Barclays on ‘collision course’ with shareholders over bonus bonanza
LONDON (Reuters) – Barclays faces a backlash from shareholders over its decision to raise bonuses despite a fall in profits, with investors increasingly demanding CEO Antony Jenkins give more money to them and less to his staff.
Cargill soy processor in Ohio resumes operations after fire
(Reuters) – Cargill Inc.’s soybean processing plant in Sidney, Ohio, is up and running after a fire on Monday that took nearly four hours to extinguish, a company spokesman said on Tuesday.
U.S. to publish GDP by industry data next month
WASHINGTON (Reuters) – The U.S. government will unveil a new data series next month that will offer deeper insight into how the nation’s industries impact the broader economy, and provide more timely data on the business cycle.
Wal-Mart says sales ‘very good’ since weather improved
(Reuters) – Wal-Mart Stores Inc said on Tuesday that U.S. sales have improved since mid-February after cold and snowy weather dented business in the first half of that month.
U.S. Senate seeks hearings on GM recalls: aide
WASHINGTON (Reuters) – U.S. Senate Commerce Committee Chairman John Rockefeller is seeking hearings on General Motors’ automobile recalls related to ignition switch problems, a Senate aide said on Tuesday.
Senate banking leaders reach deal on Fannie, Freddie bill outline
WASHINGTON (Reuters) – The leaders of the U.S. Senate Banking Committee on Tuesday outlined plans for legislation to wind down government-owned mortgage financiers Fannie Mae and Freddie Mac that they said would continue to provide access to long-term,…
Steven A. Cohen’s SAC picks new name: Point72
BOSTON (Reuters) – Steven A. Cohen, whose hedge fund SAC Capital Advisors pleaded guilty to insider trading, is changing the name of his firm to Point72 Asset Management as it shifts focus to managing his own assets from serving as a hedge fund for wea…
U.S. wholesale inventories rise, but sales drop sharply
WASHINGTON (Reuters) – U.S. wholesale inventories rose more than expected in January, as companies built up stocks of autos and machinery, though sales posted their largest decline in nearly five years.
Technical issue stops trading on NYSE Euronext bourse for 1 hour
PARIS (Reuters) – Trade on the NYSE Euronext pan-European stock market was suspended for nearly an hour on Tuesday because of a technical problem that forced traders to place orders offline.
Austria, Slim continue talks on Telekom syndicate
VIENNA (Reuters) – Austria and America Movil are still in talks on pooling their stakes in Telekom Austria but have not moved to formal negotiations, the state holding company said.
