Global stocks extend rally on U.S. jobs data; dollar falls
NEW YORK(Reuters) – Global equity markets extended a rally on Monday that drew strength from a forecast-beating U.S. jobs report last week that bolstered confidence in the American economy and the Federal Reserve’s monetary policy, but the dollar gave …
GE names top M&A exec as new healthcare head
NEW YORK (Reuters) – General Electric Co on Monday named its top deal-making executive as head of its healthcare business, saying that the unit’s prior chief is leaving the company.
ECB policymakers at odds over ABS purchase plan
FRANKFURT/PARIS (Reuters) – The European Central Bank’s unprecedented decision to use outside help for new asset purchases is stirring conflict among policymakers, highlighting the difficulty for the ECB of considering even more extreme policy action.
Britain’s Virgin Atlantic to shut Little Red domestic services
LONDON (Reuters) – Britain’s Virgin Atlantic Airways is to close its Little Red domestic airline next year, it said on Monday, less than two years after it was launched.
U.S. regulators probe steering in estimated 938,000 Ford vehicles
DETROIT (Reuters) – U.S. safety regulators have opened a probe of an estimated 938,000 Ford Motor Co mid-sized sedans due to complaints about steering issues.
Exclusive: Iberdrola hires JPMorgan for asset sales to fund U.S. buy
MADRID/FRANKFURT (Reuters) – Spanish power firm Iberdrola has hired JPMorgan Chase & Co to sell some foreign renewable assets which could raise up to 2 billion euros to help fund an acquisition in the fast-growing U.S. market, three sources with knowledge of the matter said.
In digital push, Bertelsmann buys rest of G+J
FRANKFURT (Reuters) – Bertelsmann is taking full ownership of Gruner + Jahr, publisher of magazines including Stern and Brigitte, as Europe’s largest media group looks to make up ground after being slow to expand online.
Greece’s Alpha Bank sheds 21 percent of staff via voluntary exit plan
ATHENS (Reuters) – Greece’s fourth-biggest lender Alpha Bank said on Monday that about 21 percent of its 10,000 employees took up a voluntary redundancy offer the bank launched last month as part of moves to cut costs.
Exclusive: Herbalife hires former U.S. regulator to head compliance team
WASHINGTON (Reuters) – Herbalife Ltd, the marketer of weight-management products, energy drinks and nutrition supplements that has come under investigation by the Federal Trade Commission as well as other agencies, has hired a former FTC official as it…
Airbus lags Boeing on jet sales in first nine months
PARIS (Reuters) – European planemaker Airbus sold 76 aircraft in September, but ended the first nine months of the year behind its U.S. rival Boeing in the number of planes sold and delivered, company data showed on Monday.
