Herbalife gives Icahn more seats, small NU Skin fine lifts stock
(Reuters) – Herbalife Ltd said it is giving three more board seats to Carl Icahn, its biggest shareholder, at a time short-sellers are attacking the nutrition and weight loss company’s business practices and a U.S. regulator is probing the business.
Lockheed’s F-35 gets South Korea nod, but momentum slower than hoped
WASHINGTON (Reuters) – South Korea on Monday became the 10th country to choose Lockheed Martin Corp.’s F-35 fighter jet to replace aging warplanes, a boost for the Pentagon’s biggest weapons program at a time when Italy, Canada and other countries are …
Airbus positive on LatAm sales, no talks for A380 in region
SANTIAGO (Reuters) – Airbus believes it can eventually drive its Latin American market share up to 65 percent, although it is not in talks to sell its A380 superjumbo in the region, the company’s Latin American president told Reuters on Monday.
Anglo American halting Chile Los Bronces mine ops due to protest
SANTIAGO (Reuters) – Global miner Anglo American Plc said on Monday it was halting operations at its Los Bronces copper mine in central Chile because of a violent protest by contract workers.
Morgan Stanley pays fine after index hedge topped soymeal limits
WASHINGTON/CHICAGO (Reuters) – Morgan Stanley has agreed to pay $200,000 to settle civil charges it exceeded speculative position limits in soybean meal futures for two days while attempting to hedge a commodity index investment, U.S. regulators said o…
Hong Kong’s soaring bank exposure to China sparks credit concerns
HONG KONG (Reuters) – In just a few years, Hong Kong banks have ramped up lending to China from near zero to $430 billion, fuelling concerns about their credit exposure to the mainland at a time when sliding economic growth and defaults are making inve…
‘Inevitable glitches’ ahead for U.S. anti-tax evasion law: IRS
WASHINGTON (Reuters) – A new U.S. anti-tax evasion law, set to take effect on July 1, will encounter “inevitable glitches,” said the head of the U.S. Internal Revenue Service on Monday, adding that the IRS will be sympathetic to banks doing their best …
Aviva could pay CEO up to $8.7 million for first year of turnaround
LONDON (Reuters) – British insurer Aviva could pay its chief executive Mark Wilson up to 5.3 million pounds ($8.7 million) for his first year in the job he took on after a shareholder rebellion led to the departure of his predecessor.
Mexico telecoms bill gives regulator powers to curb Slim, Televisa
MEXICO CITY (Reuters) – Mexico’s government on Monday proposed giving new telecommunications regulator IFT sweeping powers to police the operations of dominant telecoms companies and TV broadcasters, right down to their prices and discounts.
Lufthansa confident about Bombardier CSeries jets despite delay
TORONTO (Reuters) – Deutsche Lufthansa AG said on Monday that it is disappointed by development delays with Bombardier Inc’s all-new CSeries jetliner, but the airline said it remains confident it picked the right aircraft.
