Tepco sees steady recurring profit over 10-year period: source
TOKYO (Reuters) – Tokyo Electric Power Co , operator of the wrecked Fukushima nuclear plant, expects to make recurring profit of between $1.5 billion and $2 billion annually for a 10-year period, assuming it can restart its biggest nuclear plant, accor…
Exclusive – JPMorgan tried but failed to satisfy Fed on metals warehousing: letters
LONDON/NEW YORK (Reuters) – The U.S. Federal Reserve was pressing JPMorgan Chase & Co to distance itself from its metals warehousing business more than a year ago, documents seen by Reuters show, long before the issue became a focal point in the debate over Wall Street’s role in physical commodities trading.
Hewlett-Packard, CEO Whitman ordered to defend securities class action
(Reuters) – A California federal judge has ordered Hewlett-Packard Co and Chief Executive Meg Whitman to defend a securities shareholder class action that claims they knew statements about HP’s acquisition of software company Autonomy were misleading.
Auto sector adds spark to Japan’s electronic components industry
TOKYO/OSAKA (Reuters) – Japanese electronic component makers are looking beyond a fickle smartphone market that once lured them with rocketing growth, tying their fortunes more closely to the most resilient of Japan’s big industries: automobiles.
New York Times CEO says Chinese language site under review
NEW YORK (Reuters) – New York Times Co Chief Executive Officer Mark Thompson said the publisher is going to keep all its money losing operations under review – including those in China – as he seeks to negotiate the newspaper’s increasing shift towards…
British engineer Amec eyeing Foster Wheeler takeover: report
(Reuters) – British engineer Amec is eyeing a takeover of U.S.-listed engineering company Foster Wheeler AG in a potential deal that could create a 5 billion pound ($8 billion) energy services group, The Times reported on Wednesday, citing sources.
Britain’s bankers to face annual checks under draft laws
LONDON (Reuters) – Britain’s senior bankers will face an annual competency check under new laws being drawn up in parliament to reform the British banking sector and protect it against future crises.
South Korea order would drive F-35 per-plane cost lower
WASHINGTON (Reuters) – South Korea’s plan to buy 40 Lockheed Martin Corp F-35 fighter jets will save the U.S. military about $2 billion by driving down the per-plane price of the new plane, and could create up to 10,000 U.S. jobs, according to sources …
Exclusive: Teck, Newmont, Blackstone in joint Las Bambas bid – sources
NEW YORK/TORONTO (Reuters) – Teck Resources Ltd , Newmont Mining Corp , private equity firm Blackstone Group LP and a firm led by the former head of Barrick Gold are working together on a bid for Glencore Xstrata’s Las Bambas copper mine in Peru, accor…
Airbus aims to overtake Boeing fleet in Latin America next year
SAO PAULO (Reuters) – Airbus aims to have more airliners operating in Latin America than its U.S. rival Boeing for the first time next year, the European company’s top executive in the region said on Tuesday.
