Anti-virus software guru McAfee named CEO of tiny MGT
(Reuters) – Anti-virus software pioneer John McAfee has been tapped as chief executive of tiny MGT Capital Investments Inc, an investor in fantasy sports and mobile games.
Germany’s JAB to take Krispy Kreme private for $1.35 billion
(Reuters) – Krispy Kreme Doughnuts Inc will be taken private by JAB Holding Co for about $1.35 billion, the second buyout of a U.S. food company by the German investment firm in just over two months.
Oil gains, German orders help stocks recover
LONDON (Reuters) – European stock markets bounced back from their worst week since early February with a more than 1 percent gain on Monday, a rise in oil prices and strong economic numbers from Germany outweighing worries over China.
Facebook beverages won’t be a thing in China after rare trademark win
HONG KONG (Reuters) – Chinese people won’t be able to quench their thirst with a refreshing “face book” beverage, after the U.S. social networking company won a rare trademark victory against a local firm in China.
Car parts maker Bosch to open business, hire staff in Iran
FRANKFURT (Reuters) – German auto parts supplier Robert Bosch is opening an office in Tehran and plans to hire 50 staff by the end of this year because it sees growing potential for Iran’s car market following the lifting of international sanctions.
HCP to spin off skilled nursing, assisted living assets into REIT
(Reuters) – HCP Inc , a real estate investment trust (REIT) focused on healthcare, said it would spin off its skilled nursing and assisted living properties into a publicly-traded REIT.
Panama Papers report alleges NZ prime place for rich to hide money
WELLINGTON (Reuters) – Wealthy Latin Americans are using secretive, tax-free New Zealand shelf companies and trusts to help channel funds around the world, according to a report on Monday based on leaks of the so-called Panama Papers.
Midas touch gone, hedge fund industry’s influence may be waning
By David Randall, Svea Herbst-Bayliss and Lawrence Delevingne
Takata warns of annual net loss on rising airbag recall costs
TOKYO (Reuters) – Japan’s Takata Corp warned it would post an annual net loss for the past business year as costs from a global recall of its air bag inflators mount, highlighting the need for it to shore up its finances.
China stocks plunge again as hopes for economic recovery fade
SHANGHAI (Reuters) – China stocks fell sharply again on Monday, reaching eight-month lows, as investors saw hopes for a strong economic recovery fade and worried about fresh regulatory curbs on speculation.
