Credit Suisse faces threat of new U.S. tax probe
ZURICH (Reuters) – Credit Suisse may face a new investigation of its role in helping wealthy Americans to avoid paying taxes, after New York state’s top financial regulator requested documents from the Swiss bank.
Honeywell names two vice chairmen, CFO in management shuffle
(Reuters) – Honeywell International Inc promoted two executives to the position of vice chairman and named a new chief financial officer as part of a series of senior leadership changes announced by the U.S. diversified manufacturer on Monday.
Virgin America rated best in U.S. airline quality: study
(Reuters) – Virgin America had the highest performance ranking among 15 U.S. airlines in 2013 in an annual study as the industry’s overall quality improved, researchers said on Monday.
Magna to make new electronics systems at expanded Ontario plant
TORONTO (Reuters) – Magna International Inc , one of the world’s largest auto parts makers, said on Monday it has spent C$1.5 million ($1.37 million) to expand a Toronto area plant to allow it to produce new electronic systems and modules later this ye…
Airbus keeps tight rein on cabin design as A350 launch nears
HAMBURG (Reuters) – European planemaker Airbus unveiled on Monday the first cabin for its new twin-engined airliner, the A350 XWB, vowing to avoid a repeat of the delays caused by cabin design changes on its bigger A380 super jumbo.
G20 to agree this week on more ambitious reforms to boost growth
BRUSSELS (Reuters) – The world’s financial leaders will agree this week to be more ambitious with structural reforms to boost global growth after draft plans showed them falling short, an official involved in preparations for a G20 meeting said.
World Bank trims China, East Asia 2014 growth forecasts
SINGAPORE (Reuters) – The World Bank trimmed its 2014 growth forecast for developing East Asia but said the region’s economies were likely to see steady growth in the next couple of years, helped by a pick-up in global growth and trade.
India’s Sun Pharma to buy struggling Ranbaxy for $3.2 billion as Daiichi Sankyo retreats
TOKYO/MUMBAI (Reuters) – India’s Sun Pharmaceutical Industries Ltd has agreed to buy generic drugmaker Ranbaxy Laboratories Ltd for $3.2 billion, betting it can fix factory quality glitches that plagued the current owner, Japan’s Daiichi Sankyo Co , an…
World stocks slip from six-year high; euro yields fall
LONDON (Reuters) – World stocks slipped on Monday from last week’s six-year high as technology shares tumbled again, while speculation the European Central Bank will ease policy further pushed down European bond yields.
Exclusive: SEC forms squad to examine private funds – sources
NEW YORK/WASHINGTON (Reuters) – The U.S. Securities and Exchange Commission (SEC) has put together a dedicated group to examine private equity and hedge funds, after the 2010 Dodd-Frank law required the funds to be regulated, according to people famili…
