How Sands fell from grace at Standard Chartered
LONDON/HONG KONG (Reuters) – In summer 2012 Peter Sands was flying high as Standard Chartered Chief Executive, batting back questions on whether he was tempted to run Barclays or even the Bank of England.
Top U.S. forecaster says jobs data adding up to a rate rise: Reuters poll
(Reuters) – The steady drop in the U.S. unemployment rate has set up a simple set of arithmetic that will lead to a Federal Reserve interest rate rise soon to ward off future inflation, according to the most accurate forecaster in Reuters polls last ye…
ECB’s Nowotny opposes ejecting Russia from SWIFT system: report
VIENNA (Reuters) – European Central Bank policymaker Ewald Nowotny has warned against kicking Russian banks out of the SWIFT payments transfer system as part of tighter sanctions on Moscow, the Austria Press Agency quoted him as saying on Thursday.
N.Y. court revives Macy’s claims vs. JC Penney on Martha Stewart deal
(Reuters) – A New York state appeals court has revived two claims accusing JC Penney Co Inc of interfering improperly with a merchandising contract between Macy’s Inc and Martha Stewart Living Omnimedia Inc.
Deutsche co-CEO faces trial for providing false testimony: Spiegel
FRANKFURT (Reuters) – Deutsche Bank co-Chief Executive Juergen Fitschen and four former board members will stand trial in Munich on suspicion of having provided false testimony during the Kirch trial, German weekly magazine Der Spiegel said on Thursday…
Strike ends at General Motors plant in Brazil
SAO JOSE DOS CAMPOS, Brazil (Reuters) – Workers at General Motors Co’s Brazilian car factory ended a six-day strike on Thursday after the company agreed to drop plans to lay off 800 employees, the union said.
IBM targets $40 billion in cloud, other growth areas by 2018
(Reuters) – International Business Machines Corp , which ruled computing in the age of the mainframe, is targeting $40 billion in annual revenue from the cloud, big data, security and other growth areas by 2018.
Marchionne raises Fiat Chrysler stake as Ferrari spin-off nears
MILAN (Reuters) – Fiat Chrysler Automobiles (FCA) Chief Executive Sergio Marchionne has increased his voting stake in the carmaker to nearly 1 percent after benefiting from a stock grant plan, just as the company readies to spin off luxury brand Ferrar…
Dunkin’ Brands’ K-Cup packs to be sold online and at retail stores
(Reuters) – Dunkin’ Brands Group Inc said its Dunkin’ K-Cup packs would now be available online and across retail stores in North America through an expanded agreement with J.M. Smucker Co and Keurig Green Mountain Inc .
Hedge funds’ $1.4 billion Porsche lawsuit faces dismissal: judge
STUTTGART, Germany (Reuters) – Hedge funds seeking 1.2 billion euros ($1.4 billion) in damages from Porsche SE over its botched attempt to take over carmaker Volkswagen in 2008 look set to have their case dismissed, according to a German judge.
