American Apparel creditor demands loan repayment
(Reuters) – Lion Capital has asked American Apparel to repay a $10 million loan four years early after the retailer ousted its founder and CEO Dov Charney on June 18, said a source close to the matter Friday.
Exclusive: HP to settle suits over Autonomy deal; make claim against ex-CEO Lynch
(Reuters) – Hewlett-Packard Co HPQ.N and attorneys representing shareholders have agreed to settle litigation over its troubled $11.1 billion acquisition of British software company Autonomy Corp, according to a source familiar with the negotiations.
Monte Paschi raises 4.99 billion euros in rights issue
MILAN (Reuters) – Italy’s Banca Monte dei Paschi di Siena said on Friday it had raised 4.99 billion euros ($6.81 billion) through a sale of new shares, allowing it to repay much of its state aid and increasing chances it could pass an EU review of bank…
Dollar General CEO to retire, Icahn’s proposed merger in doubt
(Reuters) – Dollar General Corp said CEO Rick Dreiling will retire next year, throwing into doubt a proposal by Carl Icahn to merge the discount retailer with Family Dollar Stores Inc .
Daimler and Nissan to invest $1.36 billion to build premium small cars
FRANKFURT/PARIS (Reuters) – Daimler AG and Nissan Motor Co are jointly investing $1.36 billion to develop premium small cars and build a factory in Mexico, the companies said on Friday, in a step that deepens cooperation between the Mercedes-Benz and I…
Luxembourg launches probe into Espirito Santo holding companies
BRUSSELS/LISBON (Reuters) – Luxembourg’s justice authorities have begun an investigation into three holding companies of Portugal’s Espirito Santo banking family, the biggest shareholder in Portugal’s largest listed bank which bears their name.
All is not lost for Ex-Im Bank amid Republican jockeying
WASHINGTON (Reuters) – The U.S. Export-Import Bank, derided by conservative critics as an expensive boondoggle, may win a reprieve from what looked like almost certain death in Congress if enough Republicans can be persuaded to let it live on, but with…
Barclays enlists outside help in dark pools probe
LONDON (Reuters) – Barclays Plc said it is bringing in outside help to speed up an investigation into alleged misconduct in its “dark pool” operations, which have rekindled concerns that the cost of past problems at its investment bank will rise.
Red Bull settles with U.S. on Cuba sanctions violations: Treasury
WASHINGTON (Reuters) – The U.S. Treasury Department said on Friday that energy drinks firm Red Bull North America settled a potential civil liability suit for alleged violations of U.S. sanctions against Cuba.
Fiat Chrysler heads for Wall Street, schooled by struggling sister truckmaker
MILAN (Reuters) – Sergio Marchionne needs a New York stock market listing to bring in the investors required to fund future growth at Fiat Chrysler, but a lukewarm response to the chief executive’s most recent Wall Street launch suggests he has a bumpy…
