S&P 500 ticks up to record on central bank bets
NEW YORK (Reuters) – U.S. stocks rose on Monday on hopes that China will take further accommodative monetary policy action if needed, while merger deals kept traders focused even as volumes were below average.
Actavis mulls job cuts, China expansion: Bloomberg
(Reuters) – Generic drugmaker Actavis Plc is planning to cut employees and expand in China, a Bloomberg report said citing an interview by Chief Executive Officer Brent Saunders on Bloomberg Television.
New UTC chief known to Wall Street, giving solace amid abrupt move
(Reuters) – United Technologies Corp’s appointment of Chief Financial Officer Gregory Hayes as chief executive is providing investors some comfort as they try to understand the abrupt departure of previous leader Louis Chenevert.
GM president: U.S. economy holding up, other regions slowing or soft
NEW YORK (Reuters) – General Motors Co President Dan Ammann on Monday said he expects “more of the same” next year from a U.S. auto market that has been growing slowly, while he is bracing for continued soft demand in other parts of the globe.
Honda admits under-reporting serious U.S. accidents since 2003
DETROIT/NEW YORK (Reuters) – Honda Motor Co failed to notify U.S. safety regulators of 1,729 claims of injuries and deaths related to accidents in its vehicles since 2003, the automaker acknowledged on Monday.
Stalled Greek bailout talks to resume in Paris on Tuesday
ATHENS (Reuters) – Greece’s government will resume stalled talks with EU/IMF lenders in Paris on Tuesday, as Athens pushes to conclude a review by inspectors so it can make an early exit to an unpopular bailout program.
Strategist Bernstein sees more equity gains, likes high-yield munis
NEW YORK (Reuters) – Longtime Wall Street strategist Richard Bernstein hasn’t quite gotten used to investors’ reactions when he tells them his favorite asset class for 2015 is the same as in 2014 – high- yield municipal bonds.
RenaissanceRe to buy Platinum Underwriters for $1.9 billion
(Reuters) – RenaissanceRe Holdings Ltd will buy fellow Bermuda-based reinsurer Platinum Underwriters Holdings Ltd for about $1.9 billion to boost its business amid intensifying competition and falling premiums.
Tesla says in talks with BMW over car batteries, parts
FRANKFURT (Reuters) – U.S. electric carmaker Tesla Motors is in talks with Germany’s BMW over a possible collaboration in batteries and lightweight components, Tesla’s Chief Executive Elon Musk told German weekly Der Spiegel.
United Tech CEO steps down, replaced by CFO in abrupt change
(Reuters) – United Technologies Corp Chief Executive Officer Louis Chenevert has retired immediately and is being replaced by the company’s finance chief, the diversified U.S. manufacturer said on Monday, an abrupt change that caught Wall Street off gu…
