Harley-Davidson posts higher-than-expected profit
(Reuters) – Harley-Davidson Inc posted a stronger-than-expected quarterly profit on Tuesday, lifted by strong sales growth outside its core North American market, and its shares rose more than 7 percent.
HK regulator reprimands, fines RBS over emerging-markets rates trades
HONG KONG (Reuters) – Hong Kong’s Securities and Futures Commission (SFC) said on Tuesday it reprimanded Royal Bank of Scotland for internal control failures, fining the bank HK$6 million ($773,800).
M&A talk lifts European shares, euro dips to two-week low
LONDON (Reuters) – M&A talk in the pharmaceutical sector lifted European shares on Tuesday, but failed to support the euro, which dipped to a two-week low against the dollar as ECB policymakers renewed efforts to weaken it.
Ackman, Valeant team up to bid for Allergan
BOSTON/NEW YORK (Reuters) – Activist investor William Ackman teamed up with Canadian drugmaker Valeant Pharmaceuticals International Inc to make a joint run at buying wrinkle-treatment maker Allergan Inc, according to security filings on Monday.
U.S. business lobby says market access concerns in China growing
BEIJING (Reuters) – Multinational firms are planning to invest less in China because of market access barriers and slowing growth in the world’s second-largest economy, a U.S. business lobby said on Tuesday.
Conservative Koch-backed group uses soft touch in recruiting U.S. Hispanics
ORLANDO, Florida (Reuters) – The conservative advocacy groups backed by the billionaire brothers Charles and David Koch are known mostly for spending millions of dollars to pelt Democratic candidates with negative television ads.
Next batch of companies hope to raise $3.6 billion through China IPOs
SHANGHAI (Reuters) – China’s regulator posted draft initial public offering (IPO) prospectuses for 18 Chinese firms on Monday, bringing the total number of potential issuers up to 46, with state media estimating they could raise as much as 22.6 billion…
Netflix plans price raise as streaming subscribers grow
LOS ANGELES (Reuters) – Video streaming service Netflix Inc said it intends to raise its subscription price for new customers by $1 or $2 a month to help the company buy more movies and TV shows and improve service for its 48 million global subscribers…
Italy’s UniCredit, Intesa to set up bad loans vehicle with KKR: FT
(Reuters) – Italy’s two largest banks, UniCredit and Intesa Sanpaolo , are teaming up with U.S. private equity firm Kohlberg Kravis Roberts to pool some of their bad loans into a vehicle that will provide fresh capital for the struggling companies, the…
Italy’s UniCredit, Intesa to set up bad loans vehicle with KKR: FT
(Reuters) – Italy’s two largest banks, UniCredit and Intesa Sanpaolo , are teaming up with U.S. private equity firm Kohlberg Kravis Roberts to pool some of their bad loans into a vehicle that will provide fresh capital for the struggling companies, the…
