Exclusive: Lockheed to buy United Tech’s Sikorsky for over $8 billion
WASHINGTON (Reuters) – Lockheed Martin Corp has agreed to buy United Technologies Corp’s Sikorsky Aircraft for over $8 billion, two sources said on Sunday, cementing a deal that would confirm Lockheed’s dominance in weapons making and giving the Black …
Canadian boutique adviser INFOR expands reach with acquisition
TORONTO (Reuters) – Boutique advisory firm INFOR Financial Group said on Sunday it agreed to buy the Canadian operations of U.S. underwriting services provider Incapital Holdings, boosting its presence in the Canadian investment banking market.
In Greek crisis, one big unhappy EU family
BRUSSELS (Reuters) – The latest paroxysm of Greece’s debt crisis has exposed growing rifts in the euro zone which, unless addressed soon, could lead to the break-up of European monetary union, the EU’s most ambitious project.
Manage, meddle or magnify? China’s corporate debt threat
HONG KONG (Reuters) – Beijing may have averted a crisis in its stock markets with heavy-handed intervention, but the world’s biggest corporate debt pile – $16.1 trillion and rising – is a much greater threat to its slowing economy and will not be so ea…
Greek banks to re-open Monday as Tsipras eyes new start
ATHENS (Reuters) – The Greek government ordered banks to open on Monday, three weeks after they were shut down to prevent the system collapsing under a flood of withdrawals, as Prime Minister Alexis Tsipras looked to the start of new bailout talks next…
China must learn lessons from stock market rout: vice finance minister
LONDON (Reuters) – China must learn lessons from its stock market rout, the country’s vice finance minister said on Saturday, signaling his intent to focus on supervision and the development of new frameworks to make it possible to weather any future m…
Investors hope tech giants repeat Google surge
NEW YORK (Reuters) – Google Inc’s strong quarterly results, which unleashed a massive surge in its shares on Friday, has investors feeling upbeat heading into next week’s tech-heavy slate of earnings reports.
Regulators to seek penalty on Toshiba for false accounting: Nikkei
TOKYO (Reuters) – Japan’s financial watchdog plans to seek a financial penalty on Toshiba Corp , currently being investigated by an independent committee over accounting irregularities, the Nikkei reported on Saturday.
JPMorgan reaches $388 million settlement in mortgage securities case
(Reuters) – JPMorgan Chase & Co agreed to pay $388 million to settle a suit by investors claiming that the largest U.S. bank had misled them about the safety of $10 billion worth of residential mortgage-backed securities it sold before the financial crisis.
Google propels Nasdaq to another record high close
(Reuters) – A major rally in Google pushed the Nasdaq to a second straight record high on Friday while weak energy stocks weighed on the Dow and S&P 500.
