Citi ordered to pay Mercuria $14 million in China metals financing suit: report
NEW YORK (Reuters) – Citigroup Inc has been ordered to pay Swiss-based commodities merchant Mercuria almost $14 million as part of prolonged legal wrangling over Chinese metals financing deals hit by suspected fraud, a report on Wednesday said.
Thomas H. Lee in the lead to buy eBay’s enterprise unit: sources
(Reuters) – Private equity firm Thomas H. Lee Partners LP is in advanced talks to acquire the enterprise business of eBay Inc for close to $1 billion, according to people familiar with the matter.
Aeromexico at heart of Mexico collusion probe – sources
MEXICO CITY/NEW YORK (Reuters) – (This version of the story corrects spelling of unit to Aerolitoral, not Aeroliteral, in eighth paragraph)
EU antitrust regulator accuses MasterCard of excessive fees
BRUSSELS (Reuters) – EU regulators accused MasterCard Inc on Thursday of levying excessive fees when cards issued outside the European Union are used within the bloc, saying they raise the price of goods and services for all.
Anthem, Cigna progressing toward deal: CNBC
(Reuters) – Health insurers Anthem Inc and Cigna Corp were moving ahead to sign a merger deal as Cigna backed down on its differences over governance issues, CNBC tweeted, citing sources.
Volkswagen puts on show of unity as it presents new brand chief
FRANKFURT (Reuters) – Volkswagen told employees on Thursday that new VW brand chief Herbert Diess had been lured by Chief Executive Martin Winterkorn, a political gesture designed to gloss over any signs of rivalry between the two executives as the car…
Nissan to export Rogue for U.S. market from Japan plant
DETROIT (Reuters) – To meet robust U.S. demand for its Rogue small crossover vehicle, Nissan Motor Co said on Thursday it will export the model from Japan to North America, beginning next year.
Fed’s Brainard cites need for biggest U.S. banks to shrink
WASHINGTON (Reuters) – The eight most important U.S. financial institutions may still cast too large of a shadow over the banking system, according to a Federal Reserve official on Thursday, and the firms could realize it’s in the best interest of stak…
U.S. funds not bailing on China yet amid free-fall in stocks
NEW YORK (Reuters) – After almost a month of watching Chinese stocks in free fall, some U.S. fund managers are buying shares at what they consider distressed prices, though they predict continuing volatility – and perhaps more declines – ahead.
PepsiCo profit, revenue beat estimates as higher pricing pays off
(Reuters) – PepsiCo Inc reported better-than-expected quarterly profit and sales and recorded revenue growth in its Americas beverages business for just the second time in nearly four years, helped by higher demand and an increase in prices.
