AT&T to sell Connecticut wireline assets to Frontier for $2 billion
(Reuters) – AT&T Inc, the biggest U.S. phone company, said on Tuesday that it would sell its wireline operations in Connecticut to regional telephone operator Frontier Communications for $2 billion in cash, to help fund network upgrades.
Analysis: Aerospace M&A likely to get boost from U.S. budget deal
WASHINGTON/LONDON (Reuters) – A U.S. budget agreement making its way through Congress could set off the most robust series of mergers and acquisitions in the aerospace and defense sectors in years, industry leaders and experts say.
Microsoft expects CEO appointment early 2014
SEATTLE (Reuters) – The board member leading Microsoft Corp’s search for a new chief executive said on Tuesday he expects an appointment to be made early next year, the first time the board has been so specific on timing.
BP files fraud suit to cut oil spill seafood fund payout
HOUSTON (Reuters) – BP Plc filed a fraud lawsuit in U.S. court on Tuesday to halt some of the $2.3 billion it set aside to compensate commercial fishermen for losses claimed after the British oil company’s 2010 offshore oil spill, the biggest in U.S. h…
Germany proposes Bundesbank deputy for ECB board seat
BERLIN (Reuters) – Germany has proposed Sabine Lautenschlaeger, a vice president at the German Bundesbank, to take the seat on the European Central Bank board that is being vacated by Joerg Asmussen, a government spokesman said on Tuesday.
Monte Paschi risks nationalization if share issue delayed: chairman
ROME (Reuters) – A delay past January in a 3 billion euro ($4.1 billion) share issue by troubled Italian lender Monte dei Paschi di Siena would cause great uncertainty and could force the bank to be nationalized, its chairman said on Tuesday.
3M sets year’s biggest U.S. buyback plan, raises dividend
(Reuters) – 3M Co, whose products range from Post-It notes to films used in flat-panel TVs, said it could buy back up to $22 billion of shares in the five years through 2017, joining a list of companies announcing big capital returns to shareholders.
Unicredit has repaid 5 billion euros of ECB LTRO funding: CEO
MILAN (Reuters) – UniCredit , Italy’s biggest bank by assets, has paid back 5 billion euros of the cheap liquidity it acquired from the European Central Bank so far, its chief executive said on Tuesday.
SEC says it collected a record $3.4 billion from 2013 cases
WASHINGTON (Reuters) – The Securities and Exchange Commission said on Tuesday it levied a record $3.4 billion in sanctions in enforcement cases in the latest fiscal year, up 10 percent from the previous year.
Inflation tame, but Fed may still trim bond buying
WASHINGTON (Reuters) – Consumer prices were flat in November, but the lack of inflation pressures in the economy will probably not stop the Federal Reserve from scaling back its bond-buying program soon.
