U.S. investors look to profit on Brazil rate hike
NEW YORK (Reuters) – Brazil’s decision to hike its key interest rate to 11 percent, its highest level in two years, has some yield-hungry U.S. investors smacking their lips.
Apple, Intertrust settle year-old patent suit
(Reuters) – Apple Inc has agreed to settle a year-old patent infringement lawsuit with Intertrust Technologies Corp, a software firm owned by a group that includes Sony Corp and Philips, according to court filings.
U.S. IPO market bounces back with large first-day gains
(Reuters) – Strong debuts of four new listings on Friday put a shine back on the IPO market after a wobbly debut last week by “Candy Crush Saga” maker King Digital Entertainment Plc brought a bustling market back to earth.
SEC charges trading firm owner, others in ‘spoofing’ case
WASHINGTON (Reuters) – U.S. securities regulators filed charges against two trading firms and five individuals on Friday in a case involving an illegal manipulative trading practice known as “spoofing.”
McDonald’s quits Crimea as fears of trade clash grow
KIEV (Reuters) – McDonald’s announced on Friday it had closed its restaurants in Crimea, prompting fears of a backlash as a prominent Moscow politician called for all the U.S. fast food chain’s outlets in Russia to be shut.
CarMax results take hit from cautious subprime lenders
(Reuters) – CarMax Inc , the largest used-car seller in the United States, reported lower-than-expected quarterly results, weighed down by tepid sales to subprime customers, indicating that the credit-fueled growth of recent quarters was slowing down.
Loeb urges Sotheby’s shareholders to back his slate
BOSTON (Reuters) – Hedge fund manager Daniel Loeb on Friday urged Sotheby’s investors to support his board slate, arguing he and his fellow nominees would be better able to reinvigorate the auction house from within after years of poor governance.
Big Chinese soy project in Brazil: so far, just an empty field
BARREIRAS, Brazil (Reuters) – No signs identify a barren field in northeastern Brazil that was meant to be the center of one of China’s most ambitious agricultural forays into South America.
Zumtobel says has no intention to withdraw from U.S.
VIENNA (Reuters) – Austrian lighting group Zumtobel said it had no intention of withdrawing from the U.S. market and wanted to expand its presence there.
Lufthansa says pilots’ strike to cost up to $103 million
FRANKFURT (Reuters) – Lufthansa said a three-day walkout by its pilots, which has effectively grounded Germany’s largest airline, could cost it up to 75 million euros ($103 million) as it called on their union to return for talks over pay and retiremen…
