GM CEO Barra says Fiat Chrysler chief sent email on possible merger
DETROIT (Reuters) – General Motors Co Chief Executive Officer Mary Barra said on Tuesday that Fiat Chrysler Automobiles NV CEO Sergio Marchionne sent an email proposing a potential merger, and that GM’s board gave “strong support” to her strategy of go…
Lululemon shares jump after profit, revenue forecasts raised
(Reuters) – Lululemon Athletica Inc shares jumped on Tuesday after the Canadian yogawear retailer raised its full-year outlook, further evidence it is regaining its footing following a high-profile 2013 recall of overly sheer yoga pants.
Prosecutors search Deutsche Bank offices for client transaction evidence
FRANKFURT (Reuters) – German prosecutors have raided Deutsche Bank offices in Frankfurt in a search for evidence related to client securities transactions, as Germany’s largest lender struggles to break free of regulatory issues that contributed to an …
Exclusive: Henkel, Coty submit binding bids for P&G assets
(Reuters) – Henkel & Co KGaA AG and Coty Inc, both of which have personal care and cosmetics businesses, made binding offers to buy separate parts of Procter & Gamble Co’s beauty businesses worth up to a total of $12 billion, according to people familiar with the matter.
Oil gains on driving season demand, China stimulus hopes
LONDON (Reuters) – Oil prices gained on Tuesday as higher seasonal demand in developed economies offset the impact of a large global supply overhang.
U.S. rate prospects spook global stocks, dollar on defensive
LONDON (Reuters) – European shares followed Asian stocks lower on Tuesday as speculation intensified that the U.S. Federal Reserve could raise interest rates sooner than many expect, though this failed to give the dollar a significant boost.
EU Commission receives new Greek reform proposal
BRUSSELS (Reuters) – The European Commission has received a new proposal from Greece for reforms that could unlock new funding from the cash-strapped country and is now assessing it, an EU official said on Tuesday.
Fiat Chrysler CEO asks investors for help persuading GM to merge: WSJ
(Reuters) – Fiat Chrysler Automobiles NV’s Chief Executive Officer Sergio Marchionne is reaching out to hedge funds and activist investors to help persuade General Motors Co to agree to a merger, the Wall Street Journal reported, citing people familiar…
Apple muscles into streaming music market
SAN FRANCISCO (Reuters) – Apple launched Apple Music on Monday, a $9.99-a-month streaming music service that may not differ dramatically from competitors but comes with Apple’s deep music roots, global brand and hundreds of millions of iTunes customers…
Qatar Airways CEO sees no need for concessions to U.S. airlines
MIAMI (Reuters) – Qatar Airways Chief Executive Akbar Al Baker said on Monday he saw no reason for Middle Eastern governments to propose any changes to transportation policy in response to U.S. airlines that allege unfair competition from Gulf carriers…
