Pepco, Exelon maintain deal closing deadline amid regulatory scrutiny
(Reuters) – Pepco Holdings Inc, which is awaiting regulatory approval from Washington DC for its acquisition by Exelon Corp, said the two utilities have not extended the deadline to close the deal, but were in talks with state authorities.
U.S. moves to dismiss case against ex-Chesapeake CEO after his death
WASHINGTON (Reuters) – The U.S. Justice Department has filed a motion to dismiss a criminal indictment against former Chesapeake Energy Corp Chief Executive Officer Aubrey McClendon, who died in a car crash on Wednesday, one day after he was charged wi…
ECB rate meeting, Chinese data in focus
FRANKFURT (Reuters) – The European Central Bank is almost certain to ease policy next week as depressed commodity prices raise the risk of deflation, while a string of data from China will offer clues about the extent of the recent emerging market slow…
Goldman Sachs cutting up to 10 percent of fixed income trading staff: source
LONDON (Reuters) – Goldman Sachs is cutting between five and 10 percent of staff in its fixed income and currency trading business, a source familiar with the matter said on Friday.
Samsonite to buy Tumi for $1.8 billion as it expands premium luggage offerings
HONG KONG (Reuters) – Samsonite International S.A. said on Friday it would buy Tumi Holdings Inc for $26.75 per share in an all-cash transaction valuing Tumi at $1.8 billion, as the world’s biggest luggage group expands in the luxury market.
Dunkin’ Donuts to target Starbucks customers after loyalty scheme shake-up
FRANKFURT (Reuters) – Dunkin’ Donuts is on a drive to win customers from Starbucks after the rival coffee and snacks chain changed its loyalty scheme to favor higher spending customers over frequent buyers.
RBC targets market share gains in U.S. investment banking
NEW YORK (Reuters) – Royal Bank of Canada plans to boost its share in the U.S. investment banking market by tapping opportunities with existing mid-sized and large clients and filling gaps left by European banks that are scaling back, one of its key ex…
Renault-Nissan aims for 5.5 billion euros in synergies in 2018
PARIS (Reuters) – The Renault-Nissan carmaking alliance expects to generate 5.5 billion euros ($6 billion) of synergies in 2018 by integrating more divisions and sharing resources better within the partnership, the companies said on Friday.
Global shares, oil set for bumper week as payrolls near
LONDON (Reuters) – The best week for Asian shares in five months and the second six percent weekly jump in a row in oil prices put global markets in a bouyant mood on Friday, ahead of closely-followed monthly U.S. jobs data.
Facing record oversupply, U.S. oil looks for a home in Europe
LONDON (Reuters) – As U.S. oil inventories reach all-time highs, cargoes of crude are increasingly flowing towards Europe, where higher prices and lower shipping costs have made the region an attractive hunting ground for those selling light sweet oil….
