Argentina’s Fernandez to meet billionaire investor Soros in New York
BUENOS AIRES (Reuters) – Argentine President Cristina Fernandez on Monday will meet bondholder and billionaire financier George Soros, who is suing a U.S. bank caught in the middle of the country’s latest debt default, a government minister said.
AutoZone sales disappoint as customers prefer new cars to repairs
(Reuters) – Auto parts retailer AutoZone Inc reported weaker-than-expected quarterly revenue as a strengthening U.S. economy encouraged consumers to buy new vehicles instead of repairing existing ones.
Chrysler recalls 230,760 SUVs globally for fuel pump issue
DETROIT (Reuters) – Chrysler Group is recalling an estimated 230,760 sport utility vehicles globally to install a new part to prevent a fuel pump issue that could cause the vehicles to stall or not start.
After China, GlaxoSmithKline faces pressure for change
LONDON (Reuters) – GlaxoSmithKline may have closed one chapter in a saga of corruption allegations by accepting a $489 million fine in China, but the drugmaker has its work cut out to win back skeptical investors.
Asian shares slip, dollar pulls away from highs
TOKYO (Reuters) – Asian shares skidded on Monday as investors awaited data this week that could provide more evidence of a slowdown in China, while the dollar gave back a little of its recent gains.
Alibaba issues additional shares to raise IPO total to $25 billion: report
The underwriters of Alibaba Group Holding Ltd BABA.N’s IPO have issued additional shares, according to the Wall Street Journal, bringing the IPO’s size to about $25 billion and making it the largest initial public offering in history.
Exclusive: Siemens near deal to buy Dresser-Rand – sources
NEW YORK/LONDON (Reuters) – Industrial conglomerate Siemens AG is near an agreement to acquire U.S. oilfield equipment maker Dresser-Rand Group Inc for all cash, according to people familiar with the matter, in a move that would significantly boost the German company’s oil and gas business in North America.
Japan’s SoftBank shares down over 2 percent after Alibaba listing
TOKYO (Reuters) – Shares of SoftBank Corp were down more than 2 percent in early trade on Monday following the listing on Friday of Alibaba Group Holding Ltd , in which the Japanese telecommunications company holds a 32 percent stake.
Bank of America shares to rise 50 percent in three years: Barron’s
(Reuters) – Bank of America Corp , the second-largest U.S. bank by total assets, could see its shares climb 50 percent over the next three years, Barron’s financial newspaper said on Sunday.
Exclusive: Siemens near deal to buy Dresser-Rand – sources
NEW YORK/LONDON (Reuters) – Industrial conglomerate Siemens AG is near an agreement to acquire U.S. oilfield equipment maker Dresser-Rand Group Inc for all cash, according to people familiar with the matter, in a move that would significantly boost the German company’s oil and gas business in North America.
