Greece awaiting ECB consent to reopen stock market
ATHENS (Reuters) – Greece is waiting for the green light from the European Central Bank on plans it has submitted to reopen the Athens stock market after a month-long shutdown, two regulatory sources said on Tuesday.
Cessna jets maker Textron’s revenue falls on fewer deliveries
(Reuters) – Textron Inc , the maker of Beechcraft and Cessna planes, reported lower-than-expected quarterly revenue as it delivered fewer King Air Turboprops and Bell helicopters.
As Fed approaches rate hike, job growth shifts away from oil patch
TULSA, Oklahoma (Reuters) – The rebound in U.S. jobs, limited in the early part of the recovery to a handful of booming industries such as oil, has broadened across the country as old-line industrial areas such as Michigan and sun belt hubs like Florid…
Stocks rebound, shrugging off volatile and weak China
LONDON (Reuters) – Stocks rose on Tuesday, with Europe snapping a five-day losing streak as investors shrugged off further weakness in commodity markets and Chinese shares to focus on more encouraging merger activity and earnings.
German ‘wisemen’ say euro zone states should be able to go bankrupt
BERLIN (Reuters) – The German government’s panel of independent economic advisers favors the creation of a sovereign insolvency mechanism for euro zone states to prevent future crises and says countries should be able to leave the currency bloc as a la…
Hikma to buy Boehringer’s U.S. generics unit for $2.65 billion
(Reuters) – Hikma Pharmaceuticals Plc said it would buy German drugmaker Boehringer Ingelheim’s U.S. specialty generic drugs business for about $2.65 billion in cash and stock to bolster its presence in the United States.
GM, China’s SAIC will develop small vehicles for emerging markets
DETROIT (Reuters) – General Motors Co said on Tuesday it will invest $5 billion over the next several years to develop with its Chinese partner a new family of Chevrolet vehicles aimed at fast-growing emerging markets, in the process offering investors…
P&G to name David Taylor CEO: WSJ
(Reuters) – Procter & Gamble Co will replace Chief Executive A.G. Lafley with company veteran David Taylor in a widely expected appointment that could be announced as soon as Thursday, the Wall Street journal reported.
Teva to buy Allergan generic business for $40.5 billion, drops Mylan bid
TEL AVIV (Reuters) – Israel’s Teva Pharmaceutical Industries will pay $40.5 billion in cash and stock for Allergan’s generic drugs business, solidifying Teva’s position as the world’s No. 1 maker of generics while freeing Allergan to focus on branded drugs, paying down debt and potential “transformational” acquisitions.
Fiat Chrysler could spend billions to buy back unrepaired trucks
DETROIT (Reuters) – Fiat Chrysler Automobiles could pay billions of dollars to buy back defective trucks as part of a settlement with U.S. safety regulators, but has the option to recover costs by reselling vehicles once they are repaired.
