EU parliamentary election tops Europe concerns for CEOs in Davos
DAVOS, Switzerland (Reuters) – The risk of a lurch to the right in May’s European parliamentary election is vexing top global chief executives, who worry that the vote will make the bloc harder to govern just as they want it to reform.
South Africa’s Implats shuts mines ahead of platinum strike
JOHANNESBURG (Reuters) – South Africa’s Impala Platinum shut its Rustenburg operations on Wednesday a day before a planned strike over wages across the country’s platinum belt by the hardline Association of Mineworkers and Construction union (AMCU).
Tourre and SEC more than $1 million apart on penalty for fraud
NEW YORK (Reuters) – A $1 million gulf stands between the top U.S. securities regulator and former Goldman Sachs Group Inc vice president Fabrice Tourre over the appropriate size of his penalty for securities fraud.
Wells Fargo to sell servicing rights to $39 billion in home loans
(Reuters) – Wells Fargo & Co said on Wednesday that it would sell Ocwen Financial Corp the right to collect payments on 184,000 home loans representing roughly 2 percent of its residential portfolio.
IBM shares open down 5 percent after weak results
(Reuters) – Shares in IBM Corp opened down about 5 percent on Wednesday, a day after it missed revenue expectations, hurt by weak demand for its servers and storage equipment, particularly in growth markets such as China.
Volkswagen’s labor chief says U.S. operations a ‘disaster’
WOLFSBURG, Germany (Reuters) – Volkswagen’s top labor representative has dubbed the carmaker’s U.S. operations a “disaster” and called for more models and swift decisions to revive the German group’s declining fortunes in the world’s second-largest aut…
Coach sales in N. America plummet as it loses more ground to rivals
(Reuters) – Coach Inc’s sales in North America during the key holiday quarter fell more than the handbag maker had forecast as new rivals continued to eat away at its market lead and fewer shoppers came into its stores.
Analysis: Rigor and risk in India central bank reform push
MUMBAI (Reuters) – The biggest overhaul of India’s monetary policy in 15 years aims to tackle the nagging inflation that pushes up credit costs and stifles investment, but the changes risk imperiling already weak economic growth in the absence of broad…
El-Erian departure weighs on Allianz shares
FRANKFURT (Reuters) – Allianz shares slipped 1.9 percent on Wednesday, lagging a flat sector index , following news that the star chief executive of its Pimco asset management unit, Mohamed El-Erian, is to step down from the post.
Abu Dhabi’s Etihad secures U.S. route-sharing deal with JetBlue
ABU DHABI (Reuters) – Abu Dhabi’s state-owned Etihad Airways has secured a deal to share route codes with U.S. carrier JetBlue Airways , it said on Wednesday, a move which extends the reach of its apparent network in the United States and nearby market…
