Boeing takes on peers, partners in bid for replacement parts business
PHOENIX (Reuters) – In search of higher profits margins, Boeing Co is aiming to win more of the lucrative market for replacement parts and repair services, pitting the plane maker against major suppliers who view that growing $62 billion a year market…
Regulators taking another look at costs of Wall Street safety rule
WASHINGTON/NEW YORK (Reuters) – Just as memories of the financial crisis are fading and tough new banking regulations are beginning to bite, some current and former regulators wonder whether one of the rules is too much of a burden for markets and taxp…
Major banks mark first-ever international trade using blockchain tech
SYDNEY (Reuters) – The first cross-border transaction between banks using multiple blockchain applications has taken place, Commonwealth Bank of Australia and Wells Fargo & Co said on Monday, resulting in a shipment of cotton to China from the United States.
Oceanwide to buy U.S. insurer Genworth for $2.7 billion, extends Chinese M&A push
HONG KONG (Reuters) – China Oceanwide Holdings Group Co has agreed to buy U.S. insurer Genworth Financial Inc for $2.7 billion in cash, the latest in a series of moves by Chinese firms to buy overseas assets as their domestic economy slows and the yua…
AT&T-Time Warner deal sparks calls for scrutiny in Washington
WASHINGTON (Reuters) – AT&T Inc’s proposed $85 billion takeover of Time Warner Inc generated skepticism among both Democrats and Republicans on Sunday, making it more likely that regulators will closely scrutinize the effort to create a new telecommunications and media giant.
Companies urged to use multiple vendors in wake of cyber attack
(Reuters) – Companies can reduce the risk from the type of cyber attack that took out major websites on Friday by using multiple vendors for the critical internet service known as a domain name service, or DNS, companies and security experts said on Su…
Wells Fargo’s corporate responsibility chair resigns from private equity firm
NEW YORK (Reuters) – Federico Pena, a member of Wells Fargo’s board of directors and chairman of its corporate responsibility committee, has resigned from an advisory position with Vestar Capital Partners, a private equity firm.
U.S. options market not very ‘Trumped up’ ahead of vote
NEW YORK (Reuters) – Prospects that the presidential election will inject a hefty dose of volatility into U.S. stock markets are fading fast as Republican Donald Trump’s victory odds lengthen.
For AT&T, Time Warner was always on the menu
NEW YORK (Reuters) – When Time Warner Inc’s Jeff Bewkes welcomed AT&T Inc’s Randall Stephenson for lunch at Time Warner Center in New York in late August, their meeting was supposed to be one of the catch-ups the two chief executives have had over the years.
Rockwell broadens its reach with $6.4 billion purchase of B/E Aerospace
(Reuters) – After two years of looking to expand, aircraft component maker Rockwell Collins Inc has struck a deal to buy aircraft interior maker B/E Aerospace Inc for $62 a share in cash and stock, the companies said on Sunday.
