Singapore Airlines gets new CEO at troubled Tiger Air
SINGAPORE (Reuters) – Tiger Airways Ltd is replacing its chief executive officer with a Singapore Airlines Ltd’s board member, in a sign that its largest shareholder will wield greater influence at the troubled budget carrier.
HP to invest over $1 billion in open-source cloud computing
(Reuters) – Hewlett-Packard Co said it plans to invest more than $1 billion over the next two years to develop and offer cloud-computing products and services.
Alibaba’s deal-making ripples across Silicon Valley
SAN FRANCISCO (Reuters) – Alibaba Group Holding Ltd may be making its debut on Wall Street later this summer, but it’s certainly no stranger to the investors of Silicon Valley.
Washington delays big banks from writing wills before a collapse
WASHINGTON (Reuters) – Almost six years after Lehman Brothers collapsed, U.S. regulators still haven’t given Wall Street banks individual feedback on how to improve so-called “living wills” that detail how to go bankrupt without spending taxpayer dolla…
Insight: Pimco’s bad bets on emerging markets add to firm’s troubles
NEW YORK/SAO PAULO (Reuters) – Betting on emerging markets has led to losses for many over the past year – but among big investors few got the timing of their wagers as wrong as Pacific Investment Management Co, the giant bond firm that has recently be…
U.S. SEC expands probe into top banks’ hiring in Asia: WSJ
(Reuters) – A U.S. regulator has expanded its probe into major banks’ hiring practices in Asia and sent letters to at least five U.S. and European banks in early March seeking more information, the Wall Street Journal reported on Tuesday.
Fiat Chrysler bets on Jeep, Alfa revamp to go global
DETROIT (Reuters) – Fiat Chrysler is launching a breakneck global growth effort built around its upmarket Alfa Romeo, Jeep and Maserati brands, and CEO Sergio Marchionne pledged to stay five years – two more than previously disclosed – to see the plan …
JPMorgan closing accounts of foreign diplomats in U.S.: FT
(Reuters) – JPMorgan Chase & Co is closing the accounts of current and former foreign government officials in an attempt to avoid the compliance costs associated with them, the Financial Times reported on Tuesday.
China’s Alibaba embarks on U.S. IPO journey
SAN FRANCISCO (Reuters) – Alibaba Holdings Inc gave investors a closer look at the scale and growth of the Chinese e-commerce juggernaut in an IPO prospectus filed Tuesday in the first step of what could become the largest technology debut in history.
Disney beats forecasts as ‘Frozen’ fuels earnings
(Reuters) – Media company Walt Disney Co on Tuesday reported higher profit that beat Wall Street expectations for the quarter ended in March, boosted by the continued strength of its blockbuster animated film “Frozen.”
