Next Potash Corp CEO likely to keep priority on price
(Reuters) – The next chief executive of Canada’s Potash Corp of Saskatchewan , the world’s biggest fertilizer producer, is likely to stick with the company’s strategy of supporting prices by managing supply, rather than shifting to a volume-driven scra…
Huang’s tale: from Walmart cashier to labor leader in China
DENGFENG, China (Reuters) – Huang Xingguo took a job as a cashier at a new Walmart store in his hometown in southern China for a steady paycheck and the prospect of upward mobility after a string of sales jobs and a run as a day trader.
Comcast, Time Warner executives to face critic at merger hearing
WASHINGTON (Reuters) – Comcast Corp and Time Warner Cable Inc executives will face one of the toughest critics of their proposed merger when they go before a U.S. Senate panel this week.
Boeing cuts final C-17 output by three jets, ends production early
NEW YORK (Reuters) – Boeing Co will produce three fewer of its famed C-17 cargo-carrying military transport planes than expected as it closes the production line, reflecting further decline in demand for the aircraft, the company said on Monday.
Holcim, Lafarge agree to merger to create cement giant
PARIS/ZURICH (Reuters) – Holcim of Switzerland unveiled a deal to buy France’s Lafarge on Monday to create the world’s biggest cement maker, with $44 billion of annual sales, and launch asset sales worldwide to steer it over antitrust hurdles.
Magna vows to stop founder Stronach’s compensation at end of 2014
TORONTO (Reuters) – Magna International Inc , one of the world’s biggest auto parts makers, paid $52 million in consulting fees to billionaire founder Frank Stronach in 2013, but the company is stressing that his compensation will stop at the end of th…
Barclays settles Libor ‘test case’ before UK trial
LONDON (Reuters) – Barclays has reached a settlement with a UK care home operator weeks before the start of a court case that was seen as a test case for whether customers might sue banks over the manipulation of Libor interest rates.
SandRidge MLP tax request snared by IRS ‘pause’
NEW YORK (Reuters) – SandRidge Energy Inc’s letter asking the Internal Revenue Service whether its water disposal business would qualify as tax-free for inclusion in a master limited partnership (MLP) has been caught up in the agency’s pause of such re…
U.S. consumer credit rises, likely boosted by student loans
WASHINGTON (Reuters) – U.S. consumer credit rose more than expected in February, likely reflecting a surge in demand for student and automobile loans.
New group wants investors protected in Fannie, Freddie wind-down
WASHINGTON (Reuters) – A new organization called the Coalition for Mortgage Security launched a campaign on Monday calling for winding down Fannie Mae and Freddie Mac in a way that does not harm the shareholders of the bailed-out mortgage companies.
