Weak U.S. factory data suggest softer economic growth
WASHINGTON (Reuters) – U.S. manufacturing output fell in February for the third straight month as the production of automobiles and a range of goods tumbled, the latest indication of slower economic growth in the first quarter.
Sotheby’s nicks CEO from Madison Square Garden
(Reuters) – Auction house Sotheby’s appointed Madison Square Garden Co Chief Executive Tad Smith its CEO, a surprise development that could delay the plans of the owner of the New York Knicks to spin off its live entertainment business.
Trian says DuPont shareholders back push for board seat
(Reuters) – Trian Fund Management LP said there was “strong interest” among large DuPont shareholders to add to the chemical conglomerate’s board a “Trian principal”, a reference to the hedge fund’s Chief Executive Nelson Peltz.
Authorities closing in on hackers who stole JPMorgan data – NYT
(Reuters) – Federal authorities investigating the data breach at JPMorgan Chase & Co are confident that a criminal case will be filed against the hackers in the coming months, the New York Times reported, citing people briefed on the investigation.
Home builder sentiment dips in March -NAHB
NEW YORK (Reuters) – U.S. homebuilder sentiment declined for a third straight month in March but still showed more builders view market conditions as favorable, the National Association of Home Builders said on Monday.
Oil, dividends, cheap assets – return to Russia rewards investors
LONDON (Reuters) – Fund managers who bet on beaten-down Russian stocks and bonds have been rewarded with some of the best returns in emerging markets so far in 2015.
New York state manufacturing index falls in March – NY Fed
NEW YORK (Reuters) – Manufacturing activity growth in New York State slowed in March for a second month in a row as the pace of new orders contracted to its weakest level since November 2013, a New York Federal Reserve survey showed on Monday.
Valeant raises offer for Salix Pharma to $173 per share
(Reuters) – Valeant Pharmaceuticals International Inc said it increased its offer for Salix Pharmaceuticals Inc to $173 per share, hoping to end a bidding war with Endo International Plc for the bowel drug maker.
Banco Madrid files for bankruptcy as money laundering scandal swirls
MADRID (Reuters) – Small Spanish bank Banco Madrid has filed for bankruptcy after the United States accused its Andorran parent of laundering money for organised crime groups.
Top-ten Holcim shareholder says merger with Lafarge may collapse
ZURICH (Reuters) – A top-10 shareholder in Holcim said on Monday a planned merger with French rival Lafarge could collapse if deal terms are not renegotiated in the Swiss cement maker’s favor.
