Iran signals tough stance in oil producers’ talks
ANKARA/DUBAI (Reuters) – Iran signaled on Wednesday it would take a tough line in talks among oil producers on restraining production, saying it would continue increasing its output until it reached levels seen before international sanctions were impos…
Top U.S. hedge funds bet on Morgan Stanley and AIG
NEW YORK/BOSTON (Reuters) – Top U.S. hedge fund management firms, including Dan Loeb’s Third Point LLC, took new positions in Morgan Stanley during the fourth quarter, ahead of the bank’s cost-cutting measures and bond-management reshuffling.
Iran could decide fate of first global oil deal for 15 years
DOHA/LONDON (Reuters) – The fate of the first global oil deal in 15 years could be decided on Wednesday when OPEC members travel to Iran to persuade the country to participate in a deal to freeze output levels, possibly by offering Tehran special terms…
United Airlines mechanics reject contract offer, union seeks strike approval
(Reuters) – Maintenance workers at United Airlines overwhelmingly rejected a new contract offer, their union said Tuesday, adding it would seek approval from U.S. regulators to strike.
U.S. agency rejects Boeing protest of Northrop bomber contract
A U.S. government agency on Tuesday rejected a protest filed by Boeing Co and Lockheed Martin Corp against a multibillion-dollar bomber contract awarded to Northrop Grumman Corp by the U.S. Air Force in October.
Apollo Global braves LBO rout with $7 billion ADT deal
(Reuters) – Private equity firm Apollo Global Management LLC said on Tuesday it had agreed to buy U.S. security company ADT Corp in the biggest leveraged buyout (LBO) of the year thus far, defying a challenging financing market for such deals.
Argentina reaches settlement in U.S. debt class action: mediator
NEW YORK (Reuters) – Argentina has reached a deal with lawyers pursuing a U.S. class action lawsuit over defaulted debt to resolve the case, as part of the country’s efforts to settle long-running litigation over its 2002 default, a court-appointed med…
Slumbering Pakistani steel giant shows why state sell-offs are stalled
KARACHI (Reuters) – Once the producer of almost half the country’s steel needs, state-owned Pakistan Steel Mills’ (PSM) cavernous factory buildings on the outskirts of Karachi stand eerily still.
Buffett to webcast Berkshire annual meeting on Yahoo
(Reuters) – Warren Buffett’s Berkshire Hathaway Inc plans to webcast its annual meeting for the first time, allowing the largest U.S. shareholder gathering to reach a global audience through Yahoo Inc’s finance page.
Wall St. climbs again; consumer, industrial shares surge
(Reuters) – Wall Street minted its second straight session of solid gains on Tuesday, as investors snatched up beaten-down consumer discretionary, industrial and tech shares.
