Ally shares down 4 percent in debut; Treasury exit seen by year-end
(Reuters) – Shares of auto-lender Ally Financial Inc fell as much as 4.1 percent in their market debut on Thursday, taking the shine off the biggest U.S. initial public offering so far this year as investor appetite for big stock offerings shows signs …
Google to sell Glass to public next week
SAN FRANCISCO (Reuters) – Google Inc will take online orders for its Glass wearable gadget on April 15, in its biggest push to get the $1,500 wraparound Web-ready glasses out to the U.S. public.
Investor group offers to buy Mt. Gox for one bitcoin: WSJ
(Reuters) – A group of investors is seeking to buy bankrupt bitcoin exchange Mt. Gox for a token payment of one bitcoin, or about $400, the Wall Street Journal reported citing sources.
U.S. judge accepts SAC guilty plea, OK’s $1.2 billion deal
NEW YORK (Reuters) – SAC Capital Advisors’ $1.2 billion criminal settlement for insider trading received final court approval on Thursday, as a U.S. judge accepted a guilty plea from the hedge fund firm run by billionaire Steven A. Cohen.
Citigroup CEO faces grilling over failed plan, missed target
(Reuters) – As Citigroup Inc Chief Executive Mike Corbat prepares to talk to investors on Monday about the bank’s biggest failure during his 18-month tenure, his biggest struggle may be with how little he knows about the reason he failed.
GM places two engineers on leave in deadly ignition switch probe
(Reuters) – General Motors Co said on Thursday it had placed two engineers on paid leave as part of an internal investigation into defective ignition switches linked to 13 deaths and the global recall this year of 2.6 million cars.
Renault considers cutting shift at Flins plant: Les Echos
PARIS (Reuters) – French automaker Renault is considering cutting one of the two shifts at its Flins plant, a move that would eventually cut annual production to a maximum 110,000 cars from 145,000 now, the French business daily Les Echos said on Thurs…
Icahn backs down from demand that eBay spin off PayPal
SAN FRANCISCO/NEW YORK (Reuters) – Carl Icahn backed off calls for eBay Inc to spin out its fast-growing PayPal payments unit on Thursday, after the billionaire investor failed to drum up support from the e-commerce company’s major shareholders.
Facebook says WhatsApp deal cleared by FTC
SAN FRANCISCO (Reuters) – Facebook Inc said U.S. regulators have cleared its $19 billion acquisition of mobile messaging service WhatsApp, even as the Federal Trade Commission warned the two Internet companies on Thursday that they must not backtrack o…
Italian Prime Minister meets Etihad CEO to discuss Alitalia: source
ROME (Reuters) – Italian Prime Minister Matteo Renzi met Etihad Airways Chief Executive James Hogan on Thursday to discuss a potential investment in national carrier Alitalia , a source in the premier’s office said.
