LafargeHolcim receives revised divestment order from India
ZURICH (Reuters) – LafargeHolcim has received a revised order from the Competition Commission of India (CCI) to divest its interest in Lafarge India, including three cement plants and two grinding stations with total annual capacity of 11 million tons,…
Wall St. crooks get a screen test – and this time pull in big audiences
NEW YORK (Reuters) – Wall Street villains are having their big moment on both television and the big screen.
Economic expansions don’t die of old age: Fed study
SAN FRANCISCO (Reuters) – Just because the U.S. economic recovery is nearly seven years along is no reason to think that the nation is due for a recession, according to a study published Monday by the San Francisco Federal Reserve Bank.
U.S. inflation survey tumbles in red flag for Fed
NEW YORK (Reuters) – An increasingly important gauge of U.S. inflation tumbled last month to its lowest level since the Federal Reserve Bank of New York began the survey in mid-2013, in what could be taken as another warning bell for the U.S. central b…
Oil prices slide, supply overhang in focus
LONDON (Reuters) – Crude oil prices fell on Monday because of lingering concerns over a supply overhang and after a Saudi-Venezuela meeting showed few signs that steps would be taken to boost prices.
Credit Suisse’s Thiam wants his bonus to be cut up to 50 percent: report
ZURICH (Reuters) – Credit Suisse Chief Executive Officer Tidjane Thiam has asked the bank’s board to cut his 2015 bonus by between 25 percent and 50 percent, the Financial Times reported on Monday, after the bank posted a 2.94 billion Swiss franc ($2.9…
For sugar tax supporters, 2016 may be the sweet spot
LONDON (Reuters) – 2016 could be the year of the sugar tax, as several large nations consider levies on sweetened food and drinks to battle obesity and fatten government coffers.
Brixmor Property’s top executives exit after accounting review
(Reuters) – Shopping center operator Brixmor Property Group Inc said three of its top officers, including its chief executive, had resigned after an internal accounting review showed discrepancies in the company’s financial statements.
Volkswagen says is open to listing trucks business
FRANKFURT (Reuters) – Volkswagen AG’s trucks business may pursue acquisitions or even a public listing, the company said on Monday, only days after the parent company was forced to delay publishing earnings in the wake of a diesel emissions scandal.
European stocks plunge as Lunar New Year offers no cheer
LONDON (Reuters) – European shares plunged to 16-month lows on Monday, extending a aggressive sell-off, while bond yields and oil also fell as investors shed risky assets on persistent concern over the pace of global growth.
