Medtronic says still has room for more acquisitions
CHICAGO (Reuters) – Medtronic Inc on Monday said it will remain in the market for promising new technologies even as it absorbs Dublin-based medical device maker Covidien Plc in a $42.9 billion cash-and-stock deal.
Ex-Goldman director Gupta fights $13.9 million fine as prison awaits
NEW YORK (Reuters) – A day before he is scheduled to begin serving a two-year prison sentence for insider trading, former Goldman Sachs Group Inc director Rajat Gupta asked a federal appeals court to reduce a $13.9 million civil penalty and shorten his…
Sturdy U.S. manufacturing data bolster growth outlook
WASHINGTON (Reuters) – U.S. manufacturing output rose in May and factory activity in New York state accelerated sharply this month, buoying hopes of a strong rebound in economic growth this quarter.
IMF cuts U.S. growth outlook, says full employment years off
WASHINGTON (Reuters) – The International Monetary Fund cut its growth forecast for the United States on Monday and said the economy would not reach full employment until the end of 2017, allowing interest rates to be held near zero for longer than fina…
Exclusive: BNP hands years of oil trading files to U.S. in $10 billion probe
LONDON (Reuters) – French bank BNP Paribas , which is facing a potential $10 billion fine for breaking U.S. sanctions, has handed over to U.S. investigators files covering many years of its dealings with leading companies in the oil market.
Fischer sworn in as Fed vice chair, Brainard and Powell as board members
WASHINGTON (Reuters) – Stanley Fischer was sworn in as vice chair of the U.S. Federal Reserve and Lael Brainard took the oath of office to join the central bank’s board of governors, the Fed announced on Monday.
Opel reaches severance deal with Bochum staff
FRANKFURT (Reuters) – Opel, the European arm of General Motors, has reached a severance deal with workers at its Bochum factory in Germany, it said on Monday, a crucial step in the automaker’s restructuring.
BofA’s Merrill fined for mutual fund overcharges
(Reuters) – Bank of America Corp’s Merrill Lynch unit was fined $8 million and will reimburse $24.4 million to customers to settle allegations that it overcharged more than 47,000 retirement accounts and charities that invested in mutual funds.
IMF’s Lagarde urges ‘gradual path’ for Fed rate hikes
WASHINGTON (Reuters) – The head of the International Monetary Fund said on Monday that the U.S. Federal Reserve should move interest rates up only gradually when it finally begins to lift borrowing costs from near-zero.
American Airlines reaches tentative agreements with Machinists
(Reuters) – American Airlines Group Inc said it reached three tentative agreements with the International Association of Machinists, covering more than 11,000 US Airways mechanics, fleet service agents and maintenance training specialists.
