Modi seeks to revive India’s ‘zombie factories’, not abandon them
KANPUR India (Reuters) – At British India Corporation’s textile factory in northern India, four men sit in a control room watching computerized gauges eight hours a day. When they are done, another group takes over, and then another, for 24 hours a day – much as they might at any major industrial plant.
Canadian Pacific approached CSX about merger: WSJ
(Reuters) – Canadian Pacific Railway Ltd has approached CSX Corp about merging the two North American railroad operators, according to the Wall Street Journal.
French bank, Twitter team up for money transfers via tweets
PARIS/FRANKFURT (Reuters) – One of France’s largest banks is teaming up with social network Twitter Inc. this week to allow its customers to transfer money via tweets.
Garuda Indonesia orders Boeing planes worth $4.9 billion
(Reuters) – Boeing Co said on Sunday that Indonesian flag carrier Garuda Indonesia had placed an order for 50 737 MAX 8 jetliners worth $4.9 billion.
Greece says IMF to maintain routine post-bailout review after exit
WASHINGTON (Reuters) – Greece has begun talks for ending International Monetary Fund aid to the country, but will continue to have routine post-bailout reviews by the Washington-based group, a Greek official said after talks with the IMF’s chief on Sun…
Exclusive: U.S. regulators press banks for more on auto loan exposure to assess risks
NEW YORK (Reuters) – U.S. regulators are asking banks for more detail on their autos financing exposure, as rapid growth in the lending has prompted officials to seek to better assess the risks, according to a person familiar with the matter. 
Investment funds will come under new regulatory focus: Carney
WASHINGTON (Reuters) – Investment funds will come under increased focus from global financial regulators, the head of a worldwide push to prevent a repeat of the financial crisis said on Sunday.
U.S. TIPS market signals rising concerns about disinflation
NEW YORK (Reuters) – For Federal Reserve officials already worried about a persistent lack of U.S. wage and price growth, one corner of the bond market may be suggesting even more reason for alarm. The Treasury Inflation Protected Securities (TIPS) mar…
In GM bankruptcy, an ex-con and hedge funds find common ground
NEW YORK (Reuters) – Roger Dean Gillispie, a former General Motors security guard, spent 20 years in an Ohio prison for rape until a federal court ordered him released in 2011. Now he wants to sue GM for allegedly helping to frame him, and he’s getting support from an unlikely source: hedge funds.
Fiat Chrysler crowns merger with Wall Street debut
MILAN (Reuters) – Fiat Chrysler Automobiles (FCA) makes its Wall Street debut to great fanfare on Monday, shifting the carmaker’s center of gravity away from Italy and capping a decade of canny dealmaking and tough restructuring by CEO Sergio Marchionn…
