Air New Zealand to place new Airbus jet order: sources
DOHA (Reuters) – Air New Zealand is close to placing an order for around a dozen A320-family aircraft worth well over $1 billion at list prices to expand its fleet of mainly Airbus medium-haul jets, industry sources said on Saturday.
Online banking thefts hit Japan firms prompting compensation rethink
TOKYO (Reuters) – Hackers stole nearly $2 million from the online bank accounts of Japanese businesses in April, a surge in theft that has prompted some banks to curtail online services and rethink compensation policies, executives and regulators say.
Valeant boosts $53.8 billion Allergan bid as Ackman opts for stock
(Reuters) – Valeant Pharmaceuticals International Inc said on Friday it would boost its takeover bid for Botox-maker Allergan Inc for the second time this week, contingent on the two sides negotiating.
Fed officials say rates should not be used to fight bubbles
PALO ALTO Calif. (Reuters) – A trio of Federal Reserve officials who disagree deeply with one another over the appropriate stance of monetary policy on Friday expressed a shared distrust for using interest rates to head off asset bubbles and other form…
U.S. bond market faces possible reckoning
NEW YORK (Reuters) – The rally in U.S. Treasury bonds surprised many, taking 10-year yields to their lowest levels in 11 months. Jobs data and the European Central Bank meeting next week will determine whether bond prices have further to go.
SEC loses insider trading case against New York fund manager
NEW YORK (Reuters) – The U.S. Securities and Exchange Commission suffered a loss on Friday when a jury cleared a New York hedge fund manager and two others accused of engaging in a $1.3 million insider trading scheme in 2001.
Exclusive: Intel TV creator leaves Verizon months after deal
SAN FRANCISCO/NEW YORK (Reuters) – Erik Huggers is leaving Verizon Communications Inc just five months after joining the company via the acquisition of the Intel Corp “OnCue” streaming service he developed, signaling the communications giant’s waning interest in providing an Internet-delivered TV service.
Valeant boosts $53.8 billion Allergan bid as Ackman opts for stock
(Reuters) – Valeant Pharmaceuticals International Inc said on Friday it would boost its takeover bid for Botox-maker Allergan Inc for the second time this week, contingent on the two sides negotiating.
Los Angeles sues JPMorgan, alleges discriminatory lending
(Reuters) – The City of Los Angeles has sued JPMorgan Chase & Co , accusing the largest U.S. bank of engaging in discriminatory mortgage lending practices that drove up foreclosures among minority borrowers.
IMF board approves $4.6 billion in aid for Greece
WASHINGTON (Reuters) – Greece is set to receive $4.6 billion from the International Monetary Fund after the institution’s board on Friday signed off on the latest review of Greece’s rescue package.
