GE trumpets 40-year jet engine venture to bolster Alstom bid
PARIS (Reuters) – As General Electric tries to convince French leaders to back its offer to rescue engineering firm Alstom , it hopes that three letters will convince them of its good will: CFM.
U.S. consumer confidence near six-year high, home prices rise
NEW YORK (Reuters) – U.S. consumer confidence dipped in April but remained near a six-year high, while home prices rose in February, suggesting the economy continued to regain momentum after a winter lull.
Rosneft says deal to buy trading from Morgan Stanley intact
MOSCOW (Reuters) – Russia’s top crude oil producer Rosneft said on Tuesday it aimed to complete deal to buy the majority of global physical oil trading operations from Morgan Stanley in the second half of 2014, as expected.
Sprint’s subscriber losses fall as fewer defect, tablet sales rise
(Reuters) – Sprint Corp, the No. 3 U.S. mobile provider on Tuesday reported fewer subscribers leaving than expected and strong tablet additions, as the company undergoes a massive network overhaul in a highly competitive market.
Target names new CIO to oversee technology, security
(Reuters) – Target Corp , which is recovering from a massive data breach, on Tuesday named high-profile information technology consultant Bob DeRodes as chief information officer.
Pfizer may have to pay more cash and top $105 billion to win AstraZeneca
LONDON (Reuters) – U.S. drugmaker Pfizer will need to raise its bid for AstraZeneca to around $105-110 billion and increase the proportion of cash in the offer to win its British rival, investors believe.
U.S. home prices rise in February: S&P/Case-Shiller
NEW YORK (Reuters) – U.S. single-family home prices rose in February and slightly beat expectations, a closely watched survey said on Tuesday.
Barclays’ U.S. head McGee quits
LONDON (Reuters) – Barclays said that Hugh ‘Skip’ McGee, one of the British bank’s highest earners, has quit as head of its U.S. business because he does not want to oversee the task of establishing a new company required under tougher U.S. rules.
Mercedes recalls 284,000 cars in US, Canada over tail lights
DETROIT (Reuters) – Mercedes is recalling about 284,000 of its C-Class sedans in the United States and Canada because an electrical issue could cause the tail lights to dim or fail, according to the company and documents filed with U.S. safety regulato…
U.S. banks to help regulators in tax evasion probe: WSJ
(Reuters) – The Swiss units of Goldman Sachs Group Inc and Morgan Stanley have agreed to hand over details to U.S. authorities about how they may have helped Americans to evade taxes, the Wall Street Journal reported.
