Airbus seen set to win A350 certification on Tuesday
PARIS (Reuters) – Airbus looks set to win European safety certification for its newest airliner, the A350, on Tuesday, people familiar with the plans said.
Pimco moving away from Bill Gross model, CEO says
(Reuters) – Pimco is moving away from a founder-led model and the $2 trillion asset manager’s flagship fund, formerly run by co-founder Bill Gross “does not define Pimco,” CEO Doug Hodge said on Sunday.
Lenovo says $2.1 billion IBM x86 server deal to close on Wednesday
BEIJING (Reuters) – Lenovo Group Ltd will close its acquisition of International Business Machines Corp’s (IBM) x86 server division on Oct 1 for $2.1 billion, giving the Chinese tech firm the firepower to win business clients from U.S. rivals.
UBS launches share-for-share exchange for new holding company
ZURICH (Reuters) – UBS said on Monday it was launching a share-for-share exchange to set up a new holding company, UBS Group AG, part of a restructuring drive to ensure it can be broken up more easily in a crisis.
Prada says owners being investigated by Italian authorities over tax
SHANGHAI (Reuters) – Italian luxury fashion house Prada SpA said on Monday its chairwoman Miuccia Prada and her husband, chief executive officer and fellow shareholder Patrizio Bertelli, are being investigated by Italian authorities over past taxes.
Lenovo says $2.1 billion IBM x86 server deal to close on Wednesday
BEIJING (Reuters) – Lenovo Group Ltd will close its acquisition of International Business Machines Corp’s x86 server division on Oct 1 for $2.1 billion, giving China’s biggest personal computer maker a major asset as it expands its offerings for busine…
Standard Chartered suspends certain Hong Kong operations
HONG KONG (Reuters) – Standard Chartered Plc has suspended some of its Hong Kong banking operations, including over-the-counter services and check deposits, until further notice due to “situations in certain areas”, the Asia-focused lender said on Mond…
Pimco sees $10 billion in withdrawals after Gross exit: WSJ
NEW YORK (Reuters) – Bill Gross’s exit from the investment firm Pimco had an immediate impact on the company, with investors withdrawing about $10 billion following the announcement, the Wall Street Journal reported, citing a person familiar with the m…
Japan’s SoftBank in talks to buy DreamWorks: source
TOKYO/NEW YORK (Reuters) – Japan’s SoftBank Corp is in talks to acquire DreamWorks Animation SKG , the Hollywood studio behind the “Shrek” and “Madagascar” movie hits, a person with knowledge of the situation said.
UK firms’ risk appetite picks up even as election looms: Deloitte
LONDON (Reuters) – British companies are feeling their most confident about taking on business risk in seven years despite worries about an election in 2015 and a possible referendum on Britain’s membership of the European Union, a survey showed on Mon…
