DBS in advanced talks to buy SocGen Asia private bank: sources
SINGAPORE/HONG KONG (Reuters) – Singapore’s DBS Group Holdings is in advanced talks to buy Societe Generale’s Asian private bank, a deal that would help boost its private banking assets by almost a third, sources familiar with the matter said.
Minicars fare worst in vehicle frontal crash test: report
DETROIT (Reuters) – Minicars such as the Fiat 500 and Honda Fit performed worse than any other vehicle segment in a frontal crash test that mimics what happens when a car hits another vehicle, utility pole or tree.
Target to stop healthcare coverage for part-time workers
(Reuters) – Target Corp said it will stop offering health coverage to part-time workers, citing new public insurance exchanges floated by the U.S. government.
Mohamed El-Erian resigns from Pimco, to stay on at Allianz
BOSTON (Reuters) – Mohamed El-Erian, heir apparent to Pimco co-founder Bill Gross, will step down as chief executive and co-chief investment officer, raising questions about the future course of Pacific Investment Management Co, the world’s largest bon…
Sears closes Chicago flagship store as it moves to online retail
NEW YORK (Reuters) – Sears Holdings Corp is closing its downtown Chicago flagship outlet in April, the latest move by the retailer to cut the number of its stores as it relies more on online retailing.
Citi warns against Britain’s exit from the EU: FT
(Reuters) – Citigroup Inc has warned against the United Kingdom opting out of the European Union, saying such a move could hurt the British economy and reduce investment from international companies, the Financial Times reported on Tuesday.
IBM revenue misses Street hit by weak China demand
(Reuters) – IBM, the world’s largest technology services company, reported quarterly revenue that missed estimates for the fourth straight quarter, due to a steep fall in demand for servers and storage products in emerging markets such as China.
Mohamed El-Erian resigns from Pimco, to stay on at Allianz
BOSTON (Reuters) – Mohamed El-Erian, long seen as the heir apparent at the world’s biggest bond fund manager, is stepping down from his roles at Pacific Investment Management Company.
BlackBerry to divest majority of its Canadian real estate
TORONTO (Reuters) – BlackBerry Ltd said on Tuesday it intends to divest the majority of its real estate holdings in Canada, as it seeks to bolster its balance sheet and turn around its fortunes.
Dow Jones CEO Lex Fenwick to leave News Corp
(Reuters) – News Corp said that Dow Jones Chief Executive Lex Fenwick is leaving News Corp and will be replaced by William Lewis as interim CEO.
