After strong debut, Virgin America may be fully priced: Barron’s
(Reuters) – After soaring more than 30 percent in its market debut on Friday, shares of low-cost airline Virgin America Inc may be fully priced, according to a report in Barron’s.
Allergan near buyout of up to $65 billion to escape Valeant, Ackman: source
(Reuters) – Allergan Inc is close to a buyout deal worth up to $65.5 billion by Actavis Plc, one that could end months of pursuit by Canada’s Valeant Pharmaceuticals and William Ackman’s hedge fund, Pershing Square Capital Management, according to a person familiar with the matter.
Ford shares poised for a rebound: Barron’s
NEW YORK (Reuters) – Ford Motor shares may be in for a rebound and could climb 30 percent in a year, said Barron’s financial newspaper in its edition to be published Monday.
Fortress Korea car market cracks under German luxury barrage
SEOUL (Reuters) – South Korea is on track to spend more on vehicle imports from Europe this year than it earns from exports the other way, for the first time in 24 years, as German brands breach the once impregnable fortress of Hyundai Motor and its lo…
The $375 billion Europe wants to invest but doesn’t have
BRUSSELS (Reuters) – New European Commission President Jean-Claude Juncker is preparing a 300 billion euro ($375 billion) investment plan he will present as a cornerstone of efforts to revive an ailing economy.
Argentina welcomes G20 call for work on debt restructurings
BUENOS AIRES (Reuters) – Argentina, which defaulted on its debt again in July amidst a decade-long legal battle with a group of U.S. investment funds, welcomed on Sunday the inclusion of a clause in a G20 summit communique aimed at helping sovereign de…
What is a recall? Carmakers confuse U.S. drivers in deadly air bag saga
ORLANDO/WASHINGTON (Reuters) – In recent weeks, hundreds of thousands of U.S. Toyota drivers have received a stern warning by first-class mail: Immediately drive to your dealer to replace a flawed air bag, and in the meantime don’t let anyone sit on th…
Merkel urges Europeans to speed up TTIP trade talks with U.S.
SYDNEY – German Chancellor Angela Merkel urged European nations on Sunday to speed up their negotiations with the United States over a Transatlantic Trade and Investment Partnership (TTIP) agreement between the U.S. and EU.
Euro zone’s troubles, gold vote test Swiss central bank
ZURICH (Reuters) – The Swiss National Bank faces the biggest test of its cap on the franc in two years but may find it easier to defend now than when euro zone breakup fears were rampant and the strategy unproven.
Ex-CEO of failed German retailer Arcandor to appeal against prison sentence
FRANKFURT (Reuters) – Thomas Middelhoff, the former chief executive of defunct German retail group Arcandor, will appeal against a three year prison sentence, his lawyer told Reuters on Sunday, confirming a report by German weekly Bild am Sonntag.
