Deutsche Bank CEOs ask for support as cost cuts loom
FRANKFURT (Reuters) – Deutsche Bank’s two chief executives faced down a storm of shareholder criticism on Thursday by conceding that their performance had fallen short and asking the bank’s owners for continued backing as they cut costs and reshape strategy.
Goldman Sachs asks shareholders to ‘like’ tech push in San Francisco
SAN FRANCISCO (Reuters) – In Goldman Sachs Group Inc’s latest move to bolster its street cred as a cool, tech-savvy bank, it is holding its annual shareholder meeting in San Francisco on Thursday.
Small food makers on fast path to U.S. store shelves, threatening big producers
NEW YORK (Reuters) – Small U.S. food manufacturers once toiled for decades to develop a critical mass of fans for their products. Now, an increasing number of privately-held players are going from garage to grocery store in fewer than five years thanks…
Fed officials see June rate hike as unlikely: minutes
WASHINGTON (Reuters) – Federal Reserve officials believed it would be premature to hike interest rates in June even though most felt the U.S. economy was set to rebound from a dismal start to the year, according to minutes from their April policy meeti…
China’s aviation regulator to hold foreign airlines to new safety rules
(This May 20 story has been corrected to fix language throughout)
BP settles oil spill-related claims with Halliburton, Transocean
(Reuters) – BP Plc has settled with oilfield services provider Halliburton Co and contract driller Transocean Ltd cross claims related to the 2010 Gulf of Mexico oil spill, the worst offshore disaster in U.S. history.
Japan May flash manufacturing PMI back in expansion territory as orders pick up
TOKYO (Reuters) – Japanese manufacturing activity rebounded modestly in May as output and new orders picked up, suggesting a much-needed improvement in demand at home and abroad.
China confident of meeting 2015 GDP target of around 7 percent: premier
SHANGHAI (Reuters) – Premier Li Keqiang said he was confident China has the ability to meet its 2015 economic growth target of around 7 percent, the official news agency Xinhua said on Thursday.
Takata air bag recall could take years to complete
DETROIT (Reuters) – Takata Corp’s record U.S. recall of potentially deadly air bag inflators could take years to complete, industry experts and safety advocates said, as automakers scrambled to line up replacement parts, some not from Takata.
CVS nears deal to buy Omnicare for more than $12 billion: sources
(Reuters) – CVS Health Corp , the second-largest U.S. drugstore operator, is nearing a deal to buy pharmacy service provider Omnicare Inc for more than $12 billion, according to two people familiar with the matter.
