Standard General raises bid for RadioShack in bankruptcy auction
(Reuters) – Hedge fund Standard General has raised its bid to buy about 1,740 stores of bankrupt electronics retailer RadioShack Corp in a court-supervised auction, according to people familiar with the process, which entered its second day on Tuesday….
Brent slides, U.S. crude holds flat on resilient dollar
NEW YORK (Reuters) – Brent crude oil fell on Tuesday as the dollar regained its footing against the euro and fears of global oversupply persisted, while U.S. crude was buoyed by strong domestic economic data.
Google poaches Morgan Stanley’s CFO
SAN FRANCISCO/NEW YORK (Reuters) – Google Inc hired Morgan Stanley Chief Financial Officer Ruth Porat as its own finance chief, a sign Google is aiming to rein in costs as it invests in new businesses such as self-driving cars and internet-connected ey…
SEC’s White says ‘closely monitoring’ proxy access efforts
WASHINGTON (Reuters) – Securities and Exchange Commission Chair Mary Jo White told lawmakers on Tuesday the agency would not try anew to craft rules to make it easier for shareholders to nominate corporate directors but that she was closely watching ac…
Greece risks running out of cash by April 20, scrambles on reforms
ATHENS/BERLIN (Reuters) – Greece risks running out of cash by April 20 unless it secures fresh aid, a source familiar with the matter told Reuters on Tuesday, leaving it little time to convince skeptical creditors it is committed to economic reform.
U.S. consumer inflation firming; new home sales at seven-year high
WASHINGTON (Reuters) – U.S. consumer prices rebounded in February as gasoline prices rose for the first time since June, and there were also signs of an uptick in underlying inflation pressures, keeping the Federal Reserve on course to raise interest r…
Telefonica finalizes $15 billion sale of UK unit to Hutchison
LONDON (Reuters) – Spain’s Telefonica said it had finalised a deal to sell its British mobile business O2 to Li Ka-shing’s Hutchison Whampoa for 10.25 billion pounds ($15.2 billion), confirming details announced earlier this year.
Exclusive: Greece to run out of cash by April 20 without fresh aid – source
(Reuters) – Greece will run out of money by April 20 unless it receives fresh aid from creditors, a source familiar with the familiar with the matter told Reuters on Tuesday.
Euro zone and U.S. manufacturing expand, China struggles
LONDON/NEW YORK (Reuters) – Euro zone businesses ramped up activity in March as the European Central Bank started printing money to spur economic growth, while a slowdown among Chinese factories fueled expectations of more monetary stimulus.
Global demand to help oil prices despite U.S. glut-senior Gulf OPEC delegate
RIYADH (Reuters) – Stronger-than-expected global oil demand should help support crude prices at around $55-$60 a barrel in the next two months despite some signs of a growing glut in the United States, a senior Gulf OPEC delegate told Reuters on Tuesday.
