GE would offer concessions to win EU approval of Alstom deal: executive
NEW YORK/BRUSSELS (Reuters) – General Electric Co said on Monday for the first time it would be willing to consider concessions in order to win European approval to acquire the power equipment unit of France’s Alstom .
Wall Street ends down on global jitters; oil stocks lower
(Reuters) – Wall Street closed lower on Monday as investors fretted about Greece’s precarious financial condition and slowing growth in China, while energy stocks fell on weaker oil prices.
Airbus shares fall as A400M probe gets off to slow start
PARIS/MADRID (Reuters) – Airbus Group investors fretted on Monday about the fate of Europe’s largest defense project as an investigation into what caused Saturday’s fatal crash of an A400M military transporter plane got off to a slow start.
Bank parents or main units seen pleading guilty over FX: sources
NEW YORK (Reuters) – The parent companies or main banking units of as many as five major banks, rather than their smaller subsidiaries, are expected to plead guilty to U.S. criminal charges over manipulation of foreign exchange rates, people familiar w…
Germany floats Greek referendum on reform, others doubt timing
BRUSSELS (Reuters) – EU paymaster Germany suggested on Monday that Greece might need a referendum to approve painful economic reforms on which its creditors are insisting, but Athens said it had no such plan for now and others warned a vote could delay…
Volkswagen to break up MAN: Frankfurter Allgemeine Zeitung
FRANKFURT (Reuters) – Volkswagen Group will break up MAN and transfer its truck and bus businesses, as well as MAN Latin America, into VW’s new Truck & Bus Holding GmbH, German daily Frankfurter Allgemeine Zeitung said.
Comcast names Carlyle Group’s Michael Cavanagh as CFO
(Reuters) – Comcast Corp on Monday named Carlyle Group LP Co-President Michael Cavanagh as chief financial officer, bringing on a prominent dealmaker after its failed attempt to acquire Time Warner Cable Inc .
T Rowe’s challenge to Dell deal may fuel critics of ‘appraisal’
WILMINGTON, Del (Reuters) – An increasingly popular tactic used by hedge funds and others to extract more money from buyouts could soon face a major courtroom test when a big investor in Dell Inc may argue that it should be paid a higher price for the …
Citigroup says could plead guilty to settle forex probe
NEW YORK (Reuters) – Citigroup Inc said it could plead guilty to an antitrust charge to resolve a U.S. Department of Justice investigation of its dealings in foreign exchange markets.
Oil under pressure on signs of U.S. shale oil recovery
NEW YORK (Reuters) – Oil came under pressure on Monday on signs a multi-week rally was encouraging a rejuvenation in already bloated U.S. shale supplies.
