U.S. readies duties on Mexican sugar in win for sugar lobby
MEXICO CITY/WASHINGTON (Reuters) – The United States is set to slap import duties as high as 17 percent on Mexican sugar in a victory for the powerful U.S. sugar industry but a blow to U.S. candy and soft drink makers who face paying more for the sweet…
AT&T merges wireless and business units led by de la Vega
WASHINGTON (Reuters) – AT&T Inc is merging its wireless and business divisions into a single unit led by Ralph de la Vega, former chief executive of the company’s wireless segment, a spokesman for AT&T said on Tuesday.
U.S. loses bid to dismiss ex-AIG CEO’s $25 billion lawsuit over bailout
(Reuters) – A federal judge has rejected the United States’ bid to dismiss a more than $25 billion lawsuit filed by Maurice “Hank” Greenberg, the former chief executive of American International Group Inc, over the insurer’s government bailout, clearin…
Kleiner to invest in messaging startup Snapchat at near-$10 billion valuation: report
SAN FRANCISCO (Reuters) – Venture capital firm Kleiner Perkins Caufield & Byer has agreed to invest in fast-growing messaging startup Snapchat at a valuation close to $10 billion, the Wall Street Journal reported on Tuesday, citing people with knowledge of the matter.
CFTC fines Merrill Lynch $1.2 million for client fee errors
WASHINGTON (Reuters) – The U.S. futures regulator said on Tuesday it had fined a unit of Bank of America Corp $1.2 million for failures to supervise the processing of fees charged to its customers over a period of three years.
Allergan, facing shareholder demands, calls special meeting for December 18
(Reuters) – Allergan Inc said on Tuesday that it has scheduled a special shareholders meeting for Dec. 18, when activist investor Bill Ackman, who supports a hostile bid for the company by Valeant Pharmaceuticals Inc, will attempt to oust most of its b…
After disasters, stricken Malaysia Airlines staff brace for job cuts
KUALA LUMPUR (Reuters) – As bodies from downed Flight MH17 were brought home last week, a group of Malaysia Airlines flight attendants, in black mourning headscarves contrasting with their pink and turquoise uniforms, sobbed and clung to each other in …
S&P 500 scores first close above 2,000; data helps
NEW YORK (Reuters) – U.S. stocks edged higher on Tuesday to lift the S&P 500 just a hair above the 2,000 mark, its first close above that milestone, after data that pointed to a brighter future for the economy.
Exxon Mobil unit to pay $1.4 million penalty for Louisiana oil spill
WASHINGTON (Reuters) – An Exxon Mobil Corp unit has agreed to pay $1.4 million to resolve U.S. government claims over a 2012 crude oil spill in Louisiana, the U.S. Justice Department said on Tuesday.
BNY Mellon sucked into center of Argentine debt storm
BUENOS AIRES/NEW YORK (Reuters) – Bank of New York Mellon found itself front and center of Argentina’s debt battle on Tuesday after the South American country stripped its authorization to operate there and bondholders seeking payment filed a lawsuit a…
