European stocks fall back as Ukraine tension grows
LONDON (Reuters) – European shares fell on Tuesday, throwing a rally in the U.S. and Asia into reverse, and the euro dipped toward nine-month lows against the dollar as reports a Russian aid convoy was heading to Ukraine ratcheted up tension between Ki…
ValueAct takes $1 billion stake in 21st Century Fox
(Reuters) – Hedge fund ValueAct Capital LLC said it had taken a $1 billion stake in Rupert Murdoch-controlled film and TV company Twenty-First Century Fox Inc FOXA.O.
Lawyers pitch to lead GM ignition-switch cases
NEW YORK (Reuters) – Lawyers from across the United States gathered in Manhattan Monday to jockey for leadership roles in litigation against General Motors over a faulty ignition switch that has prompted the recall of millions of vehicles.
Consumer Reports: Tesla Model S has ‘more than its share of problems’
DETROIT (Reuters) – Consumer Reports, which last year gave top marks to electric carmaker Tesla Motors Inc’s Model S sedan, now says the car it owns has had “more than its share of problems.”
Boeing expects most of defense unit cost cuts from supply chain
SEATTLE (Reuters) – The head of Boeing Co’s defense, space and security business said on Monday that nearly two-thirds of the $6 billion in cost cutting the unit is undertaking will come from savings found in its network of suppliers.
Exclusive: Standard Chartered to scour records for money laundering, with penalty at stake
(Reuters) – Standard Chartered Plc will soon begin sifting through a mountain of data for signs of possible money laundering or other criminal activity, as a result of faults in the software critical to its anti-money laundering compliance program, two…
Wall Street ends up for second day on hopes for Russia relief
NEW YORK (Reuters) – U.S. stocks ended higher on Monday, extending the rally from Friday as investors hoped that Russia’s move to send humanitarian aid to Ukraine would ease tensions between the two countries.
Exclusive: Private equity seeks assurances from U.S. regulators over loans
(Reuters) – The private equity industry’s lobbying group met officials from the Office of the Comptroller of the Currency and the Federal Reserve last week to address concerns over a crackdown on junk-rated loans, people familiar with the matter said o…
ArcelorMittal’s Brazil head says local price outlook stable
SAO PAULO (Reuters) – ArcelorMittal does not see any need to cut local steel prices in Brazil despite a weakening economy and a higher level of imports, the company’s head of operations in Brazil said on Monday.
Exclusive: ValueAct CEO says Valeant does not need to buy Allergan
NEW YORK (Reuters) – ValueAct Capital, a top shareholder in Valeant Pharmaceuticals International Inc , supports the company’s independent business plan and does not believe the Canadian drugmaker has to buy Allergan Inc , the investor told Reuters on …
