Barclays to cut more investment banking jobs: source
(Reuters) – Barclays Plc plans to cut more jobs in its investment banking unit, a source familiar with the matter said, as the British bank steps up efforts to slash costs and boost profit.
Pepperidge Farm sues Trader Joe’s over Milano cookie
(Reuters) – A Trader Joe’s cookie has left a bad taste in Pepperidge Farm’s mouth.
Exclusive: Hawkins and Sawiris forge investment partnership, with Adidas in sights
LONDON/BERLIN (Reuters) – Egyptian tycoon Nassef Sawiris has formed a partnership with U.S. investor Mason Hawkins and his colleagues at Southeastern Asset Management to drive change at companies they invest in – and they have sportswear firm Adidas in…
Samsung to finally pay Apple $548 million in patent dispute
NEW YORK (Reuters) – Samsung fought until the bitter end to avoid paying Apple, but the company now says it will finally hand over the more than $548 million it owes for infringing the patents and designs of its biggest smartphone rival.
Madoff trustee begins $1.19 billion payout to victims
NEW YORK (Reuters) – The trustee liquidating Bernard Madoff’s firm on Friday began distributing another $1.19 billion to victims of the swindler’s Ponzi scheme.
Porsche to spend $1 billion on new electric car plant, create jobs
BERLIN (Reuters) – Porsche will spend about 1 billion euros ($1.09 billion) on production facilities at its biggest plant to make its first-ever all-electric sports car.
Chipmakers look to autos for demand, deals and disruption
BERLIN (Reuters) – Faltering demand in computer and phone markets, once semiconductor industry mainstays, have fueled a year-long merger wave as firms look to formerly unloved areas like auto electronics for sales growth. Big consumer chipmakers who on…
EU scraps derivatives case vs 13 banks, continues Markit, ISDA probe
BRUSSELS (Reuters) – EU antitrust regulators have dropped charges against 13 banks including Citigroup and Deutsche Bank for blocking exchanges from derivatives markets, but will continue their case against data company Markit and trade body ISDA.
Finland’s Nokia closes maps unit sale to German car makers
HELSINKI (Reuters) – Finland’s Nokia on Friday said it had completed the sale of its navigation business HERE to German car makers BMW , Audi and Mercedes .
U.S. trade deficit widens as exports hit three-year low
WASHINGTON, Dec 4 (Reuters) – – The U.S. trade deficit widened unexpectedly in October as exports fell to a three-year low, suggesting that trade could again weigh on economic growth in the fourth quarter.
