Exclusive: Goldman Sachs miner halts coal exports from Colombia
BOGOTA (Reuters) – Goldman Sachs -owned miner Colombian National Resources (CNR) has halted coal exports from Colombia after the country introduced a new environmental law that CNR is not yet able to comply with, a company source told Reuters on Thursd…
Apollo raises largest private equity fund since financial crisis
NEW YORK (Reuters) – Apollo Global Management LLC said on Thursday it had completed fundraising for its latest flagship private equity fund, amassing $17.5 billion from investors, the most any such fund has raised since the financial crisis.
SAC’s Martoma tried to cover up fraud at Harvard, documents show
NEW YORK (Reuters) – Years before he was accused of insider trading, former SAC Capital Advisors portfolio manager Mathew Martoma forged a Harvard transcript, falsified an email, and created a dummy forensic computing company to try to cover his tracks…
Bernanke gives upbeat assessment of economy to U.S. senators
WASHINGTON (Reuters) – Federal Reserve Chairman Ben Bernanke on Thursday offered an optimistic view on the U.S. economy’s prospects to Democratic senators, but warned that “tough decisions” were ahead on dealing with long-term budget deficits and healt…
Sales declines at Sears U.S., Kmart worsen during holidays
NEW YORK (Reuters) – Sears Holdings Corp’s sales are slipping faster and faster.
U.S. airline shares jump on strong December results
(Reuters) – Shares of United Continental Holdings rose as much as 12 percent on Thursday as the airline sector was buoyed by strong December traffic reports that some analysts said boded well for upcoming earnings.
Analysis: Housing experts warn of hiccups as new U.S. mortgage rules go live
WASHINGTON (Reuters) – U.S. banks and housing groups are bracing for paperwork headaches and delays as major post-crisis mortgage reforms take effect later this week, but experts say prior warnings of a blow to the housing recovery will not be proven r…
Rolls-Royce Motor confident of another strong year as bling hits the road
LONDON (Reuters) – As Rolls-Royce delivered its fourth straight annual sales record on Thursday, the head of the luxury British car maker had a few predictions for 2014 – less bling, greater demand for customization, and more women buyers.
Diamond Foods to pay $5 million to settle SEC fraud case
(Reuters) – San Francisco-based snack food company Diamond Foods Inc will pay $5 million to settle civil charges that the company and two former top executives mislead investors, lying about walnut costs to boost earnings, U.S. regulators said Thursday…
U.S. ICSC retail sales 3.7 percent in December
NEW YORK (Reuters) – U.S. comparable chain store sales rose 3.7 percent in December from a year earlier after increasing 2.1 percent in November, the International Council of Shopping Centers said in a report on Thursday.
