Shareholder DWS urges Lufthansa to appoint new CEO
FRANKFURT (Reuters) – Deutsche Bank’s fund management unit DWS is growing impatient with German airline Lufthansa’s delay in appointing a new chief executive, Frankfurter Allgemeine Zeitung said.
Opel reaches job guarantee deal with 3 German factories
FRANKFURT (Reuters) – General Motors Co’s unit Opel said it had signed a collective labor agreement with employees at its German factories in Ruesselsheim, Kaiserslautern and Eisenach, in an accord that includes a job protection guarantee until 2018.
Sony, Lenovo in talks on possible PC business alliance: report
TOKYO (Reuters) – Japan’s Sony Corp and Chinese technology company Lenovo Group are in talks about a possible joint venture to take over Sony’s loss-making Vaio PC business overseas, Japanese broadcaster NHK reported on Saturday.
India’s Rajasthan state bars entry of foreign supermarkets
MUMBAI (Reuters) – The government of India’s western state of Rajasthan has barred foreign direct investment in the multi-brand retail sector, newspapers said, becoming the second state to block foreign supermarkets from setting up shop.
Keystone report raises pressure on Obama to approve pipeline
WASHINGTON (Reuters) – Pressure for President Barack Obama to approve the Keystone XL pipeline increased after a State Department report played down the impact it would have on climate change, irking environmentalists and delighting the project’s propo…
China’s January official PMI slips to six-month low
BEIJING (Reuters) – China’s factory growth eased to an expected six-month low in January, hurt by weaker local and foreign demand, a survey showed, a soft start for the year that heightens worries of an economic slowdown.
White House says Keystone decision to come only after careful review
WASHINGTON (Reuters) – The White House said late on Friday that a decision on the Keystone XL pipeline will come only after a careful review of a new environmental impact study from the State Department as well as other comments and information.
Court approves Bank of America’s $8.5 billion mortgage deal
NEW YORK (Reuters) – A New York state judge on Friday approved most of Bank of America Corp’s $8.5 billion settlement with investors over toxic mortgage securities, but left a caveat that could complicate the bank’s efforts to implement the deal.
Big chill gives Dow, S&P worst month since May 2012
NEW YORK (Reuters) – A selloff in emerging markets sent a cold chill down Wall Street, triggering a slide on Friday and making January its worst month since May 2012 after one of its best years in more than a decade.
Wall Street Week Ahead: Stocks may face pain, though buyers remain
NEW YORK (Reuters) – Investors may crave a quiet market this coming week to digest the recent volatility in stocks and rehash Sunday’s Super Bowl, but the prospect doesn’t look likely.
