Lender says will make ‘significant’ new bid for RadioShack
WILMINGTON, Del (Reuters) – A lender to bankrupt RadioShack Corp told a U.S. judge on Friday it was prepared to present a new offer that was a “significant improvement” over a rival proposal that was selected as a winning bidder at an auction this week…
Oil dives 5 percent as worries about Iran talks trump Yemen
NEW YORK (Reuters) – Oil tumbled 5 percent on Friday, erasing the previous session’s gains, as Yemen’s conflict looked less likely to disrupt Middle East crude shipments and investors turned their focus to talks for a potential Iran nuclear deal that c…
Google to pay CFO Porat more than $70 million
(This March 26th story has been corrected to remove ‘in the next two years’ from headline and first paragraph)
As 3G digests Kraft deal, rivals will focus on organic firms
NEW YORK (Reuters) – The macaroni and ketchup merger of Kraft Foods Group and H.J. Heinz Co may prove a boon to the far smaller natural and organic food companies that have seized market share as consumers shift away from processed foods, bankers and p…
Fed weighs insurers’ proposal for new capital rules
WASHINGTON (Reuters) – The U.S. Federal Reserve is considering a proposal from life insurers that could delay the implementation of a costly nationwide capital framework for the $1 trillion industry, according to records of a recent meeting between the…
Global shares up at end of down week, oil prices retreat
NEW YORK (Reuters) – Wall Street and European stocks edged ahead on Friday but remained en route to a losing week while U.S. Treasury debt prices jumped on government data indicating U.S. economic growth was slowing.
Former American Apparel CEO Charney seeking $40 million in damages
(Reuters) – The founder and former chief executive of American Apparel Inc , Dov Charney, plans to file a lawsuit claiming $40 million in damages for breaches of his employment contract, and more lawsuits are planned, his attorney said on Friday.
Neither Grexit, nor Grexident. Euro and ‘drachma’ in parallel?
BRUSSELS (Reuters) – Greece is unlikely to exit the euro, either intentionally or accidentally. But it might be forced to introduce an alternative means of payment, in parallel to the euro, to pay some domestic bills if a reform-for-cash deal with its …
U.S. consumer sentiment falls in March but above forecasts
NEW YORK (Reuters) – U.S. consumer sentiment fell month-over-month in March, a survey released on Friday showed, though the reading was better than expected.
Ford CEO Fields received $18.6 million in 2014 compensation
DETROIT (Reuters) – Ford Motor Co Chief Executive Officer Mark Fields made $18.6 million in salary and other compensation last year, below the $23.2 million that predecessor Alan Mulally received in 2013, the company said on Friday.
