Chinese economy shows signs of debt-fueled recovery
BEIJING (Reuters) – China posted its slowest economic growth since 2009 but a surge of new debt appears to be fueling a recovery in factory activity, investment and household spending in the world’s second largest economy.
Exclusive: Valeant calls in investment banks to weigh options – sources
(Reuters) – Valeant Pharmaceuticals International Inc has brought in investment banks to review its options amid interest from buyout firms and other companies in a number of its businesses, according to people familiar with the matter.
Cruise Automation ex-partners sue each other after GM deal
SAN FRANCISCO (Reuters) – General Motors Co’s pending acquisition of self-driving car startup Cruise Automation has touched off a legal spat between two former collaborators over their ownership stakes in the company.
Media mogul Redstone won’t testify in mental competency trial
LOS ANGELES (Reuters) – A California judge declined to order a deposition of Sumner Redstone after lawyers for the 92-year-old media mogul said on Thursday they do not plan to call him to testify at a trial over his mental competence.
Microsoft sues U.S. government over data requests
SAN FRANCISCO (Reuters) – Microsoft Corp has sued the U.S. government for the right to tell its customers when a federal agency is looking at their emails, the latest in a series of clashes over privacy between the technology industry and Washington.
Exclusive: Trading start-ups prep major bank antitrust suits
NEW YORK (IFR) – Two online trading start-ups are preparing antitrust suits alleging that major banks conspired to block customers from using their platforms to trade interest rate swaps.
‘Let them sell their summer homes’: NYC pension dumps hedge funds
NEW YORK (Reuters) – New York City’s largest public pension is exiting all hedge fund investments in the latest sign that the $4 trillion public pension sector is losing patience with these often secretive portfolios at a time of poor performance and h…
Verizon servicing current customers, delays new installations in strike
NEW YORK (Reuters) – A one-day-old strike by nearly 40,000 Verizon Communications Inc employees is causing equipment installation delays for new Internet and TV customers, a Verizon executive acknowledged on Thursday.
New York suburb, officials charged in landmark bond fraud case
NEW YORK (Reuters) – An elected official of a New York City suburb was charged on Thursday with defrauding investors who helped finance a controversial minor league baseball stadium, in what authorities called the first criminal securities fraud prosec…
Apple, FBI to clash again in Congress over encryption
WASHINGTON (Reuters) – Apple Inc and the FBI will return to Congress next week to testify before lawmakers about their heated disagreement over law enforcement access to encrypted devices, a congressional committee announced on Thursday.
