Wall St. rises; Internet, biotech names lift Nasdaq
NEW YORK (Reuters) – U.S. stocks rose on Monday, with a rally in high-growth names among Internet and biotech shares giving the Nasdaq a gain of almost 1 percent.
Deutsche Bank chairman leads battle for the bulge bracket
FRANKFURT (Reuters) – Paul Achleitner, the chairman of Deutsche Bank , believes Europe needs a global investment bank to support the region’s companies that can measure up to rivals in the United States.
Sprint to pay $7.5 million in record U.S. settlement for unwanted calls
WASHINGTON (Reuters) – Sprint Corp will pay $7.5 million to settle allegations that it failed to spare consumers from unwanted telemarketing calls, U.S. communications regulators said on Monday.
Fed’s super-easy policies pose risks, officials say
DALLAS (Reuters) – The Federal Reserve’s super-easy policies, if pursued for too long, could have adverse consequences in the long run, two top Fed officials said on Monday, although the biggest risk is not runaway inflation.
AT&T deal opens era of competition with Mexico’s Slim
MEXICO CITY (Reuters) – For a generation, AT&T and Mexican billionaire Carlos Slim’s telephone business stood side by side and grew to become giants of the industry north and south of the Rio Grande.
Suspended jail term cut on appeal for ex-Vivendi boss
PARIS (Reuters) – A French court on Monday cut from three years to 10 months the suspended jail term handed to former Vivendi chief executive Jean-Marie Messier in his appeal against a 2010 conviction for misuse of corporate assets.
GM names new top spokesman Cervone, turning to old hand
DETROIT (Reuters) – General Motors Co has turned to an old hand to lead its global communications as it deals with the fallout of a defective ignition-switch issue linked to at least 13 deaths and the recall of 2.6 million vehicles.
Campbell cuts sales forecast as U.S. soup sales cool
(Reuters) – Campbell Soup Co , the world’s largest soup maker, cut its full-year sales forecast as the competition in the cheap-and-easy meals category shows no sign of cooling.
AT&T makes bet on video with $48.5 billion DirecTV bid
(Reuters) – AT&T Inc plans to pay $48.5 billion to buy DirecTV, in the latest sign that the wireless industry and the U.S. television market are set to converge as customers consume more video on their mobile devices.
No liability for BofA for allegedly concealing $10 billion AIG case
NEW YORK (Reuters) – A federal appeals court said Bank of America Corp was not liable to shareholders for allegedly concealing a $10 billion fraud lawsuit by American International Group Inc, whose filing led to a 20-percent one-day plunge in the bank’…
