AirAsia shares tumble on fears Indonesia affiliate could be grounded
KUALA LUMPUR/JAKARTA (Reuters) – A move by Indonesia to enforce rules on airlines’ finances sent shares in Malaysian budget carrier AirAsia Bhd skidding on Wednesday as investors fretted over whether its Jakarta-based affiliate will be grounded for a l…
Turmoil in China markets roils Asia, yen rallies
TOKYO (Reuters) – Asian shares tumbled to a 1 1/2-year low on Wednesday and the safe-haven yen rallied as Chinese stocks struggled to pull out of a tailspin, shaking investors already rattled by Greece’s debt crisis.
Oil under $60 beyond 2016 suggests market rethinking shale
NEW YORK (Reuters) – The almost 10 percent nosedive in headline oil prices this week has many hallmarks of a shocking but short-lived slump, triggered by a confluence of external events and exacerbated by safety-seeking investors and momentum-chasing t…
Euro zone gives Greece until Sunday for debt deal
BRUSSELS (Reuters) – Euro zone members have given Greece until the end of the week to come up with a proposal for sweeping reforms in return for loans that will keep the country from crashing out of Europe’s currency bloc and into economic ruin.
JPMorgan to add 1,000 jobs, keep 2,600 in New Jersey
(Reuters) – JPMorgan Chase & Co will create 1,000 jobs and retain over 2,600 workers in Jersey City, and invest more than $76 million in New Jersey under a state tax credit program.
Symantec in talks to sell Veritas storage unit to Carlyle: source
(Reuters) – Software security company Symantec Corp is in talks to sell its Veritas data storage business to private equity firm Carlyle Group LP , a person familiar with the matter said on Tuesday.
Corzine, others settle MF Global lawsuit for $64.5 million
NEW YORK (Reuters) – Jon Corzine and other former MF Global Holdings Ltd officials have reached a $64.5 million settlement of litigation brought by investors seeking to hold them liable for the now-defunct futures brokerage’s 2011 bankruptcy.
Humana, Aetna set termination fees for deal
(Reuters) – Health insurer Humana Inc and buyer Aetna Inc set fees to be paid in the event of a failure of the largest deal in the health insurance industry.
PVH’s apparel deal with Trump ends as Macy’s cuts ties with tycoon
(Reuters) – PVH Corp said it would wind down the production of Donald Trump’s menswear after exclusive retail partner Macy’s Inc decided to stop selling his products in protest against racist remarks made by the real estate tycoon.
Wall Street ends stronger after volatile session
(Reuters) – U.S. stocks ended higher after a choppy session on Tuesday, as a rebound in U.S. oil prices helped offset concerns about a slowdown in China and the Greek debt crisis.
