End of the Wirtschaftswunder? Germany’s sudden slowdown
BERLIN (Reuters) – The German soccer team’s romp to victory in last month’s World Cup was hailed at home as a symbol of the country’s emergence as a confident global economic power.
Stocks, bonds set for weekly gain on loose policy
LONDON (Reuters) – European stocks rose on Friday and were on track for their biggest weekly gains since mid-February, while German Bund yields held near record lows as recent weak data increased expectations for central bank action to lift the economy…
Regulators pushing banks to rid casinos of money-laundering
NEW YORK (Reuters) – Large global banks are facing increased pressure from U.S. regulators to clamp down on casino money-laundering as the government pushes the industry to police not only its own transactions but customers’ as well.
GSK-linked investigators will not appeal China sentence: lawyer
SHANGHAI (Reuters) – British corporate investigator Peter Humphrey and his American wife Yu Yingzeng do not plan to appeal a Chinese court’s decision to sentence them to prison, a lawyer told Reuters on Friday.
Slow pace of rail recovery stirs fear of future woes
TORONTO (Reuters) – More than eight months after an extreme winter began snarling North American rail traffic, a Reuters analysis of industry data shows delays lingering, raising the risk of a second winter of chaos on the rails.
Smaller banks see regulatory relief after U.S. elections
WASHINGTON (Reuters) – All but the biggest U.S. banks could see relief from some financial reforms after the November elections even if control of the U.S. Congress remains divided between Democrats and Republicans.
Top hedge funds flocked to Allergan amid bid backed by Ackman
BOSTON (Reuters) – Billionaire investor William Ackman, who often says he is flattered when others follow him into a stock he likes, was joined by several prominent hedge funds that made new bets on takeover target Allergan Inc during the second quarte…
Pershing Square sues U.S. over Fannie Mae, Freddie Mac
(Reuters) – Pershing Square Capital Management LP, the hedge fund firm run by William Ackman, has sued the U.S. government, claiming that its stripping of Fannie Mae’s and Freddie Mac’s profit illegally short changes investors in the mortgage companies…
Coca-Cola pays $2.2 billion for major stake in Monster Beverage
NEW YORK (Reuters) – Coca-Cola Co said Thursday it is making a cash payment of $2.15 billion for a 16.7 percent stake in Monster Beverage Corp as the world’s largest soda maker seeks to expand into faster-growing categories such as energy drinks.
U.S. retailers feel the pinch as frugal shoppers curb spending
(Reuters) – Weak results from the likes of Wal-Mart Stores Inc and Macy’s Inc are the latest sign less affluent U.S. consumers are still pinching their pennies and the trend appears to be hurting upmarket retailers as well.
