Fed approves capital plans of Goldman and JPMorgan
WASHINGTON (Reuters) – The Federal Reserve on Monday said it approved new capital plans by Goldman Sachs and JPMorgan Chase, after initially ordering the banks to fix flaws in their capital planning processes.
Blackstone-controlled Hilton plans biggest hotel IPO
(Reuters) – Hilton Worldwide Inc said its initial public offering would raise up to $2.37 billion in the biggest-ever hotel IPO, more than doubling Blackstone Group LP’s investment.
U.S. Supreme Court declines to hear online retailers tax case
WASHINGTON (Reuters) – Amazon.com Inc and other online retailers with no physical presence in New York State must go on collecting sales tax after the U.S. Supreme Court on Monday declined to hear a legal challenge to the law that requires it.
3D printer boom lures new wave of Japan entrepreneurs
TOKYO (Reuters) – Junichiro Asami gave up a stable job to join a group of Japanese entrepreneurs building businesses based on 3D printing, showing the sort of pioneering spirit Prime Minister Shinzo Abe hopes can revitalize a calcified economy.
Barrick set to unveil board changes, name new COO: sources
TORONTO/BEIJING (Reuters) – Barrick Gold Corp , the world’s largest gold producer, is poised to announce a board shuffle and name a new chief operating officer, according to several sources familiar with the situation.
Chamber of Commerce seeks changes to financial risk council
WASHINGTON (Reuters) – The U.S. Chamber of Commerce on Monday called for changes to the U.S. financial risk council that could slow the process by which it designates large financial firms as “systemic,” subjecting them to tougher supervision.
Dow Chemical to exit century-old chlorine business
(Reuters) – Dow Chemical Co said it would sell a bulk of its chlorine operations – its oldest business – as part of its plan to sell or spin off commodity chemicals assets worth up to $4 billion.
U.S. approves Microsoft purchase of Nokia’s mobile business
WASHINGTON (Reuters) – U.S. antitrust regulators have approved Microsoft Corp’s deal to buy Nokia Corp’s mobile phone business, the Federal Trade Commission said on Monday.
Thyssen asks for cash after costly foray into Americas
FRANKFURT (Reuters) – ThyssenKrupp announced plans late on Monday to sell 51.5 million new shares in a capital increase as it seeks to shore up funds depleted by a downturn in the global steel market and an ill-advised foray into the Americas.
Vale tax deal to cost 1 percent of annual revenue for 15 years
SAO PAULO (Reuters) – Vale SA’s tax settlement with the Brazilian government will cost the world’s No. 1 iron ore producer the equivalent of 1 percent of annual revenue for the next 15 years, executives said on a conference call on Monday.
