U.S. lawsuits hobble Deutsche Bank’s bid to sell gold fix seat
LONDON (Reuters) – Deutsche Bank may end up resigning its seat on the London gold fix rather than selling it as U.S. lawsuits alleging price rigging against the five banks that set the benchmark deter potential buyers, industry sources said.
The Chinese take Manhattan: replace Russians as top apartment buyers
NEW YORK/SYDNEY (Reuters) – For the first time, the Chinese have become the biggest foreign buyers of apartments in Manhattan, real estate brokers estimate, taking the mantle from the Russians – whose activity has dropped off since the unrest in Ukrain…
Exclusive: Top UK investors to file $2 billion legal claims against RBS – sources
LONDON (Reuters) – Five of Britain’s biggest investors are set to file lawsuits against Royal Bank of Scotland next week, saying they were misled over its massive rights issue in 2008 and claiming more than 1 billion pounds back, sources said.
Microsoft to get video content from AOL
(Reuters) – Online media group AOL Inc said on Friday it would offer its video content on Microsoft Corp’s platforms, starting this summer.
AstraZeneca bid talk ‘a commercial matter’: UK finance minister
CAMBRIDGE, England (Reuters) – Talk of a $100 billion bid by U.S. drugmaker Pfizer for its British rival AstraZeneca is “a commercial matter between the companies”, Britain’s finance minister George Osborne said on Friday.
Rating agencies buy into euro zone recovery story
MILAN/PARIS (Reuters) – Ratings agencies gave a broadly upbeat assessment of the euro zone’s creditworthiness on Friday, contrasting sharply with reviews of recent years and reflecting growing confidence in the region’s fiscal and economic recovery.
Electrolux shares soar as long-awaited European demand returns
STOCKHOLM (Reuters) – Electrolux, the world’s second-biggest home appliances maker, said on Friday its European markets were finally growing again and that a recovery in the United States would continue, sending its shares up nearly 10 percent.
Alstom CEO says in talks over industrial deal: union sources
PARIS (Reuters) – Alstom CEO Patrick Kron told unions on Friday the group was in talks over an industrial deal but had not received any takeover offer from General Electric , union sources told Reuters.
Nokia says handset business sale to Microsoft completed
HELSINKI (Reuters) – Nokia on Friday said the sale of its once-dominant handset business to Microsoft has been closed after the companies agreed to leave two factories in India and Korea out of the deal.
Colgate-Palmolive net profit falls 16 percent
(Reuters) – Colgate-Palmolive Co reported a 16 percent drop in quarterly profit, hurt by a one-time charge related to the fall in value of the Venezuelan bolivar.
