Nestle sells PowerBar and Musashi to U.S. group Post Holdings
LONDON/ZURICH (Reuters) – Food group Nestle is selling its sports nutrition business under the PowerBar and Musashi brands to U.S. group Post Holdings , the Swiss company said, in its drive to shed underperforming assets.
French and Spanish car sales add to European recovery signs
PARIS/BERLIN (Reuters) – Car sales in France and Spain rose for the fifth straight month in January, suggesting the recovery in Europe’s autos market is strengthening following a six-year slump.
Lloyds Bank disappoints on dividend after mis-selling charge
LONDON (Reuters) – Lloyds Banking Group dashed investors’ hopes of receiving a dividend for 2013 after it took a further 1.8 billion pound ($3 billion) mis-selling charge that will blunt its ability to make shareholder payouts until next year.
Julius Baer misses profit view as U.S. tax probe weighs
ZURICH (Reuters) – Julius Baer suffered a double blow on Monday as yearly earnings fell short of expectations and clients transferring from recently acquired Merrill funds were set to reach only the low end of its target range.
Japan’s top three banks poised to benefit from spurt in domestic loan growth
TOKYO (Reuters) – Japan’s biggest banks, flush with cash from a year-long stock market rally, are poised to benefit this year from a spurt in loan growth at home fuelled by the economic stimulus measures of Prime Minister Shinzo Abe.
Almost half of European businesses say corruption a problem
BRUSSELS (Reuters) – Corruption is a problem for almost half the companies doing business in Europe, a survey by the European Commission said on Monday, and an increasing number of European Union citizens think it is getting worse.
In trickle-down Abenomics, some Toyota suppliers come up dry
NAGOYA, Japan (Reuters) – Toyota Motor Corp is one of the conspicuous success stories of Japan’s radical efforts to revive its economy, with profits rebounding and its 60,000 workers in Japan hoping this year to receive their first base wage rise in si…
Analysis: As U.S. debates oil exports, long-term prices slump below $80
NEW YORK (Reuters) – Long-term U.S. oil prices have slumped to record discounts versus Europe’s benchmark Brent, with some contracts dropping below $80 in a dramatic downturn that may intensify producers’ calls to ease a crude export ban.
SEC judge who took on the ‘Big Four’ known for bold moves
WASHINGTON (Reuters) – Cameron Elliot, the U.S. administrative judge who recently delivered a stunning rebuke to the global “Big Four” accounting firms, has a reputation for not shying away from big cases.
EU antitrust czar nears end of term with dragons to slay
PARIS (Reuters) – The clock is ticking for the European Union’s antitrust czar, whose extensive powers put him in the front line of battles with some of the titans of the global economy.
