China bans big shareholders from cutting stakes for next six months
SHANGHAI (Reuters) – China’s securities regulator took the drastic step of ordering shareholders with stakes of more than 5 percent from selling shares for the next six months in a bid to halt a plunge in stock prices that is starting to roil global fi…
Exclusive: Lockheed, Textron final suitors for Sikorsky Aircraft – sources
WASHINGTON/NEW YORK (Reuters) – Lockheed Martin Corp and Textron Inc have emerged as final contenders to buy United Technologies Corp’s Sikorsky Aircraft business, which could be valued at around $8 billion, according to people familiar with the matter…
NYSE shut down for nearly four hours by technical glitch
NEW YORK (Reuters) – The New York Stock Exchange was forced to suspend trading for several hours on Wednesday in the biggest outage to hit a U.S. financial market in nearly two years, unnerving investors already rattled by the meltdown in Chinese stock…
Wall St. sharply lower on China fears
(Reuters) – U.S. stocks ended sharply lower on Wednesday as market turmoil in China eclipsed Greece’s debt crisis, while the New York Stock Exchange suffered a major outage.
Microsoft hangs up on Nokia business, to cut 7,800 jobs
(Reuters) – Microsoft Corp said on Wednesday it would cut 7,800 jobs, or nearly 7 percent of its workforce, and write down about $7.6 billion related to its Nokia phone business.
VietJet Air signs deals in Washington with three U.S. firms
HANOI (Reuters) – Vietnam’s VietJet Air agreed on Wednesday to explore the possibility of buying airplanes from Boeing Co as it signed deals with two other U.S. companies to supply parts and finance for planes built by its European rival Airbus .
GM recalls Hummer models after fires burn three people
DETROIT (Reuters) – General Motors Co is recalling nearly 200,000 older model Hummer SUVs, mainly in the United States, to fix problems that have led to 42 vehicle fires and three people being burned, the company said on Wednesday.
Greece seeks new EU loan deal in race to avert collapse
STRASBOURG/BRUSSELS (Reuters) – A race to save Greece from bankruptcy and keep it in the euro gathered pace on Wednesday when Athens formally applied for a three-year loan and European authorities launched an accelerated review of the request.
Exclusive: Greek banks face closures, bailout or not – sources
FRANKFURT (Reuters) – Some large Greek banks may have to be shut and taken over by stronger rivals as part of a restructuring of the sector that would follow any bailout of the country, European officials have told Reuters.
Barclays Chairman McFarlane axes CEO
LONDON (Reuters) – Barclays Chairman John McFarlane has fired the British bank’s chief executive after he had lost the support of non-executive directors in a clash over style and the pace of the bank’s turnaround.
