World stocks at record high, gold holds gains as dollar dips
SYDNEY (Reuters) – An index of global stocks nestled near record highs on Friday while gold celebrated its biggest one-day rise in nine months as markets wagered monetary policy would stay super loose in the United States, Europe and Japan for a long t…
Siemens, Mitsubishi improve offer for Alstom’s energy assets
FRANKFURT (Reuters) – Siemens and Mitsubishi Heavy Industries (MHI) raised their offer for Alstom’s energy businesses to compete with a revised bid by U.S. rival General Electric.
TPG, Carlyle eye $2.4 billion IPO for Australia’s Healthscope: source
HONG KONG (Reuters) – Buyout firms TPG Capital and Carlyle Group are targeting a $2.4 billion initial public offering of shares in Australia’s Healthscope Ltd as their most-favored option for the country’s second-biggest private hospitals operator, a s…
Exclusive: BofA asks Holder to meet with its CEO – sources
NEW YORK/WASHINGTON (Reuters) – Brian Moynihan may be taking a play out of Jamie Dimon’s book.
Judge lets DoJ proceed with fraud case against Bank of America
(Reuters) – A North Carolina judge ruled on Thursday that a Justice Department lawsuit against Bank of America Corp could move forward, allowing the complainant 30 days to file its amended petition.
Twitter splits former COO’s duties between two executives
(Reuters) – Twitter Inc split the roles of recently departed chief operating officer, Ali Rowghani, at a time when the microblogging site is seeking to revive slowing user growth.
As western automakers embrace aluminum, Asia still welded to steel
SEOUL (Reuters) – About four years ago, Hyundai Motor considered shifting from steel to aluminum body parts for its Genesis sedan to make it lighter, more fuel-efficient and more competitive with German luxury marques, two people familiar with the matt…
GE reshapes Alstom offer to appease France
PARIS (Reuters) – General Electric GE.N revised its bid for the power arm of Alstom ALSO.PA on Thursday, offering alliances in energy and rail to appease the French government and beat a rival proposal by Siemens SIEGn.DE and Mitsubishi Heavy Industrie…
Details emerge about GM plan to pay ignition-switch victims
(Reuters) – General Motors Co may end up compensating many more people than the families of 13 victims it has linked to a faulty ignition switch, as it considers waiving key legal defenses in order to resolve injury and death cases out of court.
Icahn threatens proxy war if Family Dollar not put up for sale
(Reuters) – Activist investor Carl Icahn asked struggling retailer Family Dollar Stores Inc to put itself up for sale immediately, threatening a proxy war to replace the company’s entire board if a sale process was not started.
