Bank of America chips away at brokerage industry truce
NEW YORK (Reuters) – For the last decade, Wall Street brokerages have had a pact not to sue brokers that leave their firms and try to take clients with them. Now Bank of America BAC.N Merrill Lynch, one of the founding signers of the truce, is taking s…
Twenty-First Century Fox denies report it held takeover talks with Discovery
(Reuters) – Rupert Murdoch’s Twenty-First Century Fox Inc held preliminary takeover talks with Discovery Communications Inc with a view to creating a $100 billion entertainment giant, the Australian Financial Review reported on Monday.
U.S. refinery strike affects one-fifth of national capacity
HOUSTON (Reuters) – The largest U.S. refinery strike in 35 years entered its fourth week on Sunday as workers at 12 refineries accounting for one-fifth of national production capacity were walking picket lines.
Exclusive: China’s Wanxiang to rebrand Fisker as Elux – sources
DETROIT (Reuters) – Chinese auto parts maker Wanxiang Group will push back its planned relaunch of the defunct Fisker Karma hybrid sports car until mid-2016 and rebrand Fisker Automotive as Elux, two sources familiar with the plan said Sunday.
Global stocks and euro start cautiously after Greece deal
TOKYO (Reuters) – Stock markets and the euro started the week on a cautious note on Monday as a Greek debt deal struck last week remained in the balance until Athens drew up a list of reforms to satisfy its creditors.
Japan Inc. sees no need for 2 percent inflation or more easing: Reuters poll
TOKYO (Reuters) – Japan Inc sees no need for an aggressive pursuit of a 2 percent inflation goal or additional monetary easing, a Reuters poll showed – a stance that supports the central bank’s recent softer tone on achieving its consumer price target …
Canada’s Valeant to acquire Salix in $10.1 billion deal
NEW YORK (Reuters) – Canada’s Valeant Pharmaceuticals International Inc agreed to acquire gastrointestinal drugmaker Salix Pharmaceuticals Ltd in an all-cash deal valued at about $10.1 billion, the two companies said on Sunday.
Mercedes recalls 147,000 cars in U.S. for engine fire risk
DETROIT (Reuters) – Daimler AG’s Mercedes-Benz is recalling more than 147,000 mid-size sedans and station wagons from 2013-2015 to check for risk of engine fires, the U.S. safety regulator said Saturday.
Greece readies reform promises
ATHENS (Reuters) – Greece’s government prepared reform measures on Sunday to secure a financial lifeline from the euro zone, but was attacked for selling “illusions” to voters after failing to keep a promise to extract the country from its internationa…
Ten days that shook the euro; how Greece came to the brink
BRUSSELS (Reuters) – The “rock star” took on the rock. And the rock won.
