EBay beefs up U.S. war chest in pursuit of growth
SAN FRANCISCO (Reuters) – EBay Inc is preparing to bring a major portion of its foreign earnings back into the United States, hoping to bankroll acquisitions and drive an expansion into mobile payments and other high-growth areas as its core business m…
Alstom accepts 10 billion euro GE bid for its energy unit
PARIS/FRANKFURT (Reuters) – The board of Alstom accepted General Electric’s 10 billion euro ($13.82 billion) bid for its energy unit on Tuesday, several sources familiar with the situation told Reuters.
Standard & Poors downgrades 15 European banks, cites reforms
(Reuters) – Ratings agency Standard & Poors said it has downgraded 15 European banks, including Barclays Credit Suisse and Deutsche Bank , after European lawmakers agreed on a framework that prevents governments from having to bail out troubled banks.
Wall Street ends up on earnings, rebound in high-growth shares
NEW YORK (Reuters) – U.S. stocks rose on Tuesday, boosted by upbeat results from companies including Merck & Co and a rebound in Facebook and other high-growth shares.
Santander seeks Brazil unit buyout, sees Europe recovery
MADRID/SAO PAULO (Reuters) – Banco Santander SA launched a 4.7 billion euro ($6.5 billion) offer on Tuesday for the 25 percent of its Brazilian unit it does not already own, giving investors a chance to gain exposure to a budding recovery of the euro z…
Pimco equity chief plans hires as expansion picks up
LONDON (Reuters) – Pimco’s new global equity chief plans a first batch of new hires that could see her investment team grow by half as the U.S. bond powerhouse boosts its stock offering – and one of those running money will be her.
Apple, Samsung make final pitches to U.S. jury in patent trial
SAN JOSE, California (Reuters) – Apple has vastly exaggerated the importance of its patented iPhone features, a Samsung attorney said on Tuesday as the two companies delivered closing arguments to jurors after a month-long trial over mobile technology….
Spring expected to usher in strong U.S. job growth
WASHINGTON (Reuters) – U.S. employment likely rose at its fastest clip in five months in April and the jobless rate probably dropped in a show of strong economic momentum after a gloomy winter.
U.S. Senate panel backs Fischer to be Fed’s No. 2
WASHINGTON (Reuters) – The Senate Banking Committee approved three nominees to the Federal Reserve’s board on Tuesday, including Stanley Fischer to be the U.S. central bank’s No. 2, in a big step toward replenishing the Fed’s governing body.
Barclays dealmaker McGee quits as U.S. head
LONDON (Reuters) – Hugh ‘Skip’ McGee, one of the British bank Barclays’ highest earners, has quit as head of its Americas business, the bank saying he did not want to oversee the task of establishing a new holding company required under tougher U.S. ru…
