Detroit reaches $120 million loan deal with Barclays
(Reuters) – Detroit said in a court filing on Thursday it had reached an agreement with Barclays PLC for a $120 million loan that would allow it to invest in services and speed its path out of bankruptcy.
SEC scores partial win in insider trading case over 2009 Sanofi deal
(Reuters) – Federal securities regulators have won a partial victory against two brothers accused of trading on inside information in 2009 about French pharmaceutical company Sanofi’s plan to buy a Tennessee-based company.
Fed should be patient, keep trimming U.S. stimulus: Lockhart
WASHINGTON (Reuters) – It could be another two months before the U.S. Federal Reserve can determine whether recent weak economic data is truly weather-related or something more permanent, so policymakers should keep trimming their bond-buying stimulus,…
Fed’s Bullard the biggest market-mover in 2013, research shows
WASHINGTON (Reuters) – Federal Reserve Bank of St Louis President James Bullard had the biggest impact on bond markets of all Fed policymakers in 2013, according to a new tally.
Four indicted in U.S. for fraud in Dewey & LeBoeuf collapse
NEW YORK (Reuters) – Less than a month after writing that he did not want to “cook the books anymore,” but facing a deadline to show lenders that Dewey & LeBoeuf had enough cash, the law firm’s top finance executive emailed a colleague that he “came up with a big one,” according to investigators.
GE ends freebie dividends on executives’ unvested stock
BOSTON (Reuters) – General Electric Co said on Thursday it will stop paying its senior executives dividends on stock awards that have not yet vested, after investors urged the company to end the long-held perk.
Ford CEO Mulally gets $13.8 million in stock for 2013 performance
DETROIT (Reuters) – Ford Motor Co Chief Executive Alan Mulally was awarded performance bonuses for 2013 worth $13.8 million, the No. 2 U.S. automaker disclosed to U.S. regulators on Thursday.
Man called Bitcoin’s father denies any ties, wrangles free lunch
TEMPLE CITY, California (Reuters) – A reclusive Japanese American man thought to be the father of Bitcoin emerged from his Southern California home and denied any involvement with the digital currency, before leading reporters on a car chase leading to…
Cerberus Capital to buy Safeway for about $9.4 billion
(Reuters) – Safeway Inc , the second-largest U.S. mainstream grocery store operator, said private equity firm Cerberus Capital Management would acquire the company in a deal valued at about $9.4 billion.
Airbus orders more frequent A380 wing fatigue checks
BERLIN (Reuters) – Europe’s Airbus has ordered more frequent inspections of the wings of the world’s largest passenger jet after discovering unexpected levels of metal fatigue during testing on an A380 factory mock-up, industry sources said on Thursday…
