Takata hires Lazard Ltd as financial advisor to consider restructuring alternatives
(Reuters) – Air bag manufacturer Takata Corp hired investment bank Lazard to lead efforts to seek new investment and help resolve financial issues stemming from its record-setting recall of tens of millions of inflators that can rupture, sources said …
Dollar stores’ results may shelter battered retail shareholders
SAN FRANCISCO (Reuters) – Investors shell-shocked by dismal quarterly reports from department stores will look for new signs of hope for brick-and-mortar retailers on Thursday as discount sellers Dollar General Corp and Dollar Tree Inc hand in their …
HP Enterprise unit’s merger with CSC no shield from cloudburst
(Reuters) – Hewlett Packard Enterprise Co’s planned merger of its struggling IT services business with Computer Sciences Corp could generate considerable savings, but it won’t stop customers from defecting to cloud services.
Bank ‘living wills’ light on information, but reveal problems: U.S. monitor
WASHINGTON (Reuters) – There is not enough information in the public section of the “living wills” major banks file with U.S. regulators to fully explain how the organizations could undergo bankruptcy without taxpayer aid, the country’s financial monit…
Aetna-Humana tie-up is anti-competitive in Missouri: state regulator
NEW YORK (Reuters) – A tie-up of Aetna Inc and Humana Inc would be anti-competitive in Missouri for several types of insurance, including individual Medicare Advantage plans where the combined company would have more than a 50 percent market share, the…
Bayer could get ECB financing for Monsanto bid, rules show
FRANKFURT (Reuters) – Bayer could receive financing from the European Central Bank that would help to fund a takeover of Monsanto , according to the terms of the ECB’s bond-buying program.
Citigroup to pay $425 million over attempted benchmark manipulation
WASHINGTON (Reuters) – Citigroup Inc has agreed to pay $425 million to resolve civil charges by the Commodities Futures Trading Commission it tried to manipulate foreign exchange and interest rate benchmarks, the latest settlement in ongoing internati…
Oil up but backs off $50 target; profit-taking after U.S. drawdown
NEW YORK (Reuters) – Oil prices rose as much as 1 percent on Wednesday after the U.S. government reported a larger-than-expected drop in crude stocks for last week, but profit-taking after the data kept prices below the $50 a barrel level that oil bull…
Alstom sues GE for breach of contract
(Reuters) – The French industrial company Alstom SA has filed a U.S. lawsuit accusing General Electric Co of breaching a contract related to the latter’s sale of a rail signaling business last November.
Exclusive: U.S. queries AB InBev on distribution incentives amid merger probe
WASHINGTON (Reuters) – U.S. antitrust officials are investigating Anheuser-Busch InBev over its new incentives that encourage independent distributors to sell more of its own beer brands at the expense of competing craft brews, two people with knowled…
