Exclusive: Carlyle readies $3 billion sale of chemical company PQ – sources
NEW YORK (Reuters) – Carlyle Group LP is preparing an initial public offering or a sale of PQ Corp that could value the specialty chemical company at up to $3 billion, including debt, people familiar with the matter said on Friday.
U.S. court upholds trial plan over defunct Nortel’s $7.5 billion cash
(Reuters) – The fight over defunct Nortel Networks’ $7.5 billion in cash will be decided in joint U.S.-Canadian court hearings and not in arbitration, a U.S. appeals court ruled on Friday.
OCC’s Curry says wants to revisit bank pay rules in 2014
WASHINGTON (Reuters) – Comptroller of the Currency Thomas Curry said on Friday he hopes that early next year regulators will revisit proposed rules barring banks from using pay structures that encourage employees to take big risks.
Consumer credit grows more than expected in October
WASHINGTON (Reuters) – U.S. consumer credit rose in October at its fastest pace in five months, a positive sign for consumer spending in the fourth quarter.
Analysis: GM moves to boost profit in Asia, Europe long overdue
DETROIT (Reuters) – General Motors Co’s decision to pull the plug on Chevrolet in Europe is one of several calculated moves the U.S. automaker appears to be making around the world that analysts and investors say are long overdue if the automaker wants…
Struggling Sears to spin off Lands’ End clothing business
(Reuters) – Eddie Lampert-controlled Sears Holdings Corp said it would spin off its Lands’ End clothing business, adding to the assets the company is shedding as it struggles with mounting operating losses and declining sales.
Cap QE and give it an expiry date: Fed’s Plosser
PHILADELPHIA (Reuters) – The U.S. Federal Reserve should put a dollar cap and end date on its bond-buying program, a top central banker said on Friday, adding “the sooner we end (the program) the better.”
Swiss bank CEO investigated in tax case told to stay in France
ZURICH (Reuters) – French authorities have told the head of Swiss private bank Reyl & Cie not to leave France after widening an investigation into possible tax evasion, the bank said on Friday.
Top Monte Paschi investor says to vote for cash call delay
MILAN/ROME (Reuters) – The top investor in troubled Italian bank Monte dei Paschi di Siena said it would only support the lender’s planned January share issue if it is postponed to the second quarter of next year, throwing the operation into doubt.
Insight: Tech start-ups show little imagination on board gender diversity
SAN FRANCISCO (Reuters) – At Pinterest, the four-year-old online bulletin board service that is valued near $3.8 billion, some 70 percent of the users are female. But the company’s board of directors is 100 percent male.
