China says U.S. appropriations bill violates rules, sends bad signal
SHANGHAI (Reuters) – China is unhappy with the U.S. spending bill passed by the House of Representatives last week, saying it contains discriminatory clauses that violate the rules of fair trade and “send the wrong signal”.
Takata tightens screws on suppliers as air bag crisis mounts -sources
TOKYO (Reuters) – Takata Corp. has begun enforcing tighter quality controls on a group of parts suppliers as the auto safety equipment maker boosts production to replace millions of air bags recalled for a potentially deadly defect, according to people…
OPEC chief defends policy, says group to try to ride out price fall
DUBAI (Reuters) – Oil producers group OPEC can ride out a slump in oil prices and keep output unchanged, its head said on Sunday, arguing market weakness did not reflect supply and demand fundamentals and could have been driven by speculators.
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…
China financial firms seek control deals in outbound M&A
HONG KONG (Reuters) – Chinese financial firms are targeting purchases of distressed banking assets coming on the market in Europe, having been urged by Beijing to expand their reach beyond emerging markets.
OPEC chief defends policy, says group to try to ride out price fall
DUBAI (Reuters) – Oil producers group OPEC can ride out a slump in oil prices and keep output unchanged, its head said on Sunday, arguing market weakness did not reflect supply and demand fundamentals and could have been driven by speculators.
Annual changes to Nasdaq-100 index announced
NEW YORK (Reuters) – Nasdaq OMX Group announced late Friday the results of its annual re-ranking of the Nasdaq 100 index, which will cause a reshuffling of several constituents.
Takata tightens screws on suppliers as air bag crisis mounts: sources
TOKYO (Reuters) – Takata Corp. has begun enforcing tighter quality controls on a group of parts suppliers as the auto safety equipment maker boosts production to replace millions of air bags recalled for a potentially deadly defect, according to people…
Fed considers time to end free money pledge
BRUSSELS (Reuters) – The U.S. Federal Reserve would give the clearest signal next week that its easy money stance is ending if, as some expect, it drops its two-year long pledge to keep interest rates close to zero for a “considerable time”.
New Jersey college buys Atlantic City casino for dorm, branch campus
PHILADELPHIA (Reuters) – A New Jersey college said on Saturday it has completed its $18 million purchase of the shuttered Showboat Atlantic City casino resort from Caesars Entertainment Corp , a deal that would usher in a new dormitory and a branch cam…
