Western retail giants restrict travel to Bangladesh after attacks
DHAKA (Reuters) – Business executives from global clothing giants H&M Inditex and Gap have canceled trips to Dhaka this month after the killings of two foreigners, industry sources said, causing anxiety for Bangladesh’s $25 billion garment export sector.
Market losses, low yields sideswipe U.S. corporate pensions
NEW YORK (Reuters) – Low interest rates and a U.S. stock market that is still down 2 percent for the year have taken their toll on corporate America’s pension plans.
Australia regulator throws Brookfield’s $6.5 billion Asciano buyout into doubt
SYDNEY (Reuters) – An Australian regulator raised antitrust concerns over a planned $6.5 billion takeover by Canada’s Brookfield Asset Management of freight firm Asciano Ltd , potentially jeopardizing the country’s biggest inbound deal in four years.
Carlyle fires Indonesia dealmaker charged in Singapore insider trading: source
SINGAPORE/HONG KONG (Reuters) – Private equity firm Carlyle Group LP fired its top dealmaker in Indonesia after the banker was fined by Singapore’s financial regulator in an insider trading case, a source with direct knowledge of the decision told Reut…
Northrop Grummman names COO, streamlines business units
WASHINGTON (Reuters) – Northrop Grumman Corp on Wednesday named the head of its electronic systems sector as chief operating officer and said it would streamline its business sectors from four to three to better align with the U.S. Defense Department’s…
GE loan book helps Wells Fargo report first profit rise in three quarters
(Reuters) – Wells Fargo & Co , the biggest U.S. residential mortgage lender, reported a rise in quarterly profit for the first time in three quarters on Wednesday, helped by its purchase of commercial loans from General Electric Co .
Netflix blames weak U.S subscriber adds on new chip-based cards
(Reuters) – Video-streaming service provider Netflix Inc reported third-quarter U.S. subscriber additions below its own forecast, blaming an ongoing transition to chip-based cards for the miss.
Albertsons to postpone IPO until market improves: source
(Reuters) – U.S. grocery retailer Albertsons Companies Inc plans to delay its initial public offering beyond Thursday, until market conditions become more favorable, according to a person familiar with the matter.
Wall St. falls after Wal-Mart’s weak forecast; Netflix down after the bell
(Reuters) – U.S. stocks fell on Wednesday as Wal-Mart Stores Inc skidded after issuing a weak profit forecast and as JPMorgan Chase & Co slipped on disappointing results.
BofA’s cost cuts cushion blow from weak rates, muted trading
(Reuters) – Bank of America Corp reported a profit for the third quarter, compared with a year-earlier loss, as Chief Executive Brian Moynihan’s cost-cutting efforts helped the bank mitigate the impact of weak revenue in three of its four main business…
