BP must face shareholder suit over 2006 Alaska oil spill
SAN FRANCISCO (Reuters) – A U.S. appeals court on Thursday revived a shareholder lawsuit against BP PLC over statements the company made in the wake of a 2006 oil spill in Alaska.
Comcast takeover of Time Warner Cable to reshape U.S. pay TV
(Reuters) – Comcast Corp’s proposed $45.2 billion takeover of Time Warner Cable Inc could face close scrutiny from U.S. antitrust regulators because of the deal’s potential to reshape the country’s pay TV and broadband markets.
Japanese online gaming firm Nexon’s incoming CEO eyes U.S. acquisitions
SAN FRANCISCO (Reuters) – Japanese online gaming firm Nexon Co Ltd will begin to aggressively explore U.S. acquisitions to further a long-standing plan to expand in Western markets, its CEO-elect Owen Mahoney said.
Deutsche Bank hires JPMorgan’s Germany head
FRANKFURT (Reuters) – Deutsche Bank has hired Karl-Georg Altenburg, head of investment banking in Germany, Austria and Switzerland for JPMorgan , as its co-head of investment banking and corporate finance for Europe, Middle East and Africa.
Ackman: Air Products shares could double with right CEO
NEW YORK (Reuters) – Billionaire investor William Ackman said there is room for Air Products and Chemicals Inc’s stock price to double in the next few years if the industrial gas producer hires the right chief executive.
PepsiCo says won’t spin off North America beverages
(Reuters) – PepsiCo Inc , rejecting a proposal by activist investor Nelson Peltz, said it had decided not to spin off its North-American beverage business, which posted another drop in sales in the fourth quarter.
Avon bribery probe deal could hit $132 million; sales continue slide
(Reuters) – Avon Products Inc said on Thursday it could end up paying as much as $132 million to settle a U.S. bribery probe into its efforts to develop new markets, the first time the beauty-products company has given an estimate for a penalty.
Lehman settles with Freddie Mac over $1.2 billion claim
(Reuters) – Lehman Brothers Holdings Inc settled with Freddie Mac a $1.2 billion claim, freeing up millions of dollars which will be available for distribution to the bank’s creditors.
U.S. growth to accelerate later in year, Fed taper plans unshaken: Poll
WASHINGTON (Reuters) – The Federal Reserve will shut its stimulus program by December and start hiking rates next year as the U.S. growth outlook brightens despite an unexpectedly weak start to 2014, according to a Reuters poll.
Bridgestone to plead guilty for auto parts price fix scheme: DOJ
WASHINGTON (Reuters) – Japan’s Bridgestone Corp has agreed to plead guilty and to pay a $425 million criminal fine for its role in a conspiracy to fix prices on certain automotive parts, the U.S. Department of Justice said on Thursday.
