Exclusive: Toshiba tries to sell down $7 billion U.S. gas commitment
TOKYO/MILAN (Reuters) – Japan’s Toshiba, struggling with a major accounting scandal, is trying to sell down a $7.4 billion commitment to U.S. liquefied natural gas (LNG), which it signed two years ago as part of a plan to sweeten sales of turbines for …
Cabin crew to go on strike at Frankfurt airport
BERLIN (Reuters) – German cabin crew union set out its plans for strike action at Lufthansa over the next three days, starting with walkouts at the airline’s main hub of Frankfurt, plus Duesseldorf on Friday.
Pfizer-Allergan deal would set up U.S. company for a split
(Reuters) – A Pfizer Inc merger with Ireland-based Allergan , in addition to providing tax benefits, would bolster the U.S. drugmaker’s growth prospects should it decide to sell or spin off its portfolio of products that have gone off patent.
After big spending and hard lobbying, Pfizer eyes new tax home
WASHINGTON (Reuters) – Pfizer Chief Executive Ian Read, who has been lobbying Congress regularly for a corporate tax cut, is trying for the second time in as many years to do a deal with a foreign company that could produce the savings he has been unab…
Toyota won’t use Takata inflators made with ammonium nitrate: CEO
TOKYO (Reuters) – Toyota Motor Corp won’t buy air bag inflators made by Takata Corp that use ammonium nitrate as a propellant but will consider buying other types if they are confirmed safe, President Akio Toyoda said on Friday.
DoubleLine’s Gundlach says Fed should not raise rates in December
NEW YORK (Reuters) – DoubleLine Capital co-founder Jeffrey Gundlach, widely followed for his investment calls, warned on Thursday that the U.S. Federal Reserve should not raise rates in December as economic and financial conditions have become vulnerab…
Feeling ignored, Fed jolts markets to prime them for lift-off
NEW YORK/SAN FRANCISCO/WASHINGTON (Reuters) – When the U.S. Federal Reserve tweaked its policy statement last week and put a December rate rise squarely back in play, it took a calculated gamble that reaching for an old and controversial policy tool wo…
Greece approves reform bill, eyes bailout tranche
ATHENS(Reuters) – Greece’s parliament approved early Friday a bill with reforms prescribed by the country’s international lenders, ahead of a euro zone finance ministers meeting in three days which will decide if Athens qualifies for fresh bailout fund…
Exclusive: Fed faces challenge of how to justify possible slowdown in jobs growth – Bullard
ST. LOUIS (Reuters) – The Federal Reserve has been struggling to convince investors it is about to raise interest rates and now faces the risk that a likely slowdown in job growth will be interpreted as a downturn in the broader economy that will cause…
Disney profit rises with gains at cable networks
(Reuters) – Walt Disney Co reported higher quarterly profit that beat Wall Street forecasts as cable networks including ESPN brought in higher advertising revenue and collected more fees from pay TV distributors.
