KaloBios submits request to appeal Nasdaq delisting
(Reuters) – KaloBios Pharmaceuticals Inc, which fired its controversial Chief Executive Martin Shkreli earlier this month, said it had requested an appeal of Nasdaq’s decision to delist its shares.
Barclays in $13.75 million U.S. settlement over mutual funds
(Reuters) – Barclays Plc will pay more than $13.75 million to settle U.S. regulatory charges that it let retail brokerage customers make unsuitable mutual fund transactions, including more than 6,100 fund switches, over a five-year period.
U.S. home prices rise slightly in October, top forecast
NEW YORK (Reuters) – Annualized U.S. single-family home prices rose in October at a slightly faster pace than in September and above market expectations, a closely watched survey showed on Tuesday.
Deutsche Bank to sell stake in China lender for up to $4 billion
FRANKFURT/HONG KONG (Reuters) – Deutsche Bank has agreed to sell its entire 20 percent stake in Beijing-based Hua Xia Bank to Chinese insurer PICC Property and Casualty Co – a deal worth up to $4 billion that will help lift its capital ratios.
China December official PMI likely to show fifth month of contraction
BEIJING (Reuters) – Activity in China’s manufacturing sector is expected to have contracted for a fifth straight month in December, a Reuters poll showed, likely consigning the world’s second-largest economy to its slowest annual growth in a quarter of…
Adidas not facing shareholder pressure to sell Reebok: FT
FRANKFURT (Reuters) – Adidas is not facing pressure from activist shareholders to offload more assets, like fitness brand Reebok, the German sporting goods group’s finance chief told the Financial Times.
Toshiba says to seek new $2.5 billion credit line for restructuring
TOKYO (Reuters) – Toshiba Corp , reeling from a $1.3 billion accounting scandal, said it intends to ask for a new 300 billion yen ($2.49 billion) credit line by the end of January to fund a large-scale restructuring.
China central bank says to keep reasonable credit growth, yuan stable
BEIJING (Reuters) – China’s central bank said on Monday that it would “flexibly” use various policy tools to maintain appropriate liquidity and reasonable growth in credit and social financing.
JPMorgan to raise deposit rates for some big clients in January: WSJ
(Reuters) – JPMorgan Chase & Co will begin raising deposit rates for some of its biggest clients in January, the Wall Street Journal reported, citing a person familiar with the matter.
Valeant selects trio to fill in for ailing CEO; shares dive
NEW YORK (Reuters) – Valeant Pharmaceuticals International Inc on Monday said a group of company executives will immediately take over for its chief executive officer until he returns from medical leave, news that sent its shares tumbling 10 percent.
