Daimler to unveil long-distance electric car in October
FRANKFURT (Reuters) – Germany’s Daimler will lift the curtain on its much-anticipated long-distance electric car at the Paris Motor Show in October, as the automaker gears up to compete with Tesla Motors Inc’s Model X sport-utility vehicle (SUV).
Exclusive: Redstone’s NAI talking to bankers about options for Paramount – sources
NEW YORK (Reuters) – Sumner Redstone’s National Amusements Inc is consulting investment bankers about strategic options for Viacom Inc’s Paramount Pictures, including a possible stake sale, sources familiar with the situation said on Friday.
Within sight of a record, Wall Street runs into a wall
(Reuters) – U.S. stocks dropped for a second straight day on Friday following another drop in oil prices and renewed worries about the global economy.
Exclusive: Amazon is preparing to launch streaming music service – sources
SAN FRANCISCO (Reuters) – Amazon.com Inc is preparing to launch a standalone music streaming subscription service, placing it squarely in competition with rival offerings from Apple Inc and Spotify, according to two people with knowledge of the matter….
Bayer waiting for Monsanto to engage after spurned bid: sources
(Reuters) – Monsanto Co , the world’s largest seed company, has still not opened its books more than two weeks after it rejected Bayer AG’s $62 billion acquisition offer but left the door open to a possible deal, according to people familiar with the …
Connecticut businessman pleads guilty to hiding assets from SEC
NEW YORK (Reuters) – A Connecticut businessman pleaded guilty on Friday to pocketing money he made selling antiques instead of using it to pay a judgment he owed U.S. regulators for illegal stock trading.
Terra Firma boss Hands drops $2 billion EMI case against Citi
LONDON (Reuters) – Briton Guy Hands has withdrawn his case against Citigroup over the 2007 buyout of music label EMI, his private equity firm Terra Firma said on Friday, ending almost seven years of on-off litigation over the disastrous deal.
New York regulator seeks details from Goldman on Malaysian fund: source
(Reuters) – New York state regulators have asked Goldman Sachs Group Inc for details about probes into billions of dollars it raised in a bond offering for a scandal-hit Malaysian fund, a person familiar with the matter said on Friday.
U.S., Canada lumber talks stalled, litigation looms: sources
OTTAWA (Reuters) – Talks between Canada and the United States to resolve a dispute over exports of softwood lumber are making little progress and the matter likely will return to the courts, sources familiar with the negotiations said on Friday.
Investors avoiding risk on weak global GDP outlook: Gundlach
NEW YORK (Reuters) – Jeffrey Gundlach, chief executive of DoubleLine Capital, said on Friday that investors are dropping risky assets from their portfolios because of falling global Gross Domestic Product expectations, fueled by China’s slowing growth,…
