Competitiveness matters more than euro strength: French finance minister
PARIS (Reuters) – Competitiveness in France and Europe must be improved regardless of how strong the euro is, France’s finance minister said on Sunday, in a rebuttal to critics who blame the currency’s rise for French firms’ export woes.
U.S. judge says RBC liable in Rural/Metro buyout case
(Reuters) – A Delaware judge said Royal Bank of Canada should be held liable to former shareholders of Rural/Metro Corp because it failed to disclose conflicts of interest that tainted the $438 million buyout of the ambulance operator.
Asian and European industrial health under scrutiny this week
LONDON (Reuters) – Europe’s and Asia’s industrial health will be closely watched in the coming week for an indication of how solid – or weak – a footing the global economy was on at the start of the year.
Ackman outspent by Herbalife in lobbying battle
BOSTON (Reuters) – Hedge fund manager William Ackman, who is betting $1.16 billion that Herbalife is a fraud, spent $264,000 last year on lobbyists to press his case against the company, according to government documents filed in recent weeks.
Five years from U.S. stock market’s low, it’s joy versus worry
NEW YORK (Reuters) – Five years ago, the United States was in the midst of its worst recession in seven decades, and stocks were feeling it.
Bet on Buffett’s company before Icahn’s company: Barron’s
(Reuters) – Warren Buffett’s Berkshire Hathaway Inc trades at a lower premium and has more earnings power than Carl Icahn’s Icahn Enterprises Inc , and investors wishing to invest alongside either billionaire may want to side with the so-called Oracle …
European recovery could fuel Daimler stock: Barron’s
(Reuters) – The gradual recovery of European economies could boost demand for upscale cars and trucks, which may help the share price of Mercedes-Benz parent Daimler AG extend its recent big gains, Barron’s said in its March 10 edition.
EU aims for deal on tackling failing banks next week
BRUSSELS (Reuters) – European Union governments and parliamentarians will try to reach a compromise this week on how to wind down failing banks, in marathon talks intended to settle who decides to close banks and who picks up the bill.
Bank of England’s Carney faces grilling over foreign exchange scandal
LONDON (Reuters) – Mark Carney faces probably his toughest questioning so far as Bank of England governor next week when lawmakers will seize on a foreign exchange scandal to press their demands for tighter oversight of the central bank.
Bouygues to sell network to Iliad if SFR bid accepted
PARIS (Reuters) – France’s Bouygues Telecom has agreed to sell its mobile network and much of its spectrum to smaller rival Iliad as a way to head off competition regulators’ concerns about its pending bid for Vivendi’s SFR .
