Quebec to fund its CSeries stake via annual borrowing program
MONTREAL (Reuters) – The Quebec government said on Monday its $1 billion investment in a partnership with Bombardier Inc that is aimed at completing the company’s CSeries jet program will be financed through the government’s annual borrowing program.
Wall St. surges over 1 percent, looks past Paris attacks
(Reuters) – Wall Street had its strongest session in three weeks on Monday, with sizeable gains in energy shares as investors bet Friday’s deadly attacks in Paris would have little long-term impact on the U.S. economy and corporate earnings.
U.S. congressman seeks interviews with Valeant employees tied to Philidor
WASHINGTON (Reuters) – The top Democrat on a U.S. House of Representatives investigative panel is requesting interviews with a handful of executives at Valeant Pharmaceuticals International who were directly involved in the operations of specialty phar…
GE, Textron plan to develop new turboprop engine, plane
LAS VEGAS (REUTERS) – – GE Aviation said on Monday it had teamed up with Textron to produce an all-new turboprop aircraft and engine for the general aviation market, part of an effort GE expects will generate more than $1 billion in annual sales of eng…
U.S. close to finalizing rules on banker bonus pay: OCC
NEW YORK (Reuters) – U.S. regulators are hoping to finalize rules for banker bonuses in the “near term,” said Molly Scherf, deputy controller for large banks at the Office of the Comptroller of the Currency.
ITG chair to step down after activist pressure, SEC fine
NEW YORK (Reuters) – Investment Technology Group , which recently paid a record fine related to its “dark pool” trading venue, said on Monday the chair of its board, as well as a board director, would step down as the brokerage transitions to new leade…
Daussault says delayed 5X jet schedule should be clear in early 2016
LAS VEGAS (Reuters) – Dassault Aviation said on Monday it expects to announce early next year a new testing and production schedule for its Falcon 5X business jet, which has been delayed by problems with engines supplied by Snecma.
Marriott to buy Starwood to create world’s biggest hotel chain
(Reuters) – Marriott International Inc will buy Starwood Hotels & Resorts Worldwide Inc for $12.2 billion to create the world’s largest hotel chain with top brands including Sheraton, Ritz Carlton and the Autograph Collection.
U.S. regulators invite applications from would-be Takata monitors
WASHINGTON (Reuters) – U.S. auto safety regulators on Monday invited outside companies and individuals to apply for the job of independent monitor for the massive recall of Takata Corp air bag inflators.
Detroit’s Big Three accelerate plans to build more small cars in Mexico
DETROIT (Reuters) – Detroit’s Big Three automakers are accelerating plans to produce more small cars for the North American market in Mexico as they seek to reduce labor costs, while using higher-paid U.S. workers to build their very profitable trucks, sport utility vehicles and luxury cars.
