Boeing makes more management changes at commercial airplanes unit
NEW YORK (Reuters) – Boeing Co announced more management changes at its commercial airplanes unit on Tuesday, elevating several program leaders who will report directly to the division’s chief, Ray Conner.
Lockheed CEO still likes Sikorsky despite slumping sales to energy sector
WASHINGTON (Reuters) – Lockheed Martin Corp has “no regrets” about buying Sikorsky for $9 billion even though sliding oil prices have taken a bigger bite than expected from the company’s commercial helicopter sales, Chief Executive Marillyn Hewson said…
Weak U.S. retail sales highlight risks to economic outlook
WASHINGTON (Reuters) – U.S. retail sales fell less than expected in February, but a sharp downward revision to January’s data could reignite concerns about the economy’s growth prospects.
U.S. bank insurer approves surcharge for larger institutions
WASHINGTON (Reuters) – The Federal Deposit Insurance Corporation, the chief guarantor of the U.S. banking system, on Tuesday approved a surcharge on large banks to help grow its fund for insuring deposits and resolving failed banks.
Mizuho to face U.S. lawsuit over Mt Gox bitcoin losses: ruling
NEW YORK (Reuters) – A U.S. lawsuit accusing Japan’s Mizuho Bank of concealing problems at the now-bankrupt Tokyo-based Mt Gox bitcoin exchange can move forward, a federal judge in Chicago has ruled.
U.S. banks make cool technology, realize it can be sold
(Reuters) – Big Wall Street banks, after spending massive amounts of money and time to get their old, creaking systems in better shape, are now trying to sell technology they’ve developed in-house to other companies.
Barclays cuts shares awarded to top executives to $12 million
LONDON (Reuters) – Barclays almost halved the value of shares awarded to its top executives this year due to a share price fall, handing them stock worth 8.7 million pounds ($12 million) compared with 16.4 million pounds a year earlier.
China’s Anbang: from auto insurance roots to global buyer of luxury hotels
BEIJING (Reuters) – China’s Anbang Insurance Group Co has emerged from near obscurity 18 months ago to sign deals worth more than $30 billion, moving into the big league of global real estate and finance.
Man in Manila gets $30 million cash from cyber heist; Bangladesh central bank governor quits
DHAKA/MANILA (Reuters) – Bangladesh’s central bank governor resigned on Tuesday over the theft of $81 million from the bank’s U.S. account, as details emerged in the Philippines that $30 million of the money was delivered in cash to a casino junket ope…
Bankia shareholder compensation on track as it seeks new chapter
VALENCIA, Spain (Reuters) – Spain’s state-owned Bankia has so far paid out compensation of 358 million euros ($397.7 million) to minority shareholders who bought into its ill-fated listing, its chairman said on Tuesday, as it seeks to close a painful c…
