Coca-Cola shareholder says CEO Kent should be replaced
(Reuters) – Wintergreen Advisers, a minority shareholder in Coca-Cola Co , said Chief Executive Muhtar Kent was “incapable of leading Coke’s turnaround and should be replaced.”
Wall Street dips in volatile trade; oil prices fall further
NEW YORK (Reuters) – U.S. stocks ended lower in a volatile session on Monday as oil prices extended their selloff, adding to worries about weak global demand.
Goldman files for a new batch of exchange-traded funds
(Reuters) – Goldman Sachs Group Inc has filed for a slew of new exchange-traded funds, most of them alternative, another step by the Wall Street bank in its pursuit of the fast-growing, nearly $2 trillion U.S. ETF market.
U.S. factory production accelerates in sign of economy’s strength
WASHINGTON (Reuters) – U.S. manufacturing output recorded its largest increase in nine months in November as production expanded across the board, pointing to underlying strength in the economy.
BC Partners to acquire PetSmart for $8.7 billion
(Reuters) – Pet supply retailer PetSmart Inc succumbed to calls from some shareholders for a sale on Sunday with an agreement to be bought by a private equity consortium led by BC Partners Ltd for $8.7 billion, in the largest leveraged buyout of the ye…
Lehman trustee petitions Supreme Court over Barclays dispute
(Reuters) – The trustee handling the liquidation of the brokerage unit of Lehman Brothers Holdings Inc filed a petition with the U.S. Supreme Court on Monday seeking review of the business’s cash assets awarded to Barclays Plc .
Early slowdown signs emerge for U.S. oil states after crude slide
(Reuters) – After leading the U.S. economic recovery out of recession, some of the nation’s top oil states are showing early signs of a slowdown as a result of the plunge in crude prices.
Apache to sell stakes in LNG projects to Woodside for $2.75 billion
(Reuters) – Apache Corp said on Monday it would sell its stakes in two liquefied natural gas projects, Wheatstone LNG in Australia and Kitimat LNG in Canada, to Australia’s Woodside Petroleum Ltd for $2.75 billion.
General Motors faulty-switch compensation claims rise
(Reuters) – General Motors Co has received 64 claims for compensation for ignition switch defects in its cars in the past week, bringing the total to 2,326, according to the official administering the compensation program.
Brazil prosecutors indict second former Petrobras executive
SAO PAULO (Reuters) – Brazilian prosecutors said on Monday they had formally charged four more people, including a former executive at state-run Petrobras , in a widening probe into a kickback scheme that allegedly stole billions of dollars from the oi…
