Wholesale stock accumulation slows, to hit growth
WASHINGTON (Reuters) – U.S. wholesale inventories rose at a slower pace in February, strengthening views that restocking will weigh on economic growth in the first quarter.
Former Bank of America retail banker Perry Hall joins Moelis
(Reuters) – A former Bank of America banker who works with clients in the retail sector has joined Moelis & Co, the boutique investment bank said on Wednesday.
India’s Sun Pharma plans gradual phase-out of Ranbaxy-branded drugs in U.S.: sources
MUMBAI (Reuters) – India’s Sun Pharmaceutical Industries Ltd plans to begin phasing out sales of generic drugs branded as Ranbaxy Laboratories Ltd products in the United States, after completing a $3.2 billion takeover of its loss-making rival by the y…
Credit Suisse confirms fund venture with manager Stuhlberger
SAO PAULO (Reuters) – Credit Suisse Group AG confirmed on Wednesday it was setting up a new asset management venture under the control of Brazilian money manager Luis Stuhlberger, confirming an earlier report by Reuters.
Toyota to recall nearly 6.5 million vehicles for steering, other faults
TOKYO (Reuters) – Toyota Motor Corp, in its second-largest recall announcement, said on Wednesday that it would call back 6.39 million vehicles globally after uncovering five different faults involving parts ranging from steering to seats.
Veolia sees growth as miners seek better waste water treatment
PARIS (Reuters) – France’s Veolia Environnement expects its revenue from treating waste water from the mining and metals industries to double to 1.5 billion euros ($2.1 billion) by 2020, as it seeks a growing share of an expanding market, its CEO said …
Daimler chairman says is working on issue of succession
FRANKFURT (Reuters) – Daimler supervisory board Chairman Manfred Bischoff said the company was working on the issue of succession at the maker of luxury cars and trucks, but added that the issue was not a matter of urgency.
Mortgage applications fell last week as refinance down: MBA
NEW YORK (Reuters) – Applications for U.S. home mortgages fell last week as refinancing slipped, an industry group said on Wednesday.
JPMorgan’s Dimon says U.S. banks healthy, Europe lagging
PARIS (Reuters) – European banks are still lagging behind the U.S. banking industry, which has almost completely recovered from the global financial crisis, Jamie Dimon, chief executive of JPMorgan Chase & Co , told French newspaper Le Figaro.
Indian brokers association to ask regulator to investigate Ranbaxy trades
MUMBAI (Reuters) – The president of an Indian brokerage association plans to formally ask the domestic market regulator to investigate trading in drugmaker Ranbaxy Laboratories Ltd’s shares in the days leading up to the announcement that it will be acq…
