Stryker denies planning Smith & Nephew bid
LONDON (Reuters) – U.S. medical devices manufacturer Stryker Corp SYK.N has denied any intention of making a bid for UK rival Smith & Nephew Plc SN.L, whose shares had spiked higher after a report that Stryker was planning a bid.
Blackrock’s Fink says letter to CEOs triggered angry phone calls
BOSTON (Reuters) – Blackrock Inc Chief Executive Larry Fink, who runs the world’s largest asset manager, said on Wednesday he has fielded angry phone calls over a letter he sent in March to S&P 500 executives that warned them about the perils of short-term thinking.
Goldman has cut bond trading staff by 10 percent since 2010: COO
NEW YORK (Reuters) – Goldman Sachs Group Inc has cut fixed-income trading staff by 10 percent since 2010 to reduce costs, President and Chief Operating Officer Gary Cohn said on Wednesday.
MasterCard extends zero liability policy to ATM transactions
(Reuters) – MasterCard Inc, the world’s second largest debit and credit card company, said it was extending its zero liability policy in the United States to include all PIN-based and ATM transactions.
Siemens in talks to sell stake in household goods venture to Bosch: sources
FRANKFURT (Reuters) – German engineering group Siemens is in final stage talks to sell its 50 percent stake in a household goods joint venture to partner Robert Bosch [ROBG.UL], two sources familiar with the matter said on Wednesday.
India’s Infosys says board member Srinivas resigns
(Reuters) – Infosys Ltd president and board member B.G. Srinivas has resigned, the company said on Wednesday, the latest in a series of senior management exits at India’s second-largest software services exporter.
Nestle boosts skincare business with $1.4 billion Valeant deal
LONDON/ZURICH (Reuters) – Swiss food group Nestle stepped up its drive into the fast-growing skincare market on Wednesday, buying the rights to several treatments for facial lines and wrinkles from Valeant Pharmaceuticals International for $1.4 billion…
U.S. factory, confidence data boost growth prospects
WASHINGTON, May 27 (Reuters) – Orders for long-lasting U.S. manufactured goods unexpectedly rose in April and consumer confidence perked up in May, supporting views of a rebound in economic growth.
German jobless rise biggest in five years, mild winter blamed
BERLIN (Reuters) – German unemployment posted its strongest monthly rise in over five years in May, but the Labour Office said mild winter weather was largely to blame for the unexpectedly weak figures.
U.S. data, ECB easing bets feed risk appetite
LONDON, (Reuters) – Strong economic data in the United States shored up Asian stocks to one-year highs on Wednesday, with another record close for the S&P 500 underpinning risk appetite and sending safe-haven gold to 3-1/2 month lows.
