BBA Aviation proposes to buy Landmark Aviation for $2.07 billion
(Reuters) – British aircraft services company BBA Aviation Plc said it proposed to buy U.S. competitor Landmark Aviation [LNDAV.UL] for $2.065 billion, a deal that would make the combined entity the biggest fixed-base operator in the world.
Retailer Esprit swings to loss as China, weak euro weigh
HONG KONG (Reuters) – Clothing retailer Esprit Holdings Ltd swung to a loss for the year ended June, weighed down by a slowdown in China and a weak euro, and said its retail sales area may shrink this year due to store closures or downsizing of unprofi…
Glencore’s Zambian unit plans to cut more than 3,800 jobs: government sources
LUSAKA (Reuters) – Glencore’s Zambian unit Mopani Copper Mines (MCM) has notified the government that it plans to lay off more than 3,800 workers due to lower metal prices and high production costs, government sources said.
Volkswagen needs to explain away software to avoid criminal charges, experts say
NEW YORK/WASHINGTON (Reuters) – Volkswagen AG will probably have to show there was some legitimate reason to install software that led to false vehicle emissions tests if it is to avoid U.S. criminal charges, lawyers said on Tuesday.
Fed delay could spur more debt issues to fund share buybacks
NEW YORK (Reuters) – A record year for debt-funded stock buybacks may soon become even more rewarding for shareholders.
U.S. holiday season in 2015 could be weakest since recession: AlixPartners
NEW YORK (Reuters) – Upper middle-class shoppers spooked by a whipsawing stock market and shoppers waiting till the last minute for the best deals could result in the weakest U.S. holiday sales season for retailers since the recession, AlixPartners sai…
Volkswagen says 11 million cars hit by scandal, probes multiply
BERLIN (Reuters) – Volkswagen AG said a scandal over falsified U.S. vehicle emission tests could affect 11 million of its cars around the globe as investigations of its diesel models multiplied, heaping fresh pressure on CEO Martin Winterkorn.
Exclusive: Citrix in last-ditch attempt to sell itself – sources
(Reuters) – Citrix Systems Inc, the U.S. cloud computing company targeted by activist hedge fund Elliott Management, is making a final attempt to sell itself as a whole before it embarks on asset sales, according to people familiar with the matter.
Futures speculators guess right on U.S. Fed rate hold
NEW YORK (Reuters) – At least one group of speculative investors threw caution to the wind last week and bet big that the U.S. Federal Reserve would not end its near-zero interest rate policy.
Volkswagen needs to explain away software to avoid criminal charges, experts say
NEW YORK/WASHINGTON (Reuters) – Volkswagen AG will probably have to show there was some legitimate reason to install software that led to false vehicle emissions tests if it is to avoid U.S. criminal charges, lawyers said on Tuesday.
