Investors reluctant to back Monte Paschi’s cash call
LONDON (Reuters) – Investors are reluctant to back Monte dei Paschi di Siena’s bid to raise billions of euros, leading fund managers and a source with knowledge of the matter told Reuters, posing a huge challenge for a new CEO seeking to save the Ital…
Short-seller Chanos calls Tesla-SolarCity merger ‘crazy’: CNBC conference
NEW YORK (Reuters) – The prominent short-seller Jim Chanos, founder of Kynikos Associates, called the proposed merger of Tesla Motors Inc and SolarCity Corp “crazy,” noting that the combined company would need constant access to capital markets.
U.S. Treasury’s Lew faults ‘bad behavior’ at Wells Fargo
NEW YORK (Reuters) – U.S. Treasury Secretary Jack Lew said on Tuesday federal regulators were correct to punish Wells Fargo & Co for setting up sham accounts without customers’ knowledge, but stopped short of calling for a clawback of pay from the head of the unit where the wrongdoing took place.
Atlanta Fed’s Lockhart to leave office in February 2017
WASHINGTON (Reuters) – Atlanta Federal Reserve Bank president Dennis Lockhart will step down on Feb. 28 next year, the Atlanta Fed said on Tuesday, with a nationwide search planned for his replacement.
Investors sue Porsche SE over Volkswagen scandal
FRANKFURT (Reuters) – Porsche SE , the main shareholder of Volkswagen (VW) , is facing lawsuits from investors claiming the firm did not disclose the financial risks of VW’s emissions scandal uncovered a year ago.
Sprint, T-Mobile iPhone pre-orders boost Apple shares
(Reuters) – U.S. wireless carriers Sprint Corp and T-Mobile US Inc said on Tuesday they received strong pre-orders for Apple Inc’s iPhone 7, sending shares of the world’s most valuable listed company up 3 percent.
Jaguar Land Rover picks contractors, breaks ground for Slovak plant
NITRA, Slovakia (Reuters) – Luxury carmaker Jaguar Land Rover (JLR) [TAMOJL.UL] has picked Japanese firm Takenaka and Czech company Vces, part of Bouygues group , as subcontractors for the Slovak factory it started building on Tuesday, the company said…
Barroso accuses EU of discrimination over ethics probe: FT
STRASBOURG (Reuters) – Former European Commission President Jose Manuel Barroso has accused his successor Jean-Claude Juncker of “discriminatory” behavior for opening an ethics probe into his taking a job with U.S. bank Goldman Sachs.
Monsanto board to decide on sale to Bayer on Tuesday: sources
FRANKFURT/NEW YORK (Reuters) – The board of U.S. seed market leader Monsanto Co is set to meet on Tuesday to decide whether to approve a sale to Germany’s Bayer AG for more than $65 billion after more than four months of negotiations, people familiar w…
Citi sees Russia business pick up as crisis abates
MOSCOW (Reuters) – U.S. bank Citi is seeing business pick up in Russia as the country’s economic crisis abates and is staying as engaged as it can given Western sanctions, its Russia head said.
