Judge raises concerns about Fisker’s race through bankruptcy
WILMINGTON (Reuters) – Fisker Automotive Holdings Inc might not be making its plug-in Karma sports cars anymore, but it still knows speed. The company’s lawyers convinced a bankruptcy judge on Tuesday that its Chapter 11 should proceed at an unusually …
Wall Street falls after record; Fed remains in focus
NEW YORK (Reuters) – Stocks slipped on Tuesday, a day after a record close on the S&P 500, with traders looking ahead to next week’s Federal Reserve meeting in the absence of market-moving economic data.
Europe sketches plan to close troubled banks
BRUSSELS (Reuters) – Euro zone countries edged closer on Tuesday to agreeing a plan to close ailing banks and sharing the costs, a move that would pave the way for a fundamental reform to underpin the currency and its banks.
Lululemon aims to move past gaffes with new CEO, chairman
TORONTO (Reuters) – Lululemon Athletica Inc named a new chief executive on Tuesday and said founder Chip Wilson will step down as chairman, as the upscale yogawear retailer tries to expand globally and put a series of embarrassing quality issues and ot…
Asset managers chafe as Indian regulator cracks down on new funds
MUMBAI (Reuters) – When Franklin Templeton’s India unit wanted to launch a mutual fund that would switch allocation among stocks, bonds, gold and money markets, the Indian regulator baulked, deeming it too risky for domestic investors, according to the…
U.S. Supreme Court rules for Sprint in fees fight
WASHINGTON (Reuters) – The U.S. Supreme Court on Tuesday ruled for a Sprint Nextel Corp subsidiary locked in a dispute with the utilities regulator in Iowa.
Twitter shares touch new high, sail past $52
SAN FRANCISCO (Reuters) – Investors piled into Twitter Inc for the second straight day, lifting its shares to more than $52 and setting a new intraday high on Tuesday even in the absence of any significant announcements from the social media debutante….
Wal-Mart taps insider to head international division
(Reuters) – Wal-Mart Stores Inc on Tuesday said the head of its Canadian division would take over the retailer’s international unit next year, succeeding Doug McMillon, who was named CEO of the company last month.
Citigroup CFO sees fourth-quarter markets results slipping
(Reuters) – Fourth-quarter capital markets and underwriting revenues this quarter are running slightly below results from a year ago, Citigroup Inc Chief Financial Officer John Gerspach said on Tuesday.
AutoZone to focus on sales to repair chains as retail drags
(Reuters) – AutoZone Inc , the largest U.S. auto parts retailer, reported a better-than-expected quarterly profit as it focuses on its fast-growing business that sells to auto repair chains to offset weakness in its main do-it-yourself market.
