Lufthansa names Carsten Spohr as CEO
FRANKFURT (Reuters) – Lufthansa has named company veteran Carsten Spohr as the group’s new chief executive, Germany’s largest airline said on Friday.
ECB to gain far-reaching powers as euro zone banks’ supervisor
FRANKFURT (Reuters) – The European Central Bank will attain significant powers over the euro zone’s commercial banks once it becomes their supervisor later this year, including withdrawing bank licences and assessing acquisitions, it said on Friday.
Global shares rally on hopes for U.S. jobs growth
PARIS (Reuters) – Stocks gained ground on Friday to further recover from a steep two-week selloff, buoyed by expectations that a January U.S. jobs report will soothe recent concerns over the pace of global growth.
Sacyr group seeks compromise in Panama Canal dispute
MADRID (Reuters) – The companies working to widen the Panama Canal have made a new proposal to resolve a row over cost overruns on the multi-billion dollar project, the consortium said on Friday.
Lufthansa picks Carsten Spohr as new CEO: source
FRANKFURT (Reuters) – German airline Lufthansa has picked company veteran Carsten Spohr to succeed Chief Executive Christoph Franz when his contract runs out at the end of May, a person familiar with the matter told Reuters.
SAC Capital’s Martoma found guilty of insider trading
NEW YORK (Reuters) – Mathew Martoma, a former portfolio manager at billionaire Steven A. Cohen’s SAC Capital Advisors hedge fund, was found guilty on Thursday of engaging in what prosecutors called the most lucrative insider trading scheme in U.S. hist…
BHP cuts Australia coal mine jobs as cost pressures mount
SYDNEY (Reuters) – Anglo-Australian miner BHP Billiton and Japanese trading house Mitsubishi Corp will cut around 230 jobs at a jointly-owned coal mine in Australia in a cost-cutting move as Asia’s demand for the fuel wanes.
U.S. consumer officials seek input on improving mortgage data
WASHINGTON (Reuters) – U.S. regulators plan to seek input on how to improve public data used to spot discriminatory lending and other possible abuses in the mortgage market, the Consumer Financial Protection Bureau said on Friday.
Apple buys back $14 billion of shares in two weeks since results
(Reuters) – Apple Inc has repurchased $14 billion of its stock in the two weeks since it reported disappointing first-quarter results, a company spokesman said.
Panama Canal ready to nix contract if no consortium deal soon
PANAMA CITY (Reuters) – The Panama Canal is ready to pull the plug on a Spanish-led consortium’s contract to expand the major world shipping route unless the two sides reach a deal quickly amid a spat over massive cost overruns, its administrator said …
