Fiat’s UK-style revival plan faces Italian hurdles
MILAN/PARIS (Reuters) – Idle plants, surly unions and a weak, ageing model line-up – the challenges facing Fiat Chrysler’s Italian revival sound a lot like the British car industry’s low point in 1982.
Fast Retailing, E.Land interested in buying J.Crew -sources
NEW YORK (Reuters) – Uniqlo parent Fast Retailing Co Ltd and South Korean fashion conglomerate E.Land Group are separately exploring a deal for large U.S. apparel chain J.Crew Group Inc, people familiar with the matter said.
Earnings of Blackstone’s Schwarzman reach $374.5 million in 2013
(Reuters) – Blackstone Group LP Chief Executive Stephen Schwarzman’s earnings from dividends and pay soared by 75 percent to $374.5 million in 2013, underpinning his firm’s strong profits in real estate, private equity, credit and hedge funds, the comp…
Citigroup reports fraud in Mexico unit, lowers 2013 results
NEW YORK/MEXICO CITY (Reuters) – Citigroup Inc said on Friday that it has discovered at least $400 million in fraudulent loans in its Mexico subsidiary and said employees may have been in on the crime.
Comcast would consider a spinoff of subscribers: source
(Reuters) – Comcast is considering spinning off the 3 million subscribers it has offered to divest as part of its proposed $45.2 billion takeover of Time Warner Cable, into a publicly traded company, according to sources familiar with the matter.
U.S. retailers’ results drive up discretionary profit estimates
NEW YORK (Reuters) – Strong U.S. retailer results this week have bumped up discretionary earnings estimates, which could give some relief to worries about pricey valuations for the sector.
Japan’s Fast Retailing mulls buying J.Crew: source
NEW YORK (Reuters) – Japan’s Fast Retailing Co Ltd , parent of apparel chain Uniqlo, has expressed interest in buying J.Crew Group Inc from its private equity owners, a person familiar with the matter said on Friday.
FTC says considering lawmaker’s concerns about Herbalife
BOSTON (Reuters) – The Federal Trade Commission on Friday refused to tip its hand on how it may be react to allegations that Herbalife is a fraud, but said it is taking a lawmaker’s concerns about the company seriously and underscored its record of shu…
Buffett letter could show Berkshire winning streak over
NEW YORK (Reuters) – A five-year bull market may have finally outdueled one of the U.S. stock market’s biggest bulls, and Warren Buffett will probably tell investors on Saturday that his 43-year run of beating the Street has come to an end.
SEC investigating Goldman, Citi on bonds: WSJ
NEW YORK (Reuters) – The Securities and Exchange Commission has launched a probe into how Wall Street banks, including Goldman Sachs Group Inc and Citigroup Inc, allocate and trade corporate bonds, the Wall Street Journal reported on Friday.
