Banking skills, not name, key to Ana Botin’s success at Santander
MADRID (Reuters) – Ana Botin’s appointment at the head of Santander signals a continuity in strategy at the bank that has pleased analysts and investors, with banking sources expecting her to prove herself by growing the lender through acquisitions and…
Kroger boosted by acquisitions; stock down on sales view
(Reuters) – Kroger Co, the biggest U.S. supermarket operator, raised its full-year profit forecast and reported a better-than-expected 9 percent increase in quarterly profit on Thursday, helped by the acquisition of Harris Teeter Supermarkets Inc.
After default, Argentina economy falling into deeper hole
BUENOS AIRES (Reuters) – Argentina’s government is ramping up state intervention in the economy to try to prevent a new debt default from triggering a balance of payments crisis but its policies are also battering business confidence and may deepen a r…
EMC considers selling stake in VMware: NY Post
(Reuters) – Data storage products maker EMC Corp has decided to explore selling its stake in its software unit, VMware Inc, giving into pressure from Paul Singer-run activist hedge fund Elliott Management Corp, the New York Post reported, citing source…
Alcoa signs Boeing deal worth more than $1 billion
(Reuters) – Alcoa Inc has signed a long-term contract to supply planemaker Boeing Co with aluminum sheet and plate that is worth more than $1 billion, the metals company said on Thursday.
Argentina’s Congress passes debt restructuring law
BUENOS AIRES (Reuters) – Argentina’s Congress gave final approval on Thursday to a law that would restructure the country’s debt to skirt a U.S. court ruling that forced it into its second default in 12 years, although its efficacy looked uncertain.
Florida’s new insurance sector may be ‘accident waiting to happen’
ORLANDO Fla. (Reuters) – As Florida seeks to revive its private home insurance market after almost a decade without a hurricane, homeowners are pouring $6 billion a year in premiums into a new generation of small, in-state insurance companies with an u…
Fiat CEO sticks to 2014 guidance
BALOCCO Italy (Reuters) – Fiat Chrysler CEO Sergio Marchionne said on Thursday he saw no reason at present to review the carmaker’s 2014 financial guidance despite weakness in Europe and Latin America.
Exclusive: Airbus CEO criticizes German government over defense export block
BERLIN (Reuters) – The chief executive of aerospace and defense group Airbus criticized the German government on Thursday for its restrictive export policy on defense goods, saying it could deter international partners from cooperating on future defens…
Senators urge Burger King to ditch move to Canada
WASHINGTON (Reuters) – A group of U.S. senators wants Burger King Worldwide to scrap its plans to invert, or move its tax domicile to Canada, as part of a deal to buy coffee and donut chain Tim Hortons Inc .
