Ally shares may face bumpy road as private investors sell
(Reuters) – More than half of Ally Financial Inc’s shares could hit the market beginning next week and lasting through August, holding back its share price.
Exclusive: Japan’s GPIF to get new oversight in Abe reform – sources
TOKYO (Reuters) – Prime Minister Shinzo Abe is moving to shake up oversight of the world’s largest pension fund by giving it an expanded board with its first full-time members to steer a shift out of Japanese government bonds and into higher-yielding a…
Exclusive: Lockheed starts final assembly of new U.S. weather satellite
LITTLETON, Colorado (Reuters) – Lockheed Martin Corp has begun final assembly of a new U.S. weather satellite that will allow the U.S. government to provide far earlier warnings about potentially deadly tornadoes and solar flares when it is launched in…
Russia-China gas deal preparations in ‘final phase’ says Putin: Xinhua
SHANGHAI (Reuters) – Preparations for an agreement on long-awaited Russian natural gas exports to China have entered “the final phase”, China’s state-run Xinhua news agency on Monday quoted Russian President Vladimir Putin as saying ahead of a two-day …
Japan March core machinery orders jump 19.1 percent month-on-month
TOKYO (Reuters) – Japan’s core machinery orders jumped 19.1 percent in March from the previous month, government data showed on Monday, in a sign companies are more bullish about increasing business investment.
Convicted rogue trader Kerviel arrested in southern France
MENTON, France (Reuters) – Convicted rogue trader Jerome Kerviel was arrested in southern France late on Sunday to serve a three-year jail sentence in a high-profile case he has depicted as one individual’s struggle against high finance.
Cisco chief urges Obama to curb NSA surveillance activity
NEW YORK (Reuters) – Cisco Systems Inc’s chief executive officer has written a letter to President Barack Obama urging him to curtail government surveillance after evidence circulated showing the National Security Agency had intercepted Cisco equipment…
Japan business mood hit by tax hike; rebound seen ahead: Reuters Tankan
TOKYO (Reuters) – Japanese business confidence slid in May in a sign that last month’s sales tax hike is cooling activity, but the mood is seen improving in the months ahead, and some executives seemed more concerned about lukewarm exports hampering th…
AT&T to buy DirecTV for $48.5 billion as cellular growth eases
(Reuters) – AT&T plans to pay $48.5 billion to buy DirecTV, the top U.S. satellite TV operator, in a bid for growth beyond an increasingly competitive cellular market.
Major investment banks’ revenue falls 9 percent in first quarter
LONDON (Reuters) – Revenue at the world’s 10 largest investment banks fell nine percent to $42.8 billion in the first quarter, new data showed on Monday, as tough new rules forcing banks to hold more capital led to a retreat from riskier types of tradi…
