Exclusive: Greece angers euro creditors with lack of info, wants talks at EU summit
(Reuters) – Greece frustrated its main creditors on Tuesday by refusing to update euro zone peers on its reform progress at a scheduled teleconference, insisting instead that the discussions should be escalated to Thursday’s European Union summit.
Exclusive: San Bernardino has defaulted on $10 million in bond payments
LOS ANGELES (Reuters) – The southern California city of San Bernardino has defaulted on nearly $10 million in payments on its privately placed pension bond debt since it declared bankruptcy in 2012, according to documents seen by Reuters.
Oil hit by stockpile fears; dollar offsets some loss
NEW YORK (Reuters) – Oil prices came under renewed pressure in Tuesday’s post-settlement trade, after a 3-day losing streak, as an industry group reported a huge build in U.S. crude inventories ahead of official data.
Citigroup to stop Argentina bond payments amid turmoil
NEW YORK (Reuters) – Citigroup Inc said on Tuesday it plans to exit its custody business in Argentina as soon as possible, after a U.S. judge refused to lift an injunction that blocked the bank from processing interest payments on $2.3 billion of Argen…
Dow, S&P 500 fall on Fed nervousness; Nasdaq inches up
(Reuters) – The Dow and the S&P 500 fell on Tuesday as materials shares declined and nervousness increased ahead of a Federal Reserve statement, while the Nasdaq ended higher.
Google X boss says company should have curbed Glass hype
SAN FRANCISCO (Reuters) – Google Inc was wrong to let expectations about its Glass wearable gadget get overheated, the head of the Google X research lab said on Tuesday.
Alibaba investors face lock-up battered but largely unbowed
NEW YORK (Reuters) – As Alibaba was preparing to sell shares to U.S. investors for the first time, Jerry Verseput tried to persuade his clients not to throw money at the giant China-based e-commerce company because he thinks IPOs are a gamble, especial…
Macerich rejects Simon Property offer, adopts poison pill
(Reuters) – Macerich Co, the third-largest U.S. shopping mall owner, rejected a $14.39 billion unsolicited offer from larger rival Simon Property Group Inc, saying the proposal “substantially undervalues” the company.
Novartis unit hit with $110 million gender discrimination suit
(Reuters) – A $110 million lawsuit filed on Tuesday claims a U.S. division at Swiss drugmaker Novartis has routinely denied female employees equal pay and promotion opportunities, five years after the pharmaceutical giant was hit with a nine-figure jur…
Greece rejects ‘blackmail’, seeks meeting with top EU leaders
ATHENS (Reuters) – Greek Prime Minister Alexis Tsipras has requested a meeting with top European leaders including German Chancellor Angela Merkel at this week’s EU summit, a Greek official said on Tuesday, as Athens insisted it would not be ‘blackmail…
