UK’s Labour call for inquiry into Pfizer’s AstraZeneca bid
LONDON (Reuters) – Britain’s opposition Labour party called on Sunday for an inquiry into a potential takeover of British firm AstraZeneca by U.S. drugmaker Pfizer, accusing the government of “cheerleading” for a deal.
SAC’s Steinberg asks for two-year sentence
NEW YORK (Reuters) – Michael Steinberg, a portfolio manager at Steven A. Cohen’s SAC Capital Advisors who was found guilty last year on insider trading charges, has asked for a two-year sentence, far shorter than the term recommended by probation offic…
U.S. wants Credit Suisse to plead guilty in tax dispute: report
ZURICH (Reuters) – U.S. authorities are ratcheting up pressure on Credit Suisse to plead guilty to helping wealthy Americans hide untaxed money in Swiss bank accounts, Swiss newspaper NZZ am Sonntag said.
France’s Hollande says recovery will lead to lower taxes: paper
PARIS (Reuters) – French President Francois Hollande expects an economic recovery that will allow the government to lower taxes, a newspaper reported him as saying on Sunday.
Buffett defends Coke, BNSF at Berkshire annual meeting
OMAHA, Nebraska (Reuters) – Warren Buffett on Saturday defended his recent controversial vote on executive pay at Coca-Cola Co and disappointing performance at railroad BNSF, as investors grilled him on his Berkshire Hathaway Inc conglomerate at its an…
Adidas investor says loses confidence in management: report
FRANKFURT (Reuters) – Adidas AG’s failure to narrow the market share gap with rival sportswear maker Nike Inc means shareholders should refuse to back the German company’s management, a top investor was quoted as saying.
Alitalia, creditors working on plan to woo Etihad at key meeting
MILAN (Reuters) – Alitalia and its creditors are rushing to finalize by Tuesday a proposal aimed at persuading Gulf-based airline Etihad to invest in the loss-making Italian carrier, a source with direct knowledge of the matter told Reuters on Saturday…
GM recalls nearly 52,000 SUVs for inaccurate fuel gauge
WASHINGTON (Reuters) – General Motors Co is recalling 51,640 Buick Enclave, Chevrolet Traverse and GMC Acadia SUVs of the 2014 model year because faulty software may cause the fuel gauge to read inaccurately, U.S. regulators said on Saturday.
SAC’s Steinberg asks for two-year sentence
NEW YORK (Reuters) – Michael Steinberg, a portfolio manager at Steven A. Cohen’s SAC Capital Advisors who was found guilty last year on insider trading charges, has asked for a two-year sentence, far shorter than the term recommended by probation offic…
Berkshire quarterly profit hurt by winter weather, insurance
OMAHA, Nebraska (Reuters) – Warren Buffett’s Berkshire Hathaway Inc on Friday said quarterly profit declined 4 percent, falling short of analyst forecasts, as earnings from insurance underwriting declined and bad weather disrupted shipping at its BNSF …
