Credit Suisse to fight New York mortgage securities case
ZURICH (Reuters) – Credit Suisse Group AG has signaled that it intends to fight a U.S. lawsuit that accuses the Swiss bank of deceiving investors in mortgage-backed securities it had issued.
Russian economy suffers first contraction since global crisis
MOSCOW (Reuters) – Russia’s economy shrank sharply in November and the rouble resumed its slide on Monday as Western sanctions and a slump in oil prices combined to inflict the first contraction in GDP since the global financial crisis.
Former Chrysler unit recalls 66,819 older pickups for clutch issue
DETROIT (Reuters) – FCA US, the former Chrysler Group, said on Monday it is recalling almost 67,000 older-model pickup trucks equipped with manual transmissions globally for possible clutch problems that have been linked to one death.
Subway investigates China media reports of doctored expiry dates
SHANGHAI (Reuters) – U.S. fast-food chain Subway is investigating media reports in China that workers at an outlet in Beijing doctored food labels and used produce beyond its expiry date, a Shanghai-based spokeswoman for the firm said on Monday.
Icahn acquires stake in Manitowoc, seeks splitup
(Reuters) – Carl Icahn reported a 7.7 percent stake in Manitowoc Co Inc , and became the second activist investor this year to push for a splitup of the company’s crane and foodservice equipment businesses.
AirAsia has little margin for error in crisis over missing jet
KUALA LUMPUR/SINGAPORE (Reuters) – As AirAsia Bhd grapples with its first airliner disaster since its founding a dozen years ago, Asia’s biggest budget carrier will have little margin for error given tough competition and thin profits in the sector.
Euro wobbles before Athens vote, Greek shares tumble
LONDON (Reuters) – Europe’s financial markets returned from their Christmas break in a cautious mood on Monday, as Greece’s parliament prepared for a final round of presidential voting, which if unsuccessful, will fuel worries about its future in the euro.
For Qualcomm, China settlement may be just the beginning
SAN FRANCISCO/BEIJING (Reuters) – The settlement of China’s anti-trust probe into Qualcomm Inc is likely to intensify global scrutiny of the firm’s highly profitable patent licensing business, and may even call into question its worldwide contracts wit…
Lion Capital sends letter to American Apparel urging it to explore options: source
(Reuters) – The board of American Apparel Inc has received a letter from British buyout firm Lion Capital, pushing it to explore strategic options include a sale, a source familiar with the situation said on Sunday.
ECB’s Weidmann says German 2015 growth may be better than expected
BERLIN (Reuters) – Growth in Germany, Europe’s biggest economy, could be better than expected next year and the situation in Europe is not as bad as many people think, the president of Germany’s Bundesbank told a newspaper on Sunday.
