Apple edges out Samsung in global smartphone sales: Gartner
(Reuters) – Apple Inc sold the most number of smartphones globally in the fourth quarter, overtaking Samsung Electronics Co Ltd for the first time since 2011, according to research firm Gartner.
Top U.S. regulators request more time in MetLife lawsuit
WASHINGTON (Reuters) – U.S. regulators on Tuesday asked for more time to react to a complaint by MetLife over their decision to subject the insurer to tougher oversight, and requested a judgment in the lawsuit early next year.
Buffett questions putting activist on GM board
DETROIT (Reuters) – Berkshire Hathaway Chief Executive Warren Buffett, one of the largest shareholders in General Motors Co , said on Monday he would be wary of putting former U.S. autos task force member Harry Wilson or anyone else on the company’s bo…
Springleaf to buy Citi’s OneMain to become top U.S. subprime lender
(Reuters) – Springleaf Holdings Inc said it would buy Citigroup Inc’s OneMain Financial Holdings Inc for $4.25 billion in cash, creating the largest subprime lender in the United States.
Best Buy announces first buyback since 2012; profit jumps
(Reuters) – Best Buy Co Inc , the largest U.S. consumer electronics chain, on Tuesday reported higher-than-expected quarterly earnings on a strong holiday season and said it would buy back stock for the first time since 2012.
EBRD to launch funding in Greece, promoting enterprise
BRUSSELS (Reuters) – The European Bank for Reconstruction and Development will launch a five-year program of loans and investments in Greece that EU governments hope can foster enterprise and growth to help revive an economy hobbled by public-sector de…
U.S. CEOs modestly more upbeat on economy, spending: survey
(Reuters) – U.S. chief executive officers are modestly more upbeat about the economy and almost half plan to increase capital spending over the next six months, a quarterly business group survey said on Tuesday.
JPMorgan to pay $50 million over improper mortgage practices: DOJ
WASHINGTON (Reuters) – JPMorgan Chase will pay $50 million as part of a national settlement agreement to compensate homeowners in bankruptcy over the use of robo-signing and other improper practices, the Department of Justice said on Tuesday.
Barclays will cut investment bank again if performance doesn’t improve
LONDON (Reuters) – Barclays Plc chief Antony Jenkins has threatened more cuts to its underperforming investment bank after a 750 million pounds ($1.2 billion) charge by the British bank provided fresh evidence of the costs of past misdemeanors by its t…
BMW CEO sees challenges mounting for successor
GENEVA (Reuters) – The new boss of BMW will have to cope with the rise of electric cars, automated driving and new competitors, as well as the traditional uncertainties over consumer demand and fuel prices, its outgoing CEO said on Tuesday.
