Argentina seeks U.S. court stay to avoid new debt crisis
BUENOS AIRES (Reuters) – Argentina asked a U.S. judge on Monday to issue a stay of his ruling against the country in its case against “holdout” creditors, as it sought to avoid a new default that would further punish an economy already slipping into re…
Alstom workers relieved as GE wins takeover bid
BELFORT France (Reuters) – For Alstom workers in eastern France, news that General Electric has beaten rival bidder Siemens to a tie-up with their firm has brought relief and a response perhaps best summed up by the saying “better the devil you know”.
Asian shares muted, currencies in well-worn ranges
NEW YORK (Reuters) – Asian shares were subdued on Tuesday while major currencies kept to recent snug ranges after a surprisingly soft reading on euro zone manufacturing took the shine off better data from China, Japan and the United States.
Dean Foods, Clorox subpoenaed in Icahn in insider-trading probe: WSJ
(Reuters) – U.S. authorities have sought information from Dean Foods Co and Clorox Co in connection with an insider-trading investigation of billionaire investor Carl Icahn, the Wall Street Journal reported, citing people familiar with the matter.
Allergan plans to raise earnings outlook: CEO
SAN DIEGO (Reuters) – Allergan Inc , seeking to win over shareholders as it fights a hostile takeover offer from Valeant Pharmaceuticals International Inc , will raise its earnings outlook when it reports second-quarter results, said Chief Executive Of…
Argentina seeks U.S. court stay to avoid new debt crisis
BUENOS AIRES (Reuters) – Argentina asked a U.S. judge on Monday to issue a stay of his ruling against the country in its case against “holdout” creditors, as it sought to avoid a new default that would further punish an economy already slipping into re…
Cosmetics maker Avon Products to cut about 600 jobs
(Reuters) – Cosmetics maker Avon Products Inc said it would cut about 600 jobs, including in its North America unit, as the company struggles to return to profit.
MBIA says Credit Suisse hid crucial documents in U.S. mortgage case
NEW YORK (Reuters) – Credit Suisse Group AG has withheld many key documents from MBIA Inc in a lawsuit accusing the Swiss bank of lying about how it processed loans used in mortgage-backed securities, and it should be ordered to review whether it has m…
Wall Street ends flat after six-day rally, energy rises
NEW YORK (Reuters) – U.S. stocks ended a quiet session on Monday essentially unchanged as investors found few reasons to keep buying following a six-day rally in the S&P 500, though merger activity lifted energy shares.
SNC-Lavalin bulks up energy business with $2 billion Kentz buy
TORONTO (Reuters) – Canada’s SNC-Lavalin Group Inc will buy resource-sector engineering group Kentz Corp in a 1.16 billion pound ($2 billion) deal that SNC said on Monday will accelerate its turnaround plan, including the sale of noncore assets.
