Exclusive: Danone considers sale of tube feeding products arm – sources
LONDON/FRANKFURT (Reuters) – France’s Danone is weighing a sale of its tube feeding products business which could fetch over 3 billion euros ($4.10 billion) as it expands its dairy business in higher-growth emerging markets, three people familiar with …
Icahn says bylaw amendments on directors undercut shareholder rights
NEW YORK (Reuters) – Corporate bylaw amendments that prohibit a prospective board member from gaining a board seat if the person receives compensation from a shareholder undermine shareholders’ rights, activist investor Carl Icahn said on Wednesday.
Jobless drop will force Fed to more ‘traditional’ policy: Bullard
NEW YORK (Reuters) – The Federal Reserve will probably have to return to more “traditional” policy-making now that the U.S. jobless rate has fallen to 6.6 percent, so close to the U.S. central bank’s existing 6.5-percent threshold for considering an in…
Alibaba share sale values the China e-commerce firm at $128 billion
BEIJING (Reuters) – A rare sale of a stake in Alibaba Group Holding values China’s dominant e-commerce company at around $128 billion, Reuters calculations show.
Soft data not enough to derail QE cuts: Fed’s Bullard
(Reuters) – A top U.S. central banker said on Wednesday recently soft economic data is not enough to derail the Federal Reserve’s plan to keep reducing its bond-buying stimulus, and indeed he said more clarity on U.S. fiscal policy is a “bullish” signa…
SocGen raises dividend after balance sheet overhaul
PARIS (Reuters) – Societe Generale is to return more cash to shareholders in 2014 than last year after completing a long-running overhaul of its balance sheet.
Toyota to recall 1.9 million Prius cars for software defect in hybrid system
TOKYO (Reuters) – Toyota Motor Corp on Wednesday issued a recall covering all 1.9 million of the third-generation Prius cars sold worldwide, due to a programming glitch in their hybrid system.
New Canada aid for auto sector not just for Chrysler: minister
OTTAWA (Reuters) – The additional C$500 million in subsidies for the Canadian auto sector announced by the Canadian government is not aimed solely at Chrysler Group, which recently requested funding, Finance Minister Jim Flaherty said on Wednesday.
Thomson Reuters posts sharper-than-expected fall in profit
NEW YORK (Reuters) – Thomson Reuters Corp on Wednesday reported a steeper-than-expected drop in fourth-quarter earnings, hurt by cutbacks at financial institutions in Europe and in emerging markets, sending its shares down more than 5 percent.
U.S. auto industry quality slips for first time in 16 years: survey
DETROIT (Reuters) – Engine and transmission problems caused quality in the U.S. auto industry to slip for the first time in 16 years in a vehicle dependability study of owners of 3-year-old cars and trucks, falling from last year’s record-high levels.
