U.S. outlook too uncertain for M&A rush: Airbus exec
WASHINGTON (Reuters) – Uncertainty about U.S. budget levels is limiting the prospects for increased merger and acquisition activity in the defense industry, Sean O’Keefe, chief executive officer of the U.S. operations of Europe’s Airbus, said on Tuesda…
Firming U.S. economy seen supporting jobs market in December
WASHINGTON (Reuters) – A strengthening U.S. economy likely encouraged employers to maintain a strong pace of hiring in December, further supporting the Federal Reserve’s decision last month to start curtailing its massive monetary stimulus.
McArtor named chairman, CEO of Airbus U.S. unit
WASHINGTON (Reuters) – Allan McArtor, who heads Airbus U.S. commercial operations, will take over as chairman and chief executive of the overall U.S. unit of the European weapons and planemaker on March 1, replacing Sean O’Keefe, the company said Tuesd…
Goldman, JPMorgan and peers must rethink pay to meet EU cap
LONDON (Reuters) – Investment bankers working in London for many top U.S. and European groups face a major overhaul of their pay structure, as their recent bonuses have far exceeded new EU rules which will curb payouts to be made this time next year.
Verizon CEO says U.S. may demand spectrum sales for mobile merger
NEW YORK (Reuters) – A deal that reduces the U.S. mobile market to three national operators from four could raise eyebrows at regulators and require the merging parties to sell spectrum, according to Verizon Communications Chief Executive Lowell McAdam…
Exclusive: SpiceJet orders 40 Boeing jets worth $4 billion: sources
DUBAI/PARIS (Reuters) – Indian budget airline SpiceJet has agreed to buy about 40 Boeing 737 jets worth over $4 billion at list prices, industry sources said, a move that could help the loss-making carrier as it seeks new investors.
Weak imports drive U.S. trade deficit to four-year lows
WASHINGTON (Reuters) – The U.S. trade deficit fell to its lowest level in four years in November as exports hit a record high and weak oil prices held down the import bill, the latest evidence of strengthening economic fundamentals.
Goldman, KKR to sell 10.8 percent stake in forklift maker Kion
FRANKFURT (Reuters) – Goldman Sachs and private equity firm KKR will sell a 10.8 percent stake in German forklift maker Kion Group AG starting immediately, Goldman said in a statement on Tuesday.
Having dissented, Fed’s Rosengren gets comfortable with QE cuts
HARTFORD, Connecticut (Reuters) – The lone Federal Reserve official to dissent against the U.S. central bank’s decision to cut stimulus said on Tuesday he is nonetheless comfortable with the current approach of reducing bond-buying by $10-billion incre…
U.S. urges Europe to take more action on bank backstops
PARIS (Reuters) – The United States would like to see Europe do more to build up its backstops and bank capital, U.S. Treasury Secretary Jack Lew said on Tuesday in Paris, insisting it would be good for the European economy.
