Long-haul budget airline French Blue sets two-year deadline to break even
PARIS (Reuters) – Airline French Blue plans to give itself two years to break even from low-cost services between Europe and North America, its chairman told Reuters on Thursday.
Goldman’s European business cuts pay after IPO activity slows
LONDON (Reuters) – Average pay at Goldman Sachs’ European arm fell 15 percent year-on-year as turbulent markets discouraged companies from listing on stock markets, hitting the bank’s underwriting business hard.
GSK break-up? Don’t bank on it, says drugmaker’s outgoing boss
LONDON (Reuters) – News that GlaxoSmithKline will have a new chief executive in 12 months has fueled speculation about a break-up of Britain’s biggest drugmaker but outgoing boss Andrew Witty says this is wide of the mark.
Dividend alert: Investors have bid up income stocks to risky levels
NEW YORK (Reuters) – Spooked by the early 2016 stock market selloff and sick of low interest rates, income investors have been bidding up dividend stocks at a feverish pace – so much so that these shares now are priced at levels high enough to worry so…
VW seeks comprehensive deal on emissions with U.S. regulators: source
HAMBURG (Reuters) – Volkswagen aims to agree a deal with U.S. authorities that resolves as many issues related to its emissions cheating scandal as possible at once, a senior manager at the German carmaker told Reuters.
U.S. job market tightening; manufacturing sector healing
WASHINGTON (Reuters) – The number of Americans filing for unemployment benefits rose from a five-month low last week, but remained below a level associated with a strengthening labor market as the economy regains momentum after a slow fourth quarter.
Hamptons luxury home sales soften as Wall Street weakness takes a toll
NEW YORK (Reuters) – The market for luxury homes in the Hamptons, the summer playground for Wall Street’s wealthiest, is losing some of its luster as financial markets limp along for a second year.
U.S. safety agency says automakers to add automatic braking by 2022
MCLEAN, Va. (Reuters) – U.S. auto safety regulators said on Thursday that 20 automakers have agreed to make automatic emergency braking standard on nearly all U.S. vehicles by 2022, a move that could prevent thousands of rear-end crashes annually.
Swiss to return $70 million more to Brazil in Petrobras probe
ZURICH (Reuters) – Swiss authorities plan to return $70 million more in funds frozen amid an investigation into suspected corruption at Brazilian group Petrobras, Attorney General Michael Lauber’s office said after he met Brazilian counterpart Rodrigo …
Energy companies drain loans before banks clamp down
NEW YORK (Reuters) – Troubled U.S. energy companies, maneuvering for stronger negotiating positions if filing for bankruptcy, are racing to tap cash still available under existing reserve-based loan commitments before banks cut their credit access next…
