General Motors, Wilson seek to avoid proxy fight: WSJ
(Reuters) – General Motors Co is in discussions with activist shareholder Harry J. Wilson and his proposal to join the automaker’s board and to return $8 billion to investors, with the hope of avoiding a proxy fight, according to a story in the Wall St…
Delta jet’s brakes under scrutiny after skidding off runway: report
(Reuters) – The Delta Airlines plane that skidded off a runway at New York LaGuardia airport last week may have had brake problems, according to a report in the Wall Street Journal that cited two unnamed sources familiar with the federal probe.
U.S. Senate leader McConnell promises no default on debt
WASHINGTON (Reuters) – The U.S. Congress will be in no hurry to raise the federal government’s borrowing limit, Senate Majority Leader Mitch McConnell said on Sunday, but will act in time to avoid Washington defaulting on its debt.
Bank inspectors beckon Ireland’s shadow lenders into the light
DUBLIN (Reuters) – Fresh from putting the squeeze on banks to behave themselves, regulators are now scrutinizing so-called shadow banks, alternative lenders like investment funds that are doing big business out of countries such as Ireland.
Euro zone says Greek reform outline helpful, but needs ‘troika’ scrutiny
BRUSSELS (Reuters) – The reform outline sent by Greece to euro zone ministers to unblock loans is “helpful”, but needs to be scrutinized by representatives of the country’s creditors, according to the head of the Eurogroup of euro zone finance minister…
Dutch Finance Minister sees public listing for ABN Amro bank in H2 2015
AMSTERDAM (Reuters) – The Netherlands’ finance minister said on Sunday he did not expect nationalized bank ABN Amro to return to private hands until the second half of 2015.
Time running short for Greek bailout review: ECB’s Coeure
ATHENS (Reuters) – The European Central Bank is looking forward to working with Greece to complete a review of its bailout, but time is running short, ECB executive board member Benoit Coeure told a Cypriot newspaper on Sunday.
Data brings more focus on timing of U.S. rate hike
NEW YORK (Reuters) – U.S. stock investors may be bracing for further signs next week that the Federal Reserve could increase interest rates sooner rather than later, with retail sales expected to rebound after two straight months of declines.
Saudi Arabia outpaces India to become top defense importer: IHS
DUBAI (Reuters) – Saudi Arabia overtook India to become the world’s biggest weapons importer in 2014, a year when global defense trade rose for the sixth straight year to a record $64.4 billion, research company IHS said on Sunday.
SNB considering higher negative interest rates: Schweiz am Sonntag
ZURICH (Reuters) – The Swiss National Bank, battling a rise in the country’s currency, could push interest rates further into negative territory if the franc moves in the “wrong direction”, a Swiss newspaper reported on Sunday, citing sources close to …
