Nike and Adidas square off for Brazil World Cup in ongoing brand battle
FRANKFURT (Reuters) – When soccer teams battle for the World Cup in Brazil next year, another fight for global supremacy will be played out on the pitches – between Adidas and Nike.
Supreme Court justice denies stay in airline merger
WASHINGTON (Reuters) – A U.S. Supreme Court justice on Saturday night denied a last-ditch effort by a group of consumers and travel agents to stop the merger of American Airlines and US Airways.
Greek parliament approves 2014 budget plan
ATHENS (Reuters) – Greece’s parliament approved a budget plan on Saturday filled with over 3 billion euros of austerity cuts that sees the debt-laden country emerging from a six-year recession next year.
Libya lost $7 billion to oil strikes, must find new buyers
TRIPOLI (Reuters) – Libya has lost more than $7 billion and faces new competition from Algeria and Nigeria in oil markets due to strikes at oilfields and ports drying up exports, Oil Minister Abdelbari al-Arusi said on Saturday.
Exclusive: Mexico’s draft energy reform spans profit-sharing to licenses
MEXICO CITY (Reuters) – Mexican lawmakers unveiled a draft energy bill on Saturday that includes contracts ranging from profit-sharing and risk-sharing to licenses to lure private investment, in what would be the biggest opening in the world’s No. 10 p…
JPMorgan emails show China family hires made to win deals: NYT
(Reuters) – Internal JPMorgan Chase & Co emails and computer files being examined by U.S. authorities show that the bank favored hiring people from prominent Chinese families in order to win investment banking business, the New York Times reported on Saturday.
Italian businessman says will invest 15 million euros in Alitalia cash call
MILAN (Reuters) – Italian businessman Antonio Percassi said on Saturday he will subscribe to troubled airline Alitalia’s capital increase for 15 million euros ($21 million) through his Odissea holding company.
Libya lost $7 billion to oil strikes, must find new buyers
TRIPOLI (Reuters) – Libya has lost more than $7 billion and faces new competition from Algeria and Nigeria in oil markets due to strikes at oilfields and ports drying up exports, Oil Minister Abdelbari al-Arusi said on Saturday.
BP investors lose bid for class status in Gulf spill case
(Reuters) – A U.S. federal judge has refused to allow investors to proceed as a group in a lawsuit accusing BP Plc of fraud by misleading them – before and after the 2010 Gulf of Mexico oil spill – about the company’s ability to respond to an accident….
Ex-SAC trader points to Cohen testimony in insider trading case
(Reuters) – A former SAC Capital Advisors trader, set to go on trial next month on insider trading charges, wants to cite in court some 2012 testimony given by the hedge fund’s founder Steven Cohen, claiming it rebuts the government’s case.
