Nelson Peltz’s Trian takes $2.5 billion stake in General Electric
(Reuters) – Activist investor Nelson Peltz’s fund has bought a $2.5 billion stake in General Electric Co, adding fresh pressure on the U.S. conglomerate to pull off its plan to shift away from finance operations toward its industrial roots.
Historic Pacific trade deal faces skeptics in Congress
ATLANTA (Reuters) – Twelve Pacific Rim countries on Monday reached the most ambitious trade pact in a generation, aiming to liberalize commerce in 40 percent of the world’s economy in a deal that faces skepticism from U.S. lawmakers.
DuPont CEO Kullman steps down, veteran exec Breen named interim CEO
(Reuters) – DuPont Chief Executive Ellen Kullman is stepping down this month and will be replaced temporarily by board member and veteran U.S. executive Edward Breen, who oversaw the break-up of conglomerate Tyco International.
Wall Street rises as investors eye rate hike delay, oil up
(Reuters) – U.S. stocks jumped on Monday, with the S&P 500 rising for the fifth day in a row, as rising oil prices boosted energy stocks and investors bet the Federal Reserve would not raise interest rates this year.
American Apparel files for bankruptcy, operations to continue
(Reuters) – American Apparel Inc, known as much for its sexually charged advertising and controversial founder as for its fashion offerings, filed for Chapter 11 bankruptcy protection on Monday.
Alaska to be hit by Shell’s decision to halt oil exploration: Moody’s
SAN FRANCISCO (Reuters) – Royal Dutch Shell Plc’s decision last week to walk away from its $7 billion drilling effort in the Alaska Arctic could have a negative impact on the state’s already struggling economy, Moody’s said in a note released on Monday…
Fed extends comment period for Goldman plan to buy part of GE Capital Bank
WASHINGTON (Reuters) – The Federal Reserve on Monday announced it was extending through Oct 30 the public comment period for an application by U.S. banking giant Goldman Sachs Group Inc to acquire assets and liabilities from GE Capital Bank .
VW has no evidence against suspended top engineers: source
BERLIN (Reuters) – Volkswagen has not found any evidence against three top engineers suspended as part of its internal investigation into the rigging of U.S. emissions tests, a source close to the company’s supervisory board told Reuters on Monday.
U.S. says BP to pay $20 billion in fines for 2010 oil spill
BP Plc will pay more than $20 billion in fines to resolve nearly all claims from its deadly Gulf of Mexico oil spill five years ago, marking the largest corporate settlement of its kind in U.S. history, Attorney General Loretta Lynch said on Monday.
Airbus faces A380 test as Singapore weighs lease renewal: banker
PRAGUE (Reuters) – Airbus faces a double test of confidence in the A380 superjumbo in the coming months as Singapore Airlines ponders whether to renew its first lease while the planemaker seeks to bolster new sales, a leading industry banker said.
