Germany’s Karstadt eyes supervisory board head as new CEO: source
FRANKFURT (Reuters) – German department store chain Karstadt is set to appoint its supervisory board head as chief executive, a person familiar with the process said on Sunday, as it battles to get back to profitability.
The $40 billion jet buying spree – IndiGo’s big bet
NEW DELHI/PARIS (Reuters) – Almost four years ago a handful of people gathered in Airbus sales chief John Leahy’s spacious country house outside Toulouse and argued long into the evening over curry and cigars.
Getting used to the ‘new mediocre’
LONDON (Reuters) – Evaporating inflation and slowing growth have put financial markets into such a spin that they could inflict further damage on the world economy.
Companies look for more fairness as China eyes legal reforms at key meeting
BEIJING (Reuters) – China is set to unveil key legal reforms this week that will try to limit the influence local officials have on court cases, a move being closely watched by company executives who hope it will make the legal system more impartial.
Tesco accounting black hole to be less than originally stated: Sky
LONDON (Reuters) – The world’s third largest retailer, Tesco, will state next week that it overestimated earnings by less than the 250 million pounds which it previously announced, Sky news reported on Saturday, citing an unnamed banking source.
Equality of opportunity a worthy goal: Fed’s Rosengren
BOSTON (Reuters) – A top Federal Reserve official said on Saturday that equality of opportunity is a worthy social goal that has not yet been achieved in the United States.
BMW finance chief sees further growth in 2015: paper
FRANKFURT (Reuters) – BMW expects sales to rise further next year as new models boost demand, the German carmaker’s finance chief told a newspaper on Saturday, without giving a detailed forecast.
Japan rolls out ‘long-held dream’ with first commercial jet in 50 years
NAGOYA (Reuters) – To the sound of drums and a children’s choir, Mitsubishi Aircraft on Saturday rolled out Japan’s first commercial jet in half a century, amid doubts it can attain an ambition to sell more than 2,000 aircraft in a competitive market s…
Beyond earnings, buybacks to give market support
NEW YORK (Reuters) – It is a tossup whether the market found a bottom this week, but bulls could find some support as corporations, mostly on the sidelines as the market tumbled, step up their stock purchases in the coming weeks.
Delaware high court says GM loan documents valid despite error
(Reuters) – The Delaware Supreme Court said on Friday that creditors are entitled to rely on formal loan documents authorized by secured lenders, even if there is a mistake in the documents.
