With new auditor, Noble seeks to move on from attacks on accounting practices
SINGAPORE (Reuters) – Noble Group Ltd’s hiring of a second auditor to review its accounts marked a change of heart for a company that has defended its accounting practices for months, but its top brass felt compelled to draw a line under the problem, a…
Wall Street rallies on Greek deal; tech stocks jump
(Reuters) – U.S. stocks finished sharply higher on Monday, with the Dow Jones industrial average re-emerging in positive territory for the year, after euro zone leaders reached a tentative deal to bail out Greece.
Greenlight’s Einhorn says Micron ‘will be worth more than’ Netflix
NEW YORK (Reuters) – Billionaire hedge fund manager David Einhorn said in an investor letter on Monday that chipmaker Micron Technology Inc would be worth more than Netflix Inc within the next few years.
Delta offers to invest in Japan’s bankrupt Skymark Airlines: media
(Reuters) – Delta Air Lines Inc has offered to invest in Japan’s bankrupt Skymark Airlines Inc as part of a restructuring plan for the budget carrier, according to a Japanese media report.
Dewey executives cooked books, ex-finance director says at trial
NEW YORK (Reuters) – Former top executives at defunct law firm Dewey & LeBoeuf, including chairman Steven Davis, conspired to falsify income statements in an attempt to forestall its collapse in 2012, the firm’s former finance director testified Monday.
U.S. companies expected to report worst sales fall in nearly six years
NEW YORK (Reuters) – U.S. companies are expected to report their worst sales decline in nearly six years when they post second-quarter results, giving investors reason to worry about future profits.
Stock market rout another blow to fading ‘Chinese Dream’
CHANGZHOU/WENZHOU, China (Reuters) – About a week after Shanghai’s main stock index broke above 4,000 points in April, the leading newspaper of China’s ruling Communist Party weighed in with patriotic glee.
Japan automakers cling to Indonesia targets as sales speed downhill
JAKARTA (Reuters) – Japanese automakers are sticking to their targets in Indonesia in defiance of the longest sales decline in six years, resorting to steep discounts to entice tight-spending consumers into showrooms that remain stubbornly empty.
Greek PM Tspiras faces party revolt over bailout deal
BRUSSELS/ATHENS (Reuters) – Greece’s leftwing Prime Minister Alexis Tsipras faces a showdown with rebels in his own party on Tuesday furious at his capitulation to German demands for one of the most sweeping austerity packages ever demanded of a euro z…
American to resume Caracas-JFK route; currency dispute unresolved
CARACAS (Reuters) – American Airlines said on Monday it would restart its Caracas-New York route as of Dec. 17, though it added that it had not repatriated more than half a billion dollars in revenue trapped in Venezuela as a result of currency control…
