Nasdaq reorganizes market services to boost global competitiveness
NEW YORK (Reuters) – Nasdaq OMX Group said on Monday it is reorganizing its market services business to better compete globally in fixed income, currencies, derivatives and other asset classes.
UK retailers Dixons and Carphone get extension to merger talks
LONDON (Reuters) – Britain’s Takeover Panel has granted Dixons Retail and Carphone Warehouse an eight-week extension to their negotiations for a possible 4 billion-pound ($6.6 billion) merger.
Fed unlikely to have significant losses as rates rise: paper
SAN FRANCISCO (Reuters) – The Federal Reserve, whose balance sheet has swollen to more than $4 trillion as the U.S. central bank has worked to push down borrowing costs and boost the economy, probably will not sustain big losses once interest rates sta…
Tera Exchange announces first Bitcoin derivative
WASHINGTON (Reuters) – TeraExchange said on Monday it had constructed a swap based on the bitcoin virtual currency, a step that would bring the emerging payment system under the oversight of U.S. regulators for the first time.
GM sued over fatal crash tied to ignition defect
NEW YORK (Reuters) – General Motors Co has been hit with what is believed to be the first wrongful death lawsuit over ignition switch problems since it recalled 1.6 million vehicles in February.
Air France-KLM picks GE to power Boeing 787 jets
PARIS (Reuters) – Air France-KLM said on Monday it had chosen GEnx engines made by General Electric to power 25 787-9 Dreamliner aircraft it has ordered from Boeing .
BNP Paribas says to cut 1,600 jobs in Ukraine
PARIS (Reuters) – BNP Paribas , France’s biggest listed bank, said it would reduce Ukraine staff by 1,600 by 2015 as part of a restructuring of its local unit in the face of a tough economic environment.
ECB tested as push-back against bank review rules begins
FRANKFURT (Reuters) – The European Central Bank’s (ECB) determination to subject the euro zone’s largest banks to the same, rigorous checks is being tested, with countries lobbying for their banks to be treated differently and lenders asking for their …
Manufacturing expands in U.S, slows in China; euro zone gears up
LONDON/NEW YORK (Reuters) – U.S. manufacturing growth was solid in the first quarter and a return to expansion in French business activity this month suggested a recovery was taking shape in the euro zone, though China’s factory sector stuttered in the…
U.S. housing regulator says former chief DeMarco to leave in April
WASHINGTON (Reuters) – Edward DeMarco, former acting director of the housing regulator that oversees Fannie Mae and Freddie Mac , said on Monday he would leave the agency at the end of April.
