Who’s calling Avon? Shares spike on mystery takeover bid
(Reuters) – Shares of Avon Products Inc soared as much as 20 percent after an apparently non-existent firm incorporated in a remote archipelago in the Indian Ocean offered to buy the cosmetics company for almost three times its market value.
Macquarie-led group pays $1.6 billion for Crown Castle wireless towers
SYDNEY (Reuters) – Macquarie Group Ltd , Australia’s top investment bank, said it jointly bought the country’s largest owner of mobile telephone towers from a business owned by U.S. wireless infrastructure giant Crown Castle International Corp .
No class action vs. Morgan Stanley alleging Detroit predatory lending
NEW YORK (Reuters) – A federal judge in Manhattan on Thursday refused to let thousands of Detroit homeowners sue Morgan Stanley as a group for allegedly pushing a subprime lender into making risky loans they could not afford.
U.S. voids interest-rigging settlement with UBS: WSJ
(Reuters) – The U.S. Justice Department has voided a 2012 settlement with UBS AG related to interest-rate rigging, the Wall Street Journal reported on Thursday.
SEC a stumbling block in banks’ forex guilty pleas: sources
NEW YORK (Reuters) – Banks want assurances from U.S. regulators that they will not be barred from certain businesses before agreeing to plead guilty to criminal charges over the manipulation of foreign exchange rates, causing a delay in multi-billion-d…
Who’s calling Avon? Shares spike on mystery takeover bid
(Reuters) – Shares of Avon Products Inc soared as much as 20 percent after an apparently non-existent firm incorporated in a remote archipelago in the Indian Ocean offered to buy the cosmetics company for almost three times its market value.
Pimco equities chief Maisonneuve leaving firm as funds close
(Reuters) – Pimco’s global equities Chief Investment Officer Virginie Maisonneuve is leaving after less than a year and a half as the bond investment giant narrows its stock-investing focus, it said on Thursday.
Brazil prosecutors say Petrobras scheme moved $2.1 billion in bribes
SAO PAULO (Reuters) – Brazilian investigators believe 6.19 billion reais ($2.1 billion) in bribes were moved in a corruption scheme involving state-run oil firm Petroleo Brasileiro SA , prosecutor Deltan Dallagnol said on Thursday.
S&P 500 ends at record high as dollar loses ground
(Reuters) – U.S. stocks ended sharply stronger on Thursday and the S&P 500 closed at a record high as investors worried less about interest rates and a weaker dollar offered the possibility of stronger sales for U.S. multinationals.
GM wins dismissal of UAW retiree benefit lawsuit appeal
(Reuters) – A U.S. appeals court on Thursday upheld the dismissal of a lawsuit by the United Auto Workers union claiming that General Motors Co was required to pay $450 million to cover medical benefits for an affiliate’s retirees.
