Exclusive: Rosneft raising money from Swiss trader as debt payment looms
LONDON (Reuters) – Rosneft is raising money from Swiss trader Trafigura days before it must repay a $7 billion debt and squeezed by sanctions, industry sources said, seeking new options after a foray into the bond market fueled a devaluation of the rou…
Credit Suisse exits U.S. retail market making business
NEW YORK (Reuters) – Credit Suisse Group is getting out of the U.S. equity retail market making business by the end of the first quarter after failing to gain enough scale to make a go of it, the bank confirmed on Tuesday.
Twitter stock jumps on ad partnership with mobile apps, websites
SAN FRANCISCO (Reuters) – Twitter Inc’s stock jumped more than 6 percent on Tuesday after the social media company said its promoted tweets will appear on third-party mobile apps and websites under a new advertising distribution program.
S&P reaches $1.5 billion deal with U.S., states over crisis-era ratings
(Reuters) – Credit rating firm Standard & Poor’s will pay $1.5 billion to resolve a collection of lawsuits over its ratings on mortgage securities that soured in the run-up to the 2008 financial crisis, concluding one of the U.S. government’s most ambitious cases tied to the housing collapse.
How the Actavis deal upended Allergan No. 2’s CEO ambitions
NEW YORK (Reuters) – For two decades, Allergan Inc president Doug Ingram labored to transform the Botox-maker from a sleepy eye care upstart to a global aesthetics giant. He was just a few months away from getting the top job when a merger deal with Ac…
Ruling on BP fine over 2010 U.S. oil spill months away: lawyers
HOUSTON (Reuters) – It may be months before a final verdict is issued on the size of the fine BP Plc will pay under the Clean Water Act for its 2010 Gulf of Mexico oil spill, lawyers said on Tuesday after the last phase of the trial ended.
UPS to apply surcharges to residential packages after costs surge
(Reuters) – United Parcel Service Inc said on Tuesday it will start applying surcharges for residential packages this year after its costs soared during the recent disappointing holiday season.
Exclusive: Amid U.S. probes, Caesars poaches top money laundering expert
(Reuters) – Caesars Entertainment Corp , under investigation by the U.S. Treasury and a federal grand jury over alleged failures to comply with anti-money laundering law, has hired away Wal-Mart Stores Inc’s top expert.
Target picks former Tesco executive McNamara as new CIO
(Reuters) – U.S. retailer Target Corp on Tuesday named Mike McNamara, a former executive at British retailer Tesco PLC , its new chief information officer.
Dunkin’ Donuts 2015 drink expansion includes frozen Dunkaccinos
LOS ANGELES (Reuters) – Dunkin’ Donuts is expanding its U.S. menu with cold blended drinks, including a milkshake-like frozen Dunkaccino, as it and other fast-food chains seek to boost sales in a competitive market, an executive told Reuters on Tuesday…
