France’s Faurecia explores sale of bumpers business: Bloomberg
(Reuters) – France’s Faurecia SA is set to explore a sale of its bumpers business, which may be worth about $450 million, Bloomberg reported on Monday, citing sources.
Morgan Stanley beats estimates as trading revenue jumps
(Reuters) – Morgan Stanley reported a stronger-than-expected second-quarter profit as its bond and equities trading businesses handily outperformed those of its Wall Street rivals.
Fed proposes two-phase roll out of GE Capital regulations
WASHINGTON (Reuters) – The Federal Reserve on Monday issued a final plan to apply new regulations to General Electric Capital Corp. , agreeing to apply its rules in two phases as the company sells off parts of its sprawling business.
Halliburton secures $500 million to fund drilling in old wells
(Reuters) – Halliburton Co said it had tapped BlackRock Inc for $500 million to help fund drilling in existing shale wells, the first such move by a major oilfield services provider at a time when oil producers are shying away from drilling new wells.
Fed to adopt new capital surcharges for eight largest U.S. banks
WASHINGTON (Reuters) – The Federal Reserve will meet on Monday to adopt a new rule for the eight largest U.S. banks to hold more equity capital, amid fears on Wall Street that the measure may make it less profitable.
Greece reopens banks, starts repaying some debts
ATHENS (Reuters) – Greece reopened its banks and ordered billions of euros owed to international creditors to be repaid on Monday in the first signs of a return to normal after last week’s deal to agree a tough new package of bailout reforms.
Pearson exploring sale of Financial Times: Bloomberg
LONDON (Reuters) – British publisher Pearson is exploring the sale of its Financial Times newspaper after receiving interest from potential buyers, Bloomberg reported on Monday, citing people familiar with the matter.
PayPal returns to market with $52 billion valuation
(Reuters) – PayPal Holdings Inc shares jumped as much as 11 percent in their highly anticipated return to the Nasdaq after more than a decade in eBay Inc’s fold, valuing the digital payment processor at about $52 billion.
Blackstone, Corsair clinch $4 billion deal for First Eagle
(Reuters) – Private equity firms Blackstone Group LP and Corsair Capital have agreed to acquire a majority stake in First Eagle Investment Management, valuing the company at around $4 billion including debt, First Eagle announced on Monday.
Spanish judge asks EU top court for key Uber ruling
BRUSSELS/PARIS (Reuters) – A Spanish judge has asked Europe’s top court if online taxi-hailing app Uber is a “mere transport service” or a digital service, as the U.S. start-up claims, in a case that could set a precedent for legal battles across the c…
