SEC probes Pimco chief Bill Gross’s ETF bond fund
(Reuters) – U.S. regulator the Securities and Exchange Commission is investigating whether bond fund manager Pimco inflated the returns of its Total Return Exchange-Traded Fund run by founder Bill Gross, who has come under renewed fire from investors t…
Airbus raises 20-year total aircraft demand forecast to 31,400 jets
TOULOUSE France (Reuters) – Airbus hiked its 20-year forecast for jet demand on Wednesday, led by growth in emerging markets as China stands on the brink of becoming the world’s leading aviation powerhouse.
U.S. Treasury denies allowing ‘excessive’ executive pay at GM, Ally
DETROIT (Reuters) – The U.S. Treasury last year permitted top executives at General Motors Co and Ally Financial Inc to collect “excessive pay” while those companies were part of a taxpayer-funded government loan program, a special inspector general re…
BNP Paribas board meets Friday to replace Chairman Prot: sources
PARIS (Reuters) – BNP Paribas Chairman Baudouin Prot, shaper of the French bank’s strategy for more than a decade, has quit and the board will meet on Friday to decide on his replacement, sources close to the situation said.
GSK to name RBS’s Hampton as new chairman this week
LONDON (Reuters) – Drugmaker GlaxoSmithKline will this week name Philip Hampton, who currently chairs Royal Bank of Scotland , as its next chairman, a person close to the process said on Wednesday.
Grocery chain Smart & Final’s shares rise about 11.6 percent in debut
(Reuters) – Shares of Smart & Final Stores Inc rose about 11.6 percent in their market debut, valuing the century-old warehouse-style grocery chain at about $1 billion.
Renault, Mercedes recall vans for faulty brake lines
FRANKFURT/PARIS (Reuters) – Renault has recalled almost half a million vehicles for brake problems also affecting Daimler’s Mercedes-Benz Citan delivery vans, built in a French plant under the two carmakers’ manufacturing partnership.
Actavis in buyout talks with Salix: CNBC
(Reuters) – Actavis Plc is in buyout talks with Salix Pharmaceuticals Ltd , CNBC reported on Wednesday.
ECB’s plans to revive bank lending leave economists unconvinced: Reuters poll
(Reuters) – Bank lending to private euro zone businesses needs to grow at a 3 percent annual rate on a sustained basis in order to stir inflation, according a Reuters poll of economists who say that is not likely to happen.
Comcast accuses Discovery of ‘extortionate demands’ in merger filing
WASHINGTON (Reuters) – Media company Discovery Communications Inc demanded business concessions as a condition for not opposing Comcast Corp’s bid for Time Warner Cable Inc, Comcast told U.S. regulators in a filing on Tuesday.
