U.S. regulators seek more concessions to OK Halliburton-Baker Hughes deal
(Reuters) – Halliburton Co and Baker Hughes Inc said U.S. antitrust officials were not satisfied with the concessions they offered to win approval for their proposed merger, and that officials said they would assess further proposals.
Swiss banks to pay $130 million, avoid charges on aiding U.S. tax evasion
(Reuters) – Three Swiss banks, including a unit of France’s Crédit Agricole SA , will pay a total of more than $130 million to the U.S. Justice Department to avoid possible prosecution for helping Americans evade taxes, the department said on Tuesday.
Exclusive: Volkswagen Poland factory funding on hold
LONDON (Reuters) – The European Bank for Reconstruction and Development has put the brakes on 250 million euros of funding it had approved to help build a new Volkswagen factory in Poland, according to two sources at the development bank.
Steadily firming U.S. inflation supports Fed rate hike
WASHINGTON (Reuters) – Underlying U.S. inflation pressures rose in November, which could give the Federal Reserve more confidence to raise interest rates on Wednesday, even as renewed weakness in gasoline prices kept overall consumer prices in check.
Volkswagen to shed 600 temporary jobs at German plant to cut costs
BERLIN (Reuters) – Volkswagen will cut about 600 temporary jobs next year at a factory in Zwickau, Germany, as it seeks to cut costs in the wake of the emission tests scandal, labor representatives said on Tuesday.
Qualcomm decides against breakup, says current structure best
(Reuters) – Qualcomm Inc has decided not to split into separate chipmaking and technology licensing businesses, concluding a six-month strategic review instigated by hedge fund Jana Partners.
Dow, DuPont eye big tax savings in rare merger of equals
NEW YORK (Reuters) – The tax-free treatment of the spin-offs Dow Chemical Co and DuPont plan to carry out after they merge their businesses is a prime driver of the deal, potentially saving tens of billions of dollars, industry experts said.
Exclusive – Cuba’s debt deal: Easy terms, but severe penalties if late again
HAVANA/PARIS (Reuters) – Paris Club creditor nations have forgiven $8.5 billion of Cuba’s $11.1 billion debt and restructured payments on the remainder with easy terms but the deal imposes severe penalties if Cuba falls behind again, according to a cop…
Virgin America to lease 10 new Airbus A321neo aircraft
(Reuters) – Virgin America Inc said on Tuesday it will lease 10 Airbus A321neo planes starting in 2017, a move that could let the low-cost airline add flights from coast to coast in the mainland United States and to Hawaii.
Janet Yellen: An orthodox economist for unorthodox times
WASHINGTON (Reuters) – Janet Yellen is guiding the Federal Reserve towards its first rate rise in a decade armed with traditional economic models that some economists worry could fail her in a world of massive money printing and near zero rates.
