EU investment plan to take shape next week
BRUSSELS (Reuters) – Jean-Claude Juncker will unveil a much anticipated 300-billion-euro ($370 billion) investment plan on Wednesday that is meant to trigger economic growth in the European Union.
Credit Suisse ordered to pay $1.8 billion to finalize U.S. guilty plea
NORFOLK Va. (Reuters) – A U.S. judge on Friday accepted Credit Suisse’s guilty plea to end a criminal case accusing it of helping wealthy Americans avoid paying taxes, and ordered the bank to pay roughly $1.8 billion in fines and restitution.
EU must not change course on U.S. trade talks: EU minister
BRUSSELS (Reuters) – Europe’s proposed free trade agreement with the United States would collapse if European leaders bowed to pressure to remove investment protection from any deal, the chairman of EU trade ministers said on Friday.
RBS says it barely passed EU stress test, admits error
LONDON (Reuters) – Royal Bank of Scotland said it only marginally passed a stress test last month by European regulators after admitting to an error in data it submitted, calling into question if it can pass a tougher test by British regulators.
Global M&A deals cross $3 trillion for first time since 2007
(Reuters) – Mergers and acquisition deals announced so far this year have topped $3 trillion, the highest since 2007, helped by mega deals in the healthcare, energy and power sectors.
Dow Chemical, Loeb’s Third Point settle board debate
(Reuters) – Dow Chemical Co said it would add four independent directors to its board as part of an agreement with Daniel Loeb’s hedge fund, Third Point LLC, avoiding a proxy battle.
Toyota Lexus to recall some 2006-2011 models due to fuel leak
DETROIT (Reuters) – Toyota Motor Corp will recall 422,509 of its luxury brand Lexus vehicles in the United States because of a possible fuel leak that increases the risk of fire, U.S. regulators said on Friday.
VW unveils multi-billion auto investments through next five years
FRANKFURT (Reuters) – Volkswagen AG is to invest 85.6 billion euros ($106 billion) in its automotive operations over the next five years to push foreign expansion, new models and technology to back its quest for global leadership.
ECB drops Citi from FX contact group
FRANKFURT (Reuters) – The European Central Bank has dropped Citigroup from its experts’ working group on foreign exchange, days after the U.S. bank was fined by U.S. and UK regulators for failing to stop traders from trying to manipulate the currency m…
Aereo files for bankruptcy
NEW YORK (Reuters) – Aereo Inc, the video streaming company backed by media mogul Barry Diller, has filed for bankruptcy protection.
