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.
Etihad and Alitalia tie-up deal enters home straight
ABU DHABI (Reuters) – Etihad Airways and Alitalia are in the final phase of due diligence for a possible investment by the Abu Dhabi carrier in the troubled Italian airline, the companies said on Sunday.
Novartis to cut or transfer up to 4,000 pharma jobs: paper
ZURICH (Reuters) – Swiss drugs group Novartis intends to cut or transfer up to 4,000 jobs, newspaper NZZ am Sonntag reported on Sunday, citing an internal email.
German industry says energy reform plans threaten jobs
BERLIN (Reuters) – German industry has warned that the government’s new energy plans jeopardize jobs in Europe’s biggest economy, in particular a proposal to make firms that generate their own electricity pay charges to support renewable sources.
Etihad in final due diligence stage for Alitalia stake buy
DUBAI (Reuters) – Etihad Airways and Alitalia are in the final phase of a due diligence process that may result in an investment by the Abu Dhabi carrier in the troubled Italian airline, both companies said in a joint statement on Sunday.
Hedge funds seek 1.8 billion damages from members of Porsche’s owning family
FRANKFURT (Reuters) – Investors including U.S. hedge fund Elliott Associates have escalated a legal battle against members of Porsche’s supervisory board by seeking 1.8 billion euros ($2.43 billion) in damages from Wolfgang Porsche and his cousin Ferdi…
Spain’s Rajoy says taxes will come down gradually
MADRID (Reuters) – A tax reform due to be announced in the first quarter will bring about the gradual reduction of tax rates in Spain over the coming years, Prime Minister Mariano Rajoy said in a speech on Sunday to a national convention of the ruling …
Indian state bars foreign supermarkets in latest blow for chains
MUMBAI (Reuters) – The Indian state of Rajasthan has barred foreign direct investment in supermarkets, an ominous sign for global retailers who covet India’s vast but fragmented retail sector if the country’s main opposition Bharatiya Janata Party (BJP…
AT&T cuts prices for wireless data plan customers
NEW YORK (Reuters) – AT&T Inc, the No. 2 U.S. mobile provider, on Saturday announced a price cut for customers who share large data plans in its latest attempt to regain ground lost to market leader Verizon Wireless and No. 4 U.S. operator T-Mobile US.
UK says close to placing order for F-35 jets
MUNICH (Reuters) – Britain is close to placing its first order for Lockheed Martin-built F-35 super-stealth jets, Defence Secretary Philip Hammond said on Saturday.
