Australia’s David Jones to assess $3 billion Myer merger
SYDNEY (Reuters) – David Jones Ltd , Australia’s second-biggest department store chain, said it will investigate the value of a proposed merger with Myer Holdings Ltd , the strongest sign yet that it will consider the A$3.4 billion ($3.09 billion) deal…
Ex-BofA banker pleads guilty to theft, gets prison: Massachusetts AG
(Reuters) – A former personal banker at Bank of America Corp pleaded guilty on Monday to stealing more than $2.1 million from 31 people in a Ponzi-like scheme, and was sentenced to between three and five years in prison, Massachusetts Attorney General …
UK Treasury to name Anthony Habgood chairman of Bank of England’s board: Sky
(Reuters) – Britain’s Treasury plans to name Anthony Habgood chairman of the Bank of England’s board, its governing body, on Tuesday, Sky News reported on its website.
SocGen seeks to pay bankers bonuses up to double their salaries
PARIS (Reuters) – France’s No. 2 listed bank, Societe Generale, said it will ask shareholders for permission to pay some staff bonuses worth up to double their salaries, in accordance with the European Union cap on bonuses.
Microsoft’s CEO may unveil Office for iPad on March 27: source
(Reuters) – Microsoft Corp Chief Executive Satya Nadella may unveil an iPad version of the company’s Office software suite on March 27, a source familiar with the event told Reuters, and use his first big press appearance to launch the company’s most p…
Ahead of bankruptcy hearing, LightSquared seeks finding against Ergen
NEW YORK (Reuters) – Broadband company LightSquared on Monday urged a judge to find that its largest creditor, Dish Network Corp Chairman Charles Ergen, acquired his debt holding improperly.
Wall Street climbs as Ukraine worries ease, data improves
NEW YORK (Reuters) – U.S. stocks climbed on Monday, with the S&P 500 bouncing from its worst weekly drop in the past seven, as concerns eased over the situation in Crimea, while economic data indicated the economy was improving after a winter slowdown.
GM recalls 1.5 million more vehicles; CEO says ‘terrible things happened’
DETROIT (Reuters) – General Motors Co announced new recalls of 1.5 million vehicles on Monday and in a virtually unprecedented public admission by a GM chief executive, Mary Barra acknowledged the company fell short in catching faulty ignition switches…
Republican lodges ethics complaint against rival over Herbalife
BOSTON (Reuters) – The Massachusetts Republican candidate for Democratic U.S. Senator Edward Markey’s seat on Monday filed an ethics complaint against his rival on the grounds he may have acted improperly in asking regulators to investigate nutrition c…
Exclusive: Forex swings cost U.S. firms $6 billion in fourth-quarter revenue – study
NEW YORK (Reuters) – Swings in the foreign exchange market cost U.S.-based multinational corporations nearly $6 billion in revenue in the fourth quarter, according to a report by currency risk management consulting firm FiREapps on Monday.
