Brazil judge accepts bankruptcy protection for Batista’s OSX
RIO DE JANEIRO (Reuters) – A judge in Rio de Janeiro on Monday accepted a bankruptcy-protection request made earlier this month by OSX Brasil SA , the shipbuilder controlled by Brazilian tycoon Eike Batista, giving OSX 180 days to prepare a restructuri…
Analysis: What taper? Low rates for longer is key Fed theme for 2014
NEW YORK (Reuters) – Debate over when the Federal Reserve could trim its bond purchases monopolized market talk this year, but as a new Fed chief takes charge, more participants believe the key theme to emphasize for 2014 is low rates for longer.
Jaguar Land Rover plans $437 million Brazil factory: government
RIO DE JANEIRO (Reuters) – British luxury car builder Jaguar Land Rover is about to invest about 1 billion reais ($436.9 million) on a new manufacturing plant in Brazil’s Rio de Janeiro state, three government sources told Reuters on Monday.
Analysis: VW in delicate dance with German union over Tennessee plant
DETROIT (Reuters) – Volkswagen AG officials in Germany and the United States are performing a delicate dance with VW’s influential German union as they wrestle with the possible representation of workers at the company’s plant in Tennessee.
Qualcomm faces antitrust probe in China
(Reuters) – Qualcomm Inc said on Monday it faces an antitrust probe in China, sending its shares lower as investors worried the investigation could hurt the chipmaker’s business in the fast-growing smartphone market.
Pending home sales hit 10-month low, services sector rebounds
WASHINGTON (Reuters) – Contracts to buy previously owned U.S. homes hit a 10-month low in October, but a strong rebound in services sector activity early this month suggested some resilience in the economy as the year winds down.
AMR seeks court approval for settlement paving way to US Airways merger
NEW YORK (Reuters) – The parent company of American Airlines on Monday asked a bankruptcy court to approve a settlement with U.S. regulators that would allow it to merge with rival US Airways Group and create the world’s largest airline.
RBS brings in lawyers to review treatment of ailing small firms
LONDON (Reuters) – Royal Bank of Scotland has appointed law firm Clifford Chance to conduct an inquiry into the treatment received by small business customers in financial distress, responding to suggestions it closed down viable businesses too quickly…
Private equity-backed groups vie for IMG as KKR exits: sources
NEW YORK (Reuters) – The buyout firms bidding for talent agency IMG Worldwide Inc have all secured partnerships with other companies in the sector after KKR & Co LP exited an auction seen fetching more than $2 billion, according to people familiar with the matter.
Peugeot names former Renault No.2 as next CEO
PARIS (Reuters) – PSA Peugeot Citroen named former Renault No.2 Carlos Tavares as its next chief executive on Monday, in a move that may help to secure new funding from Chinese partner Dongfeng.
