaging service WhatsApp obliged users to agree to sharing personal data with its parent company Facebook and imposed “unfair” conditions on users.
Exclusive: Deutsche Bank among bidders for HSH Nordbank’s debt portfolio
LONDON/FRANKFURT (Reuters) – Deutsche Bank is among more than 20 bidders in talks to potentially buy a 3.2 billion euro ($3.5 billion) loan portfolio from state-owned rival HSH Nordbank [HSH.UL] as Germany’s biggest lender tries to do deals despite it…
