Broker’s insider-trading woes may hurt Morgan Stanley, Oppenheimer
NEW YORK (Reuters) – Vladimir Eydelman, the former Morgan Stanley and Oppenheimer Holdings broker arrested on insider trading charges last week, could expose some former clients and the firms to regulatory and legal actions, lawyers and securities indu…
Three-day Lufthansa pilots’ strike to disrupt travel next week
FRANKFURT (Reuters) – Pilots at Lufthansa will hold a three-day strike next week in a row over retirement conditions, their union said on Friday, bringing more disruption to travelers after a spate of industrial action at German airports.
UBS suspends U.S.-based forex trader in manipulation probe
NEW YORK/LONDON (Reuters) – UBS AG has suspended a spot trader on its New York foreign exchange desk, a source familiar with the investigation said on Friday amid an ongoing international probe of big forex dealers for potential collusion and market ma…
Deutsche Boerse, Bank of China agree closer cooperation: sources
FRANKFURT (Reuters) – Deutsche Boerse and Bank of China are set to sign a strategic partnership agreement that would make it easier for Chinese and European investors to gain access to each other’s capital markets, two sources with knowledge of the mat…
Toyota recalls 124,050 Avalon sedans for airbag issue
DETROIT (Reuters) – Toyota Motor Corp said it was recalling about 124,050 Avalon large sedans globally, with most in the United States, to fix an electrical issue that may cause the front airbags to inadvertently deploy.
As U.S. momentum stocks take beating, some sectors benefit
NEW YORK (Reuters) – Investors in some of the past year’s hottest U.S. stocks have been given a savage lesson in the risks of so-called “momentum trading”.
NHTSA says finds no ‘defect trend’ in Tesla Model S sedans
(Reuters) – U.S. safety regulators said they closed an investigation into fires involving electric sports car maker Tesla Motors Inc’s popular Model S sedans after finding no “defect trend”, sending the company’s shares up as much as 4 percent.
U.S. consumer sentiment falls in March
NEW YORK (Reuters) – U.S. consumer sentiment fell in March as consumers were less hopeful about the prospects for the overall economy, a survey released on Friday showed.
Airbus, Bank of China team up on financing and aircraft leasing
PARIS (Reuters) – Airbus Group said on Friday it had signed a memorandum of understanding with Bank of China to cooperate on financing operations and aircraft management.
Amid ruins of Greek economy, green shoots emerge
ATHENS (Reuters) – On a cold day in January, car dealer Dimitris Antonopoulos handed over the keys of a brand new, white Jaguar worth 122,000 euros ($167,600), the first one sold in Greece in more than a year amid signs that a brutal recession might be…
