Central bank cavalry can no longer save the world
LIMA (Reuters) – In 2008 central banks, led by the Federal Reserve, rode to the rescue of the global financial system. Seven years on and trillions of dollars later they no longer have the answers and may even represent a major risk for the global econ…
Mexico expects first results in Volkswagen probe in three months
MEXICO CITY (Reuters) – Mexico expects preliminary findings from a probe into Volkswagen’s compliance with emissions standards within three months, the environment minister said on Friday, adding the review will include gasoline-fueled cars as well as …
Dell to use VMware to help pay for EMC deal: sources
(Reuters) – Dell Inc is planning to use equity in cloud software company VMware Inc to help pay for its acquisition of EMC Corp in a deal valuing the data storage company at more than $55 billion, according to people familiar with the matter.
China concerns leave central banks in difficult spot
LONDON (Reuters) – The coming week will provide clues on whether the global economy is escaping from its lackluster growth rut, amid growing concerns of another downturn which central banks have few tools left to fight.
JPMorgan again wins dismissal of whistleblower lawsuit in U.S
NEW YORK (Reuters) – JPMorgan Chase & Co on Friday won the dismissal of a U.S. whistleblower lawsuit filed by a former vice president who claimed the bank ignored red flags about a client’s potential fraud, even after authorities exposed the massive Ponzi scheme operated by longtime JPMorgan client Bernard Madoff.
Dell to use VMware to help pay for EMC deal: sources
(Reuters) – Dell Inc is planning to use equity in cloud software company VMware Inc to help pay for its acquisition of EMC Corp in a deal valuing the data storage company at more than $55 billion, according to people familiar with the matter.
Bombardier in talks with North American airlines on CSeries jet orders
TORONTO/PARIS (Reuters) – Canada’s Bombardier Inc said on Friday it is in advanced discussions to sell its new CSeries jet to airlines in North America, without identifying the prospective buyers.
Ferrari’s U.S. IPO to raise as much as $900 million
(Reuters) – Italian sports car maker Ferrari’s U.S. IPO is expected to raise as much as $900 million at the planned price range of $48-$52 per share.
Exclusive: GE nears deal to sell over $30 billion of loans to Wells Fargo – source
(Reuters) – General Electric Co is in advanced talks to sell a specialty finance portfolio, worth more than $30 billion, to Wells Fargo & Co , according to a person familiar with the matter, as the industrial conglomerate returns to its roots.
Twitter plans layoffs next week: Re/code
(Reuters) – Twitter Inc is planning company-wide layoffs next week, technology news website Re/code reported on Friday, citing sources.
