Boeing says not studying a 757 re-engine replacement
SEATTLE (Reuters) – Boeing Co said on Wednesday it is not studying resurrecting its out-of-production 757 jetliner with new engines to plug a gap in its jetliner lineup between its largest single-aisle plane and its smallest wide-body models.
Icahn values Apple at more than $1 trillion
(Reuters) – Activist investor and major Apple Inc shareholder Carl Icahn said the iPhone maker’s stock should be trading at $216, far above its record high of $124.92 hit on Wednesday.
Oil down after record U.S. crude stocks, Brent below $55
NEW YORK (Reuters) – Oil prices fell as much as 3 percent on Wednesday after U.S. stockpiles hit record highs, and analysts and traders said the market could shed more of the rebound seen over the past two weeks due to expectations of lower output.
Exclusive: Credit Suisse to move London, Paris traders to asset management arm
LONDON (Reuters) – Credit Suisse is preparing to move a London and Paris-based trading team out of its investment banking unit and into its asset management arm to raise external capital, sources familiar with the matter said.
Thin dealflow to help PetSmart’s buyout loan
NEW YORK (Reuters) – A slow start to the year in the U.S. leveraged loan market is expected to ensure that a $4.3 billion highly leveraged loan backing pet retailer PetSmart Inc’s private equity buyout will find buyers, despite a three-notch downgrade by S&P immediately before launch.
Shell says labor talks not broken off, contrary to media report
HOUSTON (Reuters) – A Royal Dutch Shell spokeswoman said on Wednesday that talks with the United Steelworkers union (USW) were not broken off on the 11th day of a refinery workers strike, contrary to a media report in the morning.
UK may follow U.S. lead if pursues HSBC over tax
LONDON (Reuters) – British authorities may follow a trail set by their U.S. counterparts in investigating allegations that HSBC’s Swiss private bank helped its customers dodge taxes, lawyers say.
SEC probes disclosures tied to Icahn takeover of CVR: U.S. filing
NEW YORK (Reuters) – The Securities and Exchange Commission is investigating whether CVR Energy Inc might have made misleading disclosures to investors during its unsuccessful defense against billionaire Carl Icahn’s 2012 hostile takeover, court docume…
Peltz softens stance on splitting DuPont
(Reuters) – Activist investor Nelson Peltz’s hedge fund said it was “open-minded” about keeping DuPont together, after agitating for months to break up the chemical conglomerate.
Belgian judge withdraws arrest threat for HSBC directors
BRUSSELS (Reuters) – HSBC has offered to co-operate with Belgian authorities and as a result a judge has withdrawn his threat to issue international arrest warrants against senior directors of its Swiss private banking arm, Brussels prosecutors said on…
