Spain withdraws permission for Airbus A-400M test flights
MADRID (Reuters) – Spain’s Defence Minister Pedro Morenes said on Tuesday that flight permission for Airbus A-400M planes currently in production in Spain has been temporarily withdrawn until the reasons for Saturday’s fatal crash were determined.
Alibaba rolls out three-hour delivery service for healthcare goods
BEIJING (Reuters) – Chinese online shopping giant Alibaba Group Holding Ltd is rolling out a three-hour delivery service for healthcare goods, mimicking rival JD.com Inc.
Adidas not approached by activist investors: CEO
MUNICH, Germany (Reuters) – Adidas , which has hired advisers to help fend off any potential hostile takeover bid, said it had not been approached by activist investors seeking to build a stake,
Castleton joins oil trade titans with Morgan Stanley deal
NEW YORK (Reuters) – Castleton Commodities International will buy Morgan Stanley’s physical oil business, the largest and oldest on Wall Street, vaulting the Connecticut-based merchant into the big leagues of global crude and fuel traders.
Most midsize SUVs fail tough U.S. crash test
(Reuters) – Most midsize SUVs being crash-tested by a U.S. safety group fared poorly, with the worst performer being the Dodge Journey, which sustained severe structural damages.
U.S. says MetLife too-big-to-fail lawsuit should be dismissed
(Reuters) – The U.S. government on Monday said MetLife Inc’s lawsuit fighting its designation as being systemically important to the economy, often referred to as “too big to fail”, should be dismissed.
Goldman Sachs ordered to pay $80 million plus interest in 2006 case
(Reuters) – Goldman Sachs Inc has been ordered to pay $80 million, plus interest, to the National Australia Bank for breaches associated with the sale of mortgage-linked securities, according to a court filing.
Castleton joins oil trade titans with Morgan Stanley deal
NEW YORK (Reuters) – Castleton Commodities International will buy Morgan Stanley’s physical oil business, the largest and oldest on Wall Street, vaulting the Connecticut-based merchant into the big leagues of global crude and fuel traders.
Fed said to have emergency plan to intervene if U.S. defaulted on debt
WASHINGTON (Reuters) – The Federal Reserve drew up extensive plans for handling a U.S. debt default that included scheduling deferred payments and lending cash to investors, according to a lawmaker who cited Fed documents.
Nomura misled Fannie, Freddie on mortgage bonds, U.S. judge finds
NEW YORK (Reuters) – A U.S. judge on Monday ruled that Nomura Holdings Inc made false statements in selling mortgage-backed securities to Fannie Mae and Freddie Mac ahead of the 2008 financial crisis.
