Upsurge in hacking makes customer data a corporate time bomb
WASHINGTON (Reuters) – With hackers stealing tens of millions of customer details in recent months, firms across the globe are ratcheting up IT security and nervously wondering which of them is next.
Lloyds prices TSB stock market listing below book value
LONDON (Reuters) – Britain’s Lloyds Banking Group has priced the stock market listing of its TSB business at below book value, aiming to attract investors amid a flurry of new issues and make progress on a much-delayed, costly sale.
Obama to issue order easing student loan debt pressures
WASHINGTON (Reuters) – President Barack Obama will issue an executive action on Monday aimed at making it easier for young people to avoid trouble repaying student loans, a White House official said on Sunday.
S&P 500 nearing the 2K summit
NEW YORK (Reuters) – Investors have spent several months deciphering the mixed signals from the U.S. economy, and yet the S&P 500 has kept moving higher, slowly but surely, putting it just shy of the 2,000 mark.
Credit Suisse mulls U.S. fixed income spin off: report
(Reuters) – Credit Suisse is mulling a plan to spin off part of its fixed income business in the United States in order to help trim costs, according to a report in the Financial Times.
Lloyds Bank to price TSB IPO below book value: sources
LONDON (Reuters) – Lloyds Banking Group will on Monday price the sale of a 25 percent stake in its TSB business at below its book value, according to industry sources.
Detroit rolls dice by relying on casino cash
DETROIT/NEW YORK (Reuters) – Detroit’s reliance on casino cash to help fund a recovery from the city’s historic bankruptcy is a high-risk bet on what is an increasingly shaky source of income.
Investors look to China and U.S. after ECB fights deflation risk
BRUSSELS (Reuters) – This week’s light calendar gives investors room to digest the European Central Bank’s radical moves to avert deflation and look beyond U.S. data which, in more normal times, might imply higher interest rates.
Kjell Inge Roekke, Norway’s gigantomaniac tycoon
OSLO (Reuters) – He is the self-made man who changed the way business was done in Norway, and from this week, Kjell Inge Roekke, a flamboyant billionaire with an explosive temper and a taste for the supersized, can also call himself an oil baron.
Alitalia CEO says job cuts from Etihad tie-up 2,200: report
MILAN (Reuters) – The head of Alitalia expects around 2,200 jobs to go under a planned tie-up with Gulf carrier Etihad Airways, he was quoted as saying by La Repubblica newspaper on Sunday.
