Wells Fargo gets U.S. approval to use internal models for capital
WASHINGTON (Reuters) – Wells Fargo won regulatory approval on Tuesday from federal banking regulators to use its own tailored risk models for determining its capital requirements.
Vivendi employees back Bollore against activist challenge
PARIS (Reuters) – Vivendi employees have come out in support of chairman and largest shareholder Vincent Bollore and have opposed a call by a U.S. hedge fund to sell one of the French media group’s two remaining businesses.
EU regulators query Luxembourg on McDonald’s tax deals: source
BRUSSELS (Reuters) – European Union antitrust regulators have asked Luxembourg for information on its tax rulings for McDonald’s after labor unions accused the U.S. fast food chain of avoiding taxes, a person involved in the issue said on Tuesday.
Berkshire Hathaway Automotive looks to expand in U.S.: chairman
DETROIT (Reuters) – Warren Buffett’s Berkshire Hathaway Inc wants to purchase more U.S. auto dealerships to expand the company’s automotive dealer venture, Larry Van Tuyl, chairman of Berkshire Hathaway Automotive, told CNBC on Tuesday.
HP and Autonomy co-founder Lynch sue each other in London
LONDON (Reuters) – Hewlett-Packard Co has lodged a claim in London against Michael Lynch and a former colleague for damages of about $5.1 billion over their management of Autonomy, the company it bought in 2011.
Pao faces tough court if she appeals Kleiner bias lawsuit
SAN FRANCISCO (Reuters) – Ellen Pao faces an uphill battle should she choose to appeal her defeat last week in a gender discrimination lawsuit against former employer Kleiner, Perkins, Caufield & Byers, the Silicon Valley venture capital firm.
U.S. consumer confidence, house prices offer hope for economy
WASHINGTON (Reuters) – U.S. consumer confidence rebounded strongly in March amid optimism over the labor market while house prices increased in January, hopeful signs that a recent sharp slowdown in economic activity was probably a blip.
Greece fails to reach initial deal on reforms with lenders
ATHENS (Reuters) – Greece failed to reach an initial deal with the European Union and the IMF to unlock aid after the creditors dismissed a package of reforms from Athens as ideas rather than a concrete plan, officials said on Tuesday.
Wall Street sees lower stock market gains due to rate worries
NEW YORK (Reuters) – U.S. stocks are forecast to post more modest gains this year than in 2014 as rising interest rates and a firmer dollar partly offset strong economic growth, a Reuters poll found.
Former Bombardier CEO’s pay cut 12 percent after missed targets
TORONTO (Reuters) – Bombardier Inc’s former chief executive, Pierre Beaudoin, suffered a small pay cut in 2014 as the company struggled to complete development of its new CSeries jet, filings showed on Tuesday.
