Dongfeng deal buys time and new blood for Peugeot
SHANGHAI/PARIS (Reuters) – PSA Peugeot Citroen and China’s Dongfeng have agreed a 3 billion euro ($4.1 billion) capital tie-up that brings the troubled French carmaker new leadership, more time to turn its business around and an end to two centuries of…
Watch for companies to claim ‘Jack Frost ate our profits’
CHICAGO (Reuters) – Sick of hearing Americans complain about the winter weather? Too bad. Because the corporate kvetching has only just begun.
Standard Chartered considers HK consumer finance unit sale: sources
HONG KONG/SINGAPORE (Reuters) – Standard Chartered Plc is seeking buyers for a Hong Kong consumer finance business worth $500 million to $700 million, according to people familiar with the matter, as the Asia-focused lender sells off peripheral busines…
Herbalife raises forecast as China drives fourth-quarter sales
(Reuters) – Herbalife Ltd , the nutrition products company accused by billionaire investor William Ackman of being a pyramid scheme, raised its forecast for the first quarter of 2014 on strong sales growth in China.
Australia aims for global growth agreement at G20 meeting
SYDNEY (Reuters) – Australia will use its presidency of the Group of 20 advanced and emerging economies to push for agreements on strengthening global growth and to generate ideas on funding public infrastructure, Treasurer Joe Hockey said on Wednesday…
Darker U.S. homebuilder mood not just due to bad weather
(Reuters) – A plunge in U.S. homebuilder confidence reported on Tuesday reflects a range of problems facing the construction industry seven years after the housing crash, challenges that go deeper than the severe winter weather blamed for much of the g…
Argentina asks U.S. Supreme Court to hear bonds case
WASHINGTON/BUENOS AIRES (Reuters) – Argentina filed an appeal to the U.S. Supreme Court on Tuesday seeking to reverse lower court decisions ordering the country to pay $1.33 billion to hedge fund creditors in a case Argentine officials warn could force…
Deadline looms as Panama Canal, consortium seek end to cost dispute
PANAMA CITY/MADRID (Reuters) – The Panama Canal and a Spanish-led construction consortium expanding the major global waterway discussed options on Tuesday to keep the multibillion-dollar project afloat amid a dispute over costs, but any deal seemed unl…
Actavis to buy Forest for $25 billion; windfall for investor Icahn
(Reuters) – Generic drugmaker Actavis Plc said on Tuesday it would buy Forest Laboratories Inc for about $25 billion in cash and stock, giving it a major focus on higher-margin, branded treatments for Alzheimer’s, hypertension and other disorders.
Diageo credits its export success to EU, warns UK not to leave: FT
(Reuters) – Diageo Plc , the world’s biggest spirits company has warned against Britain leaving the European Union, crediting the bloc’s global trade deals for the company’s whisky exports success, the Financial Times reported on Tuesday.
