Raytheon CEO sees $4 billion-$5 billion in Mideast orders in ‘weeks’
WASHINGTON (Reuters) – Raytheon Co is hoping to finalize orders valued at $4 billion to $5 billion from countries in the Middle East in a matter of weeks, Chief Executive William Swanson told an investor conference on Tuesday.
Abercrombie shareholder wants CEO replaced or company sold
(Reuters) – An Abercrombie & Fitch Co shareholder urged the teen apparel retailer to replace Chief Executive Mike Jeffries after his contract expires in February, failing which the company should consider selling itself.
UnitedHealth says health reform to cost up to $1 per share in 2014
(Reuters) – UnitedHealth Group Inc said on Tuesday that it expects U.S. healthcare reform to have a net drag on earnings of 90 cents to $1 per share in 2014 due to changes in the individual and Medicare businesses as well as new taxes and fees.
Adidas says soccer, running will help it hit 2015 targets
FRANKFURT (Reuters) – German sporting goods maker Adidas is counting on soccer, running and a host of new shirts and shoes to help it achieve profit and sales growth in 2014 and hit its 2015 goals, the company said on Tuesday.
FINRA bars two ex-JP Morgan brokers for theft from elderly widow
(Reuters) – Two former brokers for a JP Morgan Chase & Co unit have been barred from the securities industry after they allegedly stole$300,000 from an elderly client’s account and exploited her failing mental capacity to carry out the scheme, Wall Street’s industry-funded watchdog said on Tuesday.
China challenges U.S. anti-dumping measures at WTO
GENEVA (Reuters) – China launched a trade dispute against the United States on Tuesday to challenge Washington’s accusations that China has dumped cheap exports on the U.S. market, the World Trade Organization said in a statement.
Munk’s well-connected successor looks to fix Barrick
(Reuters) – Soon after he joined Barrick Gold Corp’s board last year, John Thornton, the designated successor to founder and chairman Peter Munk, took a company team to visit Ford Motor Co and learn about the automaker’s turnaround story.
Global economies increasingly at risk: Pimco’s Gross
NEW YORK (Reuters) – Bill Gross, co-founder and co-chief investment officer of bond giant Pimco, said Tuesday that easy-money policies worldwide have put global economies increasingly at risk.
Container firms order new ships to gain economies of scale
COPENHAGEN (Reuters) – Global container shipping companies have a strong appetite for new vessels, despite existing overcapacity, because they want to trade up to larger ships to benefit from economies of scale, according to shipping analysts.
JPMorgan received $11 million fees for advising Co-op on Britannia
LONDON (Reuters) – JP Morgan received 7 million pounds ($11 million) in fees for advising the Co-operative Bank on its takeover of the Britannia Building Society, one of its top executives told lawmakers on Tuesday.
