ThyssenKrupp to sell U.S. plant for $1.97 billion: report
FRANKFURT (Reuters) – ThyssenKrupp will sell its U.S. steel plant to a consortium of ArcelorMittal and Nippon Steel & Sumitomo Metal in a deal worth 200 billion yen ($1.97 billion), Japan’s Nikkei newspaper reported in its online edition on Tuesday, without citing sources.
Barnes & Noble revenue falls further as Nook sinks
(Reuters) – Barnes & Noble Inc , the largest U.S. bookstore chain, reported an 8 percent drop in quarterly revenue as sales fell across all its businesses, including its stores and Nook e-readers and e-books.
Bank of Ireland says may sell stock to help redeem preference shares
DUBLIN (Reuters) – Bank of Ireland (BoI) said it may sell new shares to help repay 1.8 billion euros ($2.4 billion) of state-owned preference shares the bank had to issue as part of its 2009 bailout.
Analysis: U.S. exchanges grapple for solutions to trading glitches
NEW YORK (Reuters) – U.S. security exchanges are feverishly working in the wake of August’s Nasdaq trading halt to reinforce a market that too frequently seems to succumb to technology glitches, but these efforts are unlikely to rectify all the weak sp…
JPMorgan, mortgages drag down third-quarter U.S. bank profits
WASHINGTON (Reuters) – Huge legal costs at JPMorgan Chase & Co and slowing demand for mortgages as interest rates rose caused the first decline in bank profits since 2009, a third-quarter regulatory update said on Tuesday.
Boardroom coup shakes UK shale player Dart Energy
LONDON (Reuters) – Shareholders in UK shale developer Dart Energy backed a boardoom coup this week, voting out the chairman and his allies despite his warning that the move was an attempt to acquire the company on the cheap.
Icahn board memberships led to outsized returns over five years
NEW YORK (Reuters) – Investors who closely followed the actions of activist shareholder Carl Icahn in 20 companies over a five-year period would have reaped an annualized return of 28 percent, a study by his investment firm showed Tuesday.
Hellman & Friedman to buy Applied Systems for $1.8 billion
(Reuters) – Private equity firm Hellman & Friedman LLC (H&F) has struck a deal to buy insurance software provider Applied Systems from Bain Capital LLC for $1.8 billion, H&F said on Tuesday.
Pope attacks ‘tyranny’ of markets in manifesto for papacy
VATICAN CITY (Reuters) – Pope Francis attacked unfettered capitalism as “a new tyranny” and beseeched global leaders to fight poverty and growing inequality, in a document on Tuesday setting out a platform for his papacy and calling for a renewal of th…
Carlyle to buy funds-of-hedge-funds manager
(Reuters) – Carlyle Group LP said on Tuesday it would acquire Diversified Global Asset Management Corporation (DGAM), becoming the latest alternative asset manager to add a manager of funds that in turn invest in other hedge funds to its investment pla…
