Airbus, Boeing brace for crucial phase in subsidies dispute
GENEVA/PARIS (Reuters) – The world’s two largest jetmakers are bracing for the next round in a transatlantic spat over billions of dollars of aircraft subsidies, amid accusations of widening U.S. support for Boeing and persistent European aid to Airbus.
How U.S. sanctions targeted a Belize banana farmer, and hurt an economy
WASHINGTON (Reuters) – When the United States blacklisted John Angel Zabaneh, a banana farmer and exporter in Belize, for alleged ties to a top drug lord, it did more than just sideline one local businessman from the global financial system.
Univision bids for Gawker, challenging Ziff Davis: sources
NEW YORK (Reuters) – Univision Holdings Inc has offered to acquire Gawker Media LLC, challenging a $90 million stalking horse bid from media company Ziff Davis LLC in the auction for the U.S. internet publisher, people familiar with the matter said.
Berkshire takes bigger bite of Apple, pares Wal-Mart
(Reuters) – Warren Buffett’s Berkshire Hathaway Inc on Monday said it has increased its stake in Apple Inc by 55 percent, boosting its bet on the iPhone and iPod maker even as prominent investors like George Soros and Carl Icahn shed theirs.
Billionaire investors turn bearish as U.S. stocks hit record highs
NEW YORK (Reuters) – Several big-name hedge fund investors soured on U.S. stocks in the second quarter and moved to gold and other bearish bets, failing to anticipate the stock market rally in the current quarter.
China confident of hitting 3 percent consumer inflation target in 2016: planner
BEIJING (Reuters) – China is confident of reaching its official consumer inflation target of around 3 percent this year, the country’s top economic planner said on Tuesday.
Volkswagen, U.S. Justice Dept discuss settling criminal probe: sources
WASHINGTON (Reuters) – Volkswagen AG and the U.S. Justice Department have held preliminary settlement talks about resolving a criminal probe into the automaker’s diesel emissions scandal, two sources briefed on the matter said.
SEC halts trade in mysterious $35 billion OTC stock
(Reuters) – The U.S. Securities and Exchange Commission on Monday temporarily halted trade in Neuromama Ltd , whose shares have quadrupled to about $56 in over the counter trading this year, citing concerns including “potentially manipulative” transact…
Icahn urges EPA to change renewable fuel credit market
(Reuters) – Billionaire investor Carl Icahn has called on the top U.S. environmental regulator to make changes to a market for renewable fuel credits or else risk “the mother of all short squeezes” that could bankrupt refiners.
AIG to sell unit to Arch Capital for $3.4 billion
(Reuters) – American International Group Inc said on Monday it would sell its mortgage-guaranty unit to Arch Capital Group Ltd for about $3.4 billion.
