Big business on winning side in U.S. top court’s major rulings
WASHINGTON (Reuters) – Big business was on the winning side in the U.S. Supreme Court’s two major cases of the year, with hundreds of employers pushing hard in favor of gay marriage and the healthcare industry backing the insurance subsidies available …
China central bank eases policy again to support economy
BEIJING (Reuters) – China’s central bank cut lending rates for the fourth time since November and trimmed the amount of cash that some banks must hold as reserves, stepping up efforts to support an economy that is headed for its poorest performance in …
S&P 500 ends down week with flat session, semis fall
NEW YORK (Reuters) – The S&P 500 closed flat on Friday but ended lower for the week, with investors cautious ahead of a meeting in Europe that could decide whether Greece will default on critical loans.
GE to defend Alstom power unit buy at EU hearing
BRUSSELS (Reuters) – General Electric will seek to convince doubtful EU antitrust regulators of the merits of its 12.4 billion euro (US$13.9 billion) bid for Alstom’s power unit at a hearing, the U.S. conglomerate said on Saturday.
Greece’s Tsipras summons cabinet as debt deadline nears
BRUSSELS/ATHENS (Reuters) – Greek Prime Minister Alexis Tsipras summoned an urgent meeting of his cabinet on Friday after euro zone partners warned Athens it had until the weekend to accept a cash-for-reform deal or plunge toward default.
Nestle U.S. chief seeks to turn around frozen food
NEW YORK (Reuters) – Nestle SA thinks it can turn around its U.S. frozen foods business despite recent sales declines driven by consumer perceptions that the products are not healthy, the company’s U.S. chief executive said in an interview.
German regulator says Deutsche Bank CEO misled Bundesbank: FT
FRANKFURT (Reuters) – Deutsche Bank’s co-chief executive Anshu Jain may have “knowingly made inaccurate statements” to Germany’s Bundesbank during investigations into manipulation of the inter-bank rate setting process, the Financial Times reported onl…
Canada’s Element Financial close to GE fleet asset purchase: sources
TORONTO/NEW YORK (Reuters) – Canada’s Element Financial is close to buying a large chunk of General Electric Co’s vehicle fleet-management business in a deal that could be sealed as early as the end of June, three sources familiar with the matter said …
S&P 500 ends down week with flat session, semis fall
NEW YORK (Reuters) – The S&P 500 closed flat on Friday but ended lower for the week, with investors cautious ahead of a meeting in Europe that could decide whether Greece will default on critical loans.
U.S. bankruptcy judge refuses Molycorp request for loan
WILMINGTON, Del. (Reuters) – Molycorp Inc failed to get approval from a U.S. Bankruptcy judge on Friday to borrow about $44 million at the rare earth producer’s first bankruptcy hearing.
