SAC agrees to sell reinsurance business to investor group
(Reuters) – A group of investors led by insurance-industry veteran Brian Duperreault struck a deal to buy billionaire trader Steven A. Cohen’s SAC Capital Advisors LP’s reinsurance business.
U.S. exits GM stake, taxpayers lose $10 billion
WASHINGTON (Reuters) – The U.S. government sold its last shares of automaker General Motors Co on Monday, marking an end to a historic bailout of one of America’s most storied companies.
Fed on track to taper in March; chances of December or January rise: Reuters poll
(Reuters) – The Federal Reserve will begin trimming its monthly asset purchases in March but some economists are warming up to the idea that it will do so as early as this month or at the January policy meeting, a Reuters poll showed on Monday.
McDonald’s November sales miss as U.S. weakness persists
(Reuters) – McDonald’s Corp on Monday reported another sluggish month of sales at established restaurants, results that suggest the famed hamburger chain is losing U.S. market share to rivals.
Time Warner Cable, Charter execs see benefits of deals but in no rush
(Reuters) – Time Warner Cable’s incoming chief executive Rob Marcus said on Monday he is in no hurry to sell the company, while Charter’s CEO Tom Rutledge, a potential suitor, said the smaller company sees benefits in growing through acquisitions.
Exclusive: Gulf firms consider bid for Occidental MidEast stake – sources
DUBAI (Reuters) – Three state-owned Gulf firms are considering a joint bid for a minority stake in Occidental Petroleum Corp’s Middle East and North Africa (MENA) unit, a deal that could be worth between $8 billion and $10 billion, three banking source…
Bilfinger to pay $32 million over U.S. corruption charges
WASHINGTON (Reuters) – German engineering company Bilfinger SE will pay $32 million to resolve U.S. criminal charges that it bribed Nigerian officials to obtain contracts on a gas project in the African nation, the Justice Department said on Monday.
S&P 500 floats up to record close in quiet day on Wall St.
NEW YORK (Reuters) – Stocks edged higher on Monday, with the S&P 500 closing at a record high, as traders awaited more clues from the Federal Reserve on whether the U.S. central bank would soon begin winding down its economic stimulus.
Policy centrist says ready to taper Fed bond buys
(Reuters) – A top Federal Reserve official who is sometimes seen as a bellwether for U.S. monetary policy on Monday offered his voice to a growing contingent at the central bank that has argued for reducing the Fed’s bond buying at a meeting next week….
American Air to seek more corporate customers after merger
DALLAS (Reuters) – American Airlines Group , the world’s biggest airline after AMR Corp’s merger with US Airways Group, intends to take advantage of its broad global network to win more corporate customers, the company’s president said.
