Munich court to allow trial of Deutsche Bank co-CEO Fitschen
MUNICH (Reuters) – A German court has decided to try Deutsche Bank co-CEO Juergen Fitschen and four former executives at the bank in connection with the long-running Kirch bankruptcy case, a spokeswoman for the court said on Monday.
Buffett says ‘no jockeying’ between Jain, Abel for top post: CNBC
NEW YORK (Reuters) – Warren Buffett, the billionaire chief executive officer and chairman of Berkshire Hathaway , told CNBC on Monday that Berkshire executives Ajit Jain and Greg Abel were not angling for the top Berkshire job.
Berkshire insurance ‘superstar’ could fill Buffett’s shoes
NEW YORK (Reuters) – Warren Buffett, at a news conference in Bengaluru in 2011, lavishly praised Berkshire Hathaway executive Ajit Jain for smoothly running much of the conglomerate’s insurance businesses.
ECB uncomfortable with leading role in Greek funding drama
FRANKFURT (Reuters) – European Central Bank policymakers decamp to Cyprus on Wednesday wrestling with the uncomfortable fact that they may hold the keys to Greece’s continued membership of the euro.
Euro zone Feb prices fall less than expected, unemployment down
BRUSSELS (Reuters) – Euro zone consumer prices fell by less than expected in February while unemployment eased in January for the third month in a row, offering signs that the risks of economic stagnation and deflation in the bloc are falling.
NXP to buy Freescale, create $40 billion company
NEW YORK (Reuters) – Chip maker NXP Semiconductors NV has agreed to buy smaller peer Freescale Semiconductor Ltd and merge operations in a deal valuing the combined company at over $40 billion.
Europe shares hold at seven-year highs, China rate cut lifts Asia
LONDON (Reuters) – European shares clung to seven-year highs on Monday, lifted by merger activity in the telecoms sector, while Asian stocks edged up after China cut interest rates at the weekend.
China February HSBC PMI at seven-month high
BEIJING (Reuters) – Activity in China’s factory sector edged up to a seven-month high in February but export orders shrank and deflationary pressures persisted, a private business survey showed, adding to the view that yet more interest rate cuts will …
Exclusive: SEC plans to level playing field for newer ETF firms
NEW YORK (Reuters) – The U.S. Securities and Exchange Commission may strip Vanguard Group, BlackRock Inc and State Street Corp, the oldest and biggest providers of exchange-traded funds, of an advantage they hold over newer rivals in how they assemble …
Exclusive: NXP nears deal for Freescale Semiconductor – sources
(Reuters) – NXP Semiconductors NV is close to a deal to acquire smaller peer Freescale Semiconductor Ltd in a $40 billion cash and stock merger that will reshape the semiconductor industry, according to two people familiar with the matter.
