India’s GMR picks Citi, 3 others for $300-$350 million airport IPO: sources
MUMBAI (Reuters) – India’s GMR Infrastructure Ltd has hired four banks including Citigroup and JPMorgan to manage the listing of its airport business that is expected to raise $300-$350 million, sources with direct knowledge of the matter said.
GM’s Opel says to build new model at German Ruesselsheim plant
FRANKFURT (Reuters) – General Motors’ Opel said on Thursday it would build a new model at its German plant in Ruesselsheim.
PepsiCo to replace Coca-Cola at Buffalo Wild Wings : NYT
(Reuters) – PepsiCo is set to replace Coca-Cola as the beverage supplier to restaurant chain Buffalo Wild Wings , the New York Times reported on Wednesday.
Mexico’s landmark energy bill nears final approval
MEXICO CITY (Reuters) – Mexico’s Congress was on Thursday poised to complete approval of the biggest overhaul of its oil industry since nationalization 75 years ago, opening the door to investment by oil majors in a bid to reverse falling output.
Peugeot hit by 1.1 billion euro writedown, trims GM goals
PARIS (Reuters) – PSA Peugeot Citroen announced a 1.1 billion euro ($1.52 billion) writedown on Thursday, reflecting a weaker sales outlook and currency headwinds in Russia and Latin America.
Japan cabinet approves $53 billion extra budget to fund stimulus
TOKYO (Reuters) – Japanese Prime Minister Shinzo Abe’s cabinet approved on Thursday a $53 billion extra budget for the current fiscal year to fund stimulus steps announced last week aimed at offsetting the blow from a planned increase in the national s…
Exclusive: Ford board aims to pin down CEO Mulally’s plans
DETROIT/NEW YORK (Reuters) – Ford Motor Co’s board of directors plans to press Chief Executive Alan Mulally soon for a decision on his future, as speculation intensifies that he may be offered the job of CEO at Microsoft Corp.
Apple scores legal victory over Samsung in South Korea
SEOUL (Reuters) – Samsung Electronics Co Ltd on Thursday lost its bid to ban sales of Apple Inc’s older iPhone and iPad in South Korea after a court dismissed a lawsuit claiming the U.S. firm had infringed on three of Samsung’s mobile patents.
Analysis: Europe no longer the bane of U.S. corporate profits
NEW YORK (Reuters) – Europe, long a scapegoat for weak earnings at U.S. multinational companies, is now looking like a more dependable source of profits, and that could make some stocks that have lagged this year’s rally more enticing to investors.
Criminal action expected for JPMorgan in Madoff case: NYT
(Reuters) – JPMorgan Chase & Co and federal authorities are nearing settlements over the bank’s relationship with convicted Ponzi schemer Bernard Madoff, striking tentative deals that would involve about $2 billion in penalties and a rare criminal action, the New York Times reported.
