Comcast’s Cohen to testify on Time Warner Cable merger
WASHINGTON (Reuters) – Comcast Corp’s Executive Vice President David Cohen will testify at a hearing in the U.S. Senate on April 9 about his company’s plans to buy Time Warner Cable Inc, a Comcast spokeswoman said on Thursday.
Ex-Dewey finance director admits accounting was false
NEW YORK (Reuters) – Dewey & LeBoeuf’s ex-finance director pleaded guilty to grand larceny last month and admitted he knew false financial statements were being provided to the firm’s lenders, according to court documents unsealed on Thursday.
TPG in advanced talks to invest in yogurt maker Chobani: NYT
(Reuters) – Private equity firm TPG Capital LP is in advanced talks to invest in Chobani LLC, a maker of Greek yogurt, the New York Times reported on its website on Thursday, citing two unidentified people briefed on the matter.
Lindt to boost U.S. chocolate output; sees first China sales from U.S
NEW YORK (Reuters) – Rising demand for premium chocolate has spurred Lindt & Spruengli to boost production at its U.S. headquarters by 8 to 10 percent, where it will start making high-quality treats for China for the first time, Lindt USA chief executive said.
Mercedes-Benz has lowest vehicle recall rate in U.S.: study
(Reuters) – Mercedes-Benz has the lowest recall rate for its vehicles and BMW was the quickest to commence a recall campaign, a long-term study of safety recalls in the United States showed.
SEC’s Gallagher seeks reforms to stop activist shareholder proposals
WASHINGTON (Reuters) – U.S. corporate governance rules make it too easy for activist investors to get politically driven shareholder proposals onto public company ballots and should be overhauled, a top U.S. Securities and Exchange Commission official …
Brazil Congress to investigate Petrobras deal, senator says
BRASILIA (Reuters) – Brazil’s Congress will likely move forward with a special investigation of state-run oil company Petroleo Brasileiro SA, the Senate’s leader said on Thursday in a move that could impair President Dilma Rousseff’s chances for re-ele…
U.S. senator urges GM to tell owners of recalled cars not to drive them
WASHINGTON (Reuters) – General Motors should promptly warn consumers not to drive GM cars recalled because of faulty ignition switches that can unexpectedly turn off engines and air bags as the vehicles are running, U.S. Senator Richard Blumenthal said…
Fed should start rate hikes in first quarter 2015, Bullard says
HONG KONG (Reuters) – The Federal Reserve, which has kept short-term U.S. interest rates near zero since late 2008, should start raising them early next year with the aim of returning them to normal by the end of 2016, a top Fed official told Reuters o…
U.S. fines Morgan Stanley for not segregating client funds
WASHINGTON (Reuters) – The Commodity Futures Trading Commission on Thursday fined Morgan Stanley $490,000 for violating rules that require futures brokers to protect clients by keeping their money segregated from other funds on the bank’s books.
