Likely Nomura exit from lender may spur Japan regional bank shake-up
TOKYO (Reuters) – Ashikaga Holdings Co Ltd’s return to Japan’s stock market has rival lenders bracing for the exit of its main shareholder Nomura Holdings Co – an event expected to trigger consolidation among the country’s regional banks.
Honda to unveil new Fit, Acura TLX prototype at Detroit auto show
DETROIT (Reuters) – Honda Motor Co will introduce a new version of its subcompact Fit and the automaker’s luxury brand Acura will show its TLX midsize sedan as a prototype at the North American International Auto Show in Detroit next month.
AstraZeneca to buy Bristol out of diabetes venture for up to $4.1 billion
LONDON (Reuters) – AstraZeneca has agreed to buy Bristol-Myers Squibb’s stake in the companies’ diabetes joint venture for up to $4.1 billion in a deal that will help return the group to growth, sending its shares to a new high.
UBS to sell employee equity services business
ZURICH (Reuters) – UBS said on Thursday it would sell its administrative services arm for employee equity plans to Montagu Private Equity as part of the Swiss bank’s drive to simplify its operations.
RBS clamps down on multi-dealer online chat rooms
(Reuters) – Royal Bank of Scotland’s markets division has banned the use of multi-dealer online chat rooms, the bank said, joining rival banks that have taken similar action in response to regulatory scrutiny.
Boeing machinists bloc demand vote on 777X contract offer
EVERETT, Washington (Reuters) – Several dozen machinists rallied near Boeing’s main aircraft factory here on Wednesday, demanding the chance to vote on a labor contract that union leaders rejected last week.
Consumer Reports restores Toyota Camry as a top safety pick
DETROIT (Reuters) – Toyota Motor Corp erased a black mark on its reputation for quality on Thursday when Consumer Reports restored a recommended rating for the flagship Camry sedan less than two months after the influential magazine had pulled the rati…
SAC’s Steinberg found guilty of insider trading
NEW YORK (Reuters) – Michael Steinberg, a top portfolio manager at Steven A. Cohen’s SAC Capital Advisors hedge fund, was found guilty on Wednesday on charges that he traded on insider information.
Boeing promotes defense chief to chief operating officer
WASHINGTON (Reuters) – Boeing Co on Wednesday promoted Dennis Muilenburg, head of its defense division, to the post of president and chief operating officer, a move that company insiders and analysts said makes him “heir apparent” to Chief Executive Ji…
Fed cuts bond buying in first step away from historic stimulus
WASHINGTON (Reuters) – The Federal Reserve on Wednesday embarked on the risky task of winding down the era of easy money, saying the U.S. economy was finally strong enough for it to start scaling down its massive bond-buying stimulus.
