Monte Paschi top investor committed to bank relaunch, where possible
MILAN (Reuters) – The main shareholder of Italy’s No. 3 lender Banca Monte dei Paschi di Siena said on Wednesday it remained committed to supporting the relaunch of the bank “where possible”.
Bitcoin price zooms through $1,000 as enthusiasm grows
NEW YORK (Reuters) – The price of the digital currency bitcoin soared above $1,000 for the first time on Wednesday, extending a 400 percent surge in less than a month that some see as a growing bubble in an asset that is still a mystery to many.
Incoming Time Warner Cable CEO could exit with $50 million-plus after deal
(Reuters) – Time Warner Cable Inc, being circled by potential buyers, could pay out more than $50 million to incoming Chief Executive Robert Marcus as part of his contract, if the company is bought while he is CEO and he gets replaced.
Dubai’s World Expo win may fuel boom, risk bust
DUBAI (Reuters) – Dubai’s success in bidding to host the 2020 World Expo will trigger billions of dollars of investment in the emirate, but it may risk a repeat of the boom-and-bust cycle which nearly caused financial collapse just a few years ago.
Peugeot chief renounces $29 million pension deal after outcry
PARIS (Reuters) – The outgoing chief executive of French carmaker PSA Peugeot Citroen said he would forego his pension package after an outcry from government ministers and labor unions.
CVS to buy specialty drug infusion business for $2.1 billion
(Reuters) – CVS Caremark Corp will buy drug infusion services provider Coram LLC for $2.1 billion, allowing the company to bolster its pharmacy benefits management business by offering cost-effective delivery of specialty drugs.
Boeing icing problems may lead to forced landings: FAA
SEATTLE (Reuters) – Icing problems that have occurred on Boeing Co 787 Dreamliner and 747-8 aircraft using engines made by General Electric Co could lead to forced landings, the U.S. aviation regulator said on Wednesday.
RBS boss: no ‘systematic’ profiting from troubled firms
LONDON (Reuters) – Royal Bank of Scotland’s boss said he did not believe the UK state-backed bank had conducted a “systematic” effort to profit from its troubled business customers.
ECB supervisor promises to come clean on banks’ health
BRUSSELS (Reuters) – The euro zone’s future bank supervisor on Wednesday promised a warts-and-all probe into the bloc’s still fragile financial system, conceding that she and other supervisors had made mistakes in the past.
U.S. jobs picture improving, manufacturing may be slowing
WASHINGTON (Reuters) – The number of Americans filing new claims for unemployment aid unexpectedly fell last week, but continued weakness in business spending on capital goods suggested slower economic growth in the fourth quarter.
