Fed committed to tailoring supervision for small banks: Powell
WASHINGTON (Reuters) – The Federal Reserve is committed to tailoring its supervisory practices for community banks as appropriate to reduce unnecessary burden, a top Fed official said on Monday.
Valeant may raise Allergan bid, says it won’t walk away
(Reuters) – Valeant Pharmaceuticals Inc may raise its hostile takeover bid for Allergan Inc and will not walk away from its pursuit ahead of Allergan’s Dec. 18 special shareholder meeting, Chief Executive Michael Pearson said on Monday.
IBM to pay Globalfoundries $1.5 billion to take chip unit
(Reuters) – IBM Corp said it would hive off its loss-making semiconductor unit to contract-chipmaker Globalfoundries Inc to focus on cloud computing and big data analytics.
Marc Andreessen quits eBay board ahead of PayPal spinoff
(Reuters) – Venture capitalist Marc Andreessen said he was quitting EBay Inc’s board following the online retailer’s decision last month to spin off its electronic payment unit, PayPal.
Adidas shares jump on report of bid for Reebok unit
BERLIN (Reuters) – Shares in German sportswear firm Adidas AG jumped on Monday after the Wall Street Journal reported that an investor group that includes Jynwel Capital and funds affiliated with the Abu Dhabi government planned a $2.2 billion bid to b…
Solid data, earnings push world stocks higher
LONDON (Reuters) – Global stocks climbed on Monday, moving further away from eight-month lows hit last week, as strong U.S. data and encouraging third-quarter earnings eased concerns about the pace of global economic recovery.
Credibility meets compromise in Europe’s bank stress test
LONDON (Reuters) – When Europe announced its latest health check of top banks early last year it promised a “comprehensive assessment” of how well prepared they were to withstand another financial crisis.
Market action reinforces need for policy patience: Fed’s Rosengren
BOSTON (Reuters) – The recent volatility in financial markets reinforces the need for the Federal Reserve to be patient with its policy stimulus and to clearly tie an eventual interest-rate rise to improving economic conditions, a top Fed policymaker t…
Yahoo set to outline cost-cutting efforts: WSJ
(Reuters) – Yahoo Inc is expected on Tuesday to outline cost-cutting efforts and give details of how it is evaluating possible acquisitions as it faces pressure from an activist investor, the Wall Street Journal reported, citing a person who was briefe…
Pilots extend Lufthansa strikes to long-haul flights
FRANKFURT (Reuters) – German pilots union VC on Monday widened its strike at Lufthansa to include long-haul flights on Tuesday, having previously targeted only the carrier’s short and medium-haul routes on Monday and Tuesday.
