Who wants to be a billionaire? SoftBank academy vets Japan entrepreneurs
TOKYO (Reuters) – If Masayoshi Son, the billionaire founder and CEO of SoftBank Corp needs a fresh strategy to fend off a surprise French counterbid for a prized U.S. telecoms target, he could do worse than ask budding entrepreneurs at the SoftBank Aca…
Beijing to bar Symantec, Kaspersky anti-virus in procurement: report
BOSTON (Reuters) – China has excluded U.S.-based Symantec Corp and Russia’s Kaspersky Lab from a list of approved anti-virus software vendors, according to a Chinese media report suggesting Beijing is expanding efforts to limit use of foreign technolog…
Obama says CEOs should quit complaining: Economist
WASHINGTON (Reuters) – President Barack Obama said corporate America has done well under his economic policies, telling the Economist magazine that chief executive officers should stop complaining about regulations and show greater social responsibilit…
Private equity firms mull merger of older GSK, Sanofi brands: FT
(Reuters) – Private equity firms are mulling over a $10 billion plan to buy and merge older drug brands of Britain’s GlaxoSmithKline and France’s Sanofi , the Financial Times reported on Sunday, citing sources.
HSBC urges government to delay bank ring-fencing: Sky News
(Reuters) – HSBC Holdings Plc is urging Britain to delay its deadline for new rules forcing lenders to separate routine retail operations from riskier investment banking activities, until the outcome of an industrywide probe, Sky News reported on Sunda…
Portugal to rescue BES using remaining bailout money
LISBON (Reuters) – Troubled Portuguese lender Banco Espirito Santo is expected to be split into “bad” and “good” banks under a multi-billion euro state rescue plan being hashed out by Lisbon and EU authorities, people familiar with the talks said on Su…
McDonald’s CEO Thompson ‘under siege’ at home and abroad
(Reuters) – McDonald’s Corp CEO Don Thompson sure could use a break.
U.S. Export-Import bank backers to spend recess pushing for renewal
WASHINGTON Reuters) – As U.S. lawmakers headed home for the August recess, small-business owners, labor unions and other supporters of the Export-Import bank were preparing to spend the five-week break making their case to re-authorize the endangered l…
Exclusive: Goldman group set to buy message system as alternative to Bloomberg – sources
NEW YORK (Reuters) – Wall Street firms led by Goldman Sachs Group Inc are close to buying a stake in chat and instant messaging startup Perzo Inc in pursuit of an alternative to a similar application from Bloomberg LP, sources familiar with Goldman’s p…
Morgan Stanley lends to Lotto winner to boost tailored loans
NEW YORK (Reuters) – Early this year, a New York State Lottery winner in Brooklyn approached Morgan Stanley with a problem: he needed to borrow hundreds of thousands of dollars before he collected his prize money.
