Argentina may fume over debt but seen driven to make deal
NEW YORK (Reuters) – Argentina may hyperventilate about greedy hedge funds right up to and past the point of another default on $100 billion of bonds, but posturing and talk won’t stop events beyond its control from forcing a settlement with holdout bo…
France picks GE for Alstom, but says still work to do
PARIS (Reuters) – France chose General Electric to form an alliance with Alstom on Friday, rejecting an offer from Siemens and Mitsubishi Heavy Industries, but said the deal still needed some work and added the government would buy a 20 percent stake i…
Argentina says it has no team for talks in debt battle
BUENOS AIRES/NEW YORK (Reuters) – Argentina hasn’t prepared a team to go to New York to negotiate with holdout bondholders, Cabinet chief Jorge Capitanich said on Thursday, casting doubt over whether it will seek a deal to stave off a debt default.
U.S. reviewing reports of exhaust-gas leak in Ford Explorers
(Reuters) – The National Highway Safety Traffic Administration said on Friday it was reviewing reports that exhaust gases, including carbon monoxide, may enter the passenger compartment of some Ford Explorers, a potential safety issue that has prompted…
Publicis to focus on digital deals after merger collapse
CANNES FRANCE (Reuters) – Publicis boss Maurice Levy plans to shift the French advertising group more quickly and deeply into digital services following last month’s collapse of his plan to merge with Omnicom to create the world’s largest ad agency.
Verizon Wireless looking to buy Dish Network’s spectrum: NY Post
(Reuters) – Verizon Communications Inc unit Verizon Wireless is looking to buy satellite-TV operator Dish Network Corp’s spectrum to improve wireless internet speeds, the New York Post reported, citing sources familiar with the matter.
Exclusive: EU warns Ireland it could expand tax probe beyond Apple – source
BRUSSELS (Reuters) – The European Commission has told Ireland it may investigate more companies as part of a probe into the country’s tax practices, after announcing a formal probe into Apple Inc’s Irish subsidiaries, a person familiar with the matter …
EU closes tax loophole for multinational firms
LUXEMBOURG (Reuters) – The European Union on Friday moved to close a loophole that has allowed multinational companies to reduce their tax bills by exploiting differences in national tax rules, ending months of negotiations and potentially boosting EU …
Iraq worries keep oil near $115 a barrel
LONDON (Reuters) – Oil traded at close to nine-month highs on Friday, on course for a second week of gains, as violence in Iraq raised worries over supplies. Stock markets remained upbeat.
Yellen gives the green light for more stock gains
NEW YORK (Reuters) – Federal Reserve chief Janet Yellen signaled that rational exuberance is just fine.
