Marchionne’s Fiat-Chrysler coup the beginning, not the end
PARIS (Reuters) – Fiat’s deal to take full control of Chrysler on better-than-expected terms has cemented CEO Sergio Marchionne’s dealmaking reputation, but he might run out of road to channel that drive into operational success for the business.
FireEye buys cyber forensics firm Mandiant for about $1 billion
BOSTON (Reuters) – Cybersecurity company FireEye Inc has acquired Mandiant Corp, the computer forensics specialist best known for unveiling a secretive Chinese military unit believed to be behind a series of hacking attacks on U.S. companies.
Early spotlight on Portugal, France in new credit ratings calendar
LONDON (Reuters) – Europe’s new calendar for sovereign credit ratings, an EU measure to shine a light on the actions of ratings agencies, will in its busy first few weeks thrust the market spotlight on bailed-out Portugal and recently downgraded France…
Martha Stewart, Macy’s settle lawsuit over Penney deal
(Reuters) – Martha Stewart Living Omnimedia Inc said it settled a lawsuit with retailer Macy’s Inc over a home products deal with department store J.C. Penney Co Inc .
Fisker seeks rejection of Chinese suitor it blames for its bankruptcy
(Reuters) – Fisker Automotive, the bankrupt maker of a plug-in hybrid sports car, asked a federal judge to approve its proposed sale to a Hong Kong tycoon rather than a Chinese suitor that Fisker alleged was to blame for its failure.
World manufacturing ends 2013 on a strong note
NEW YORK/LONDON/BEIJING (Reuters) – Global manufacturing ended 2013 on a strong note, as major exporters like the United States, Japan and Germany all saw demand pick up, although China’s performance remained modest, surveys showed on Thursday.
Private investors increasingly keen on Ally shares
NEW YORK (Reuters) – Demand for Ally Financial’s shares has been ramping up, with investors paying increasingly high prices in recent private transactions that signal the U.S. government could be able to sell its remaining stake in the auto lender this…
U.S. factory, jobs data show underlying strength in economy
WASHINGTON (Reuters) – U.S. factory activity held near a 2-1/2-year high in December and the number of Americans filing new claims for jobless benefits fell again last week, suggesting the economy was poised for stronger growth in 2014.
Fiat shares jump on Chrysler merger deal
MILAN (Reuters) – Fiat’s $4.35 billion deal to gain full control of Chrysler Group LLC sent its shares to a near 2-1/2-year high on Thursday, despite doubts over whether the Italian carmaker could use the merger to cut losses in Europe.
Citigroup paid $250 million to resolve U.S. mortgage suit
WASHINGTON (Reuters) – Citigroup Inc. paid $250 million to taxpayer-owned Fannie Mae and Freddie Mac to settle a lawsuit over soured mortgage securities, the regulator of the two housing finance firms said on Thursday.
