Hutchison and Telefonica set to close O2 deal for $15.7 billion: FT
(Reuters) – Hutchison Whampoa Ltd is expected to finalize a deal to buy Telefonica SA’s British mobile unit O2 for 10.5 billion pounds ($15.70 billion) as early as Tuesday morning, the Financial Times reported.
U.S. auto labor cost study shows impact of two-tier wage system
DETROIT (Reuters) – General Motors Co and Ford Motor Co have much higher labor costs than their cross-town rival Fiat Chrysler, according to a new study released just ahead of a meeting of United Auto Workers officials as they prepare for contract talk…
Nasdaq to provide trading technology for bitcoin marketplace: WSJ
(Reuters) – Nasdaq OMX Group Inc agreed to provide a startup the core technology to power a marketplace for trading bitcoins and related digital-currency assets, the Wall Street Journal reported.
Fed expected to hike this year, but future path uncertain: Fischer
NEW YORK (Reuters) – The Federal Reserve is “widely expected” to begin raising interest rates this year though the policy path remains uncertain, the central bank’s second-in-command said on Monday, appearing to lay the groundwork for a less predictabl…
Wall St. slips after rally as dollar swings
NEW YORK (Reuters) – U.S. stocks edged lower on Monday on the heels of strong gains in the prior week, as investors weighed fluctuations in the dollar and its impact on other markets, including crude prices.
Schlumberger sees prudence as new normal for U.S. shale oil
(Reuters) – The U.S. shale oil industry may have forever abandoned its heavy-spending ways in the face of sliding crude prices, Schlumberger Ltd , the world’s No.1 oilfield services provider, said on Monday.
ChemChina to buy into Italian tire maker Pirelli in $7.7 billion deal
MILAN (Reuters) – China National Chemical Corp (ChemChina) is to buy into Pirelli , the world’s fifth-largest tire maker, in a 7.1 billion-euro ($7.7 billion) deal that will put the 143-year-old Italian company in Chinese hands.
Fed expected to hike this year, but future path uncertain: Fischer
NEW YORK (Reuters) – The Federal Reserve is “widely expected” to begin raising interest rates this year though the path remains uncertain, with policymakers deciding subsequent policy moves on a meeting-by-meeting basis, a top Fed official said on Mond…
Exclusive: Biogen shortens name, expands ambitions in Alzheimer’s, ALS
NEW YORK (Reuters) – Biogen Idec Inc has seen its market value quadruple in three years to more than $100 billion on the back of its successful multiple sclerosis drugs. Now it has new ambitions in its sights.
CNOOC’s Nexen closing down crude oil trading division – sources
CALGARY/NEW YORK (Reuters) – Nexen Energy, a wholly owned subsidiary of China’s CNOOC Ltd , is closing its crude oil trading division following a round of job cuts announced last week, four market sources said on Monday.
