Lockheed eyes cost cuts, reputation in satellite business
COLORADO SPRINGS, Colo. (Reuters) – Lockheed Martin Corp has long dominated the U.S. military space market, but it is fighting harder than ever to cut costs, become more innovative, and shed a reputation for arrogance, Mark Valerio, the head of its mil…
Fiat Chrysler wants to play major role in industry consolidation: CEO
AMSTERDAM (Reuters) – Chief Executive Sergio Marchionne wants Fiat Chrysler Automobiles (FCA) to play a key role in a consolidation of the global auto industry which he sees as inevitable to manage prohibitive capital costs.
Bernanke to advise hedge fund Citadel – NYT
(Reuters) – Ben Bernanke, former chairman of the U.S. Federal Reserve, has agreed to become a senior adviser to Citadel, a $25 billion hedge fund founded by billionaire investor Kenneth Griffin, the New York Times reported on Thursday.
Whirlpool plans 500 million euro Italy investment, 1,350 job cuts
ROME (Reuters) – U.S. white goods group Whirlpool announced on Thursday it would invest 500 million euros ($535.25 million) over four years in Italy as part of a restructuring plan that would see 1,350 redundancies.
Bank of America settles currency-rigging lawsuit
NEW YORK (Reuters) – Bank of America Corp has settled its portion of a U.S. antitrust lawsuit in which investors accused 12 major banks of rigging prices in the foreign exchange market.
U.S. housing starts data underperforms; jobless claims rise
WASHINGTON (Reuters) – U.S. housing starts rose far less than expected in March and factory activity in the mid-Atlantic region grew modestly this month, suggesting the economy could struggle to rebound from a soft patch hit in the first quarter.
Nestle says taking action to keep top slot in food industry
LONDON (Reuters) – Nestle told shareholders on Thursday it was taking steps to maintain its position at the head of the global food industry, where consolidation will create two big new rivals.
Euro zone yields sink to new lows, Greece in focus
LONDON (Reuters) – Euro zone government borrowing costs slid to new lows on Thursday, a day after the European Central Bank pledged to fulfill its 1 trillion-euro bond-buying program and as Greece’s financial predicament deteriorated sharply.
Seeking an edge, short-sellers turn to behavioral analysis
SINGAPORE (Reuters) – When Muddy Waters unveiled a short position on Noble Group last week, it didn’t just scrutinize the commodity trader’s accounts. It also hired a behavioral analysis firm run by former CIA staff to analyze how Noble’s executives ta…
Mid-market car brands surge with European market upturn
PARIS/MILAN (Reuters) – Europe’s auto-market recovery gained a firmer footing in March, industry data showed on Thursday, as a sharp recovery in some mid-market brands eclipsed growth in no-frills “crisis cars”.
