Bank of America intern died of natural causes: inquest
LONDON (Reuters) – A 21-year-old Bank of America Merrill Lynch intern, whose death prompted the bank to review the working conditions for junior employees, died of natural causes, an inquest heard on Friday.
Novartis sweetens investors with $5 billion share buyback
ZURICH (Reuters) – Swiss drugmaker Novartis AG has offered investors a $5 billion sweetener through a share buyback program, signaling a sharper focus on shareholder rewards as it moves away from the big takeovers of the past.
Analysis: Counting the cost of currency risk in emerging bond markets
LONDON (Reuters) – Once a source of rich returns for yield-hungry investors, emerging markets are hammering home a long-ignored truism: banking on currency strength to enhance returns on stocks and bonds is not a one-way ticket to profits.
Car market upturn brings Ford Europe profit into view
PARIS (Reuters) – Ford’s European turnaround is gaining traction as the auto market stabilizes, though there is work to do controlling costs and launching new models before a promised return to profit, the U.S. carmaker’s regional chief said on Friday….
Stocks firm as Fed-fired volatility cools; dollar firm
LONDON (Reuters) – World shares were set to end a volatile week firmer on Friday and the dollar hovered near a 4-month high against the yen as worry dissipated about an early Fed move to start winding down its stimulus policy.
ECB’s Praet warns of deflationary pressures in euro zone
PARIS/FRANKFURT (Reuters) – The European Central Bank’s chief economist said on Friday the euro zone faces deflationary pressures, and the bank’s president stressed that interest rates must remain low “because the economy is weak”.
Caterpillar probed for dumping train parts into sea: WSJ
(Reuters) – A unit of Caterpillar Inc is being probed by federal investigators to determine if it had dumped train parts into the ocean off California as part of a scam to charge customers for parts they didn’t need, the Wall Street Journal reported.
Chinese Nokia workers pledge to continue strike
GUANGZHOU, China (Reuters) – Striking workers at a Nokia factory in southern China on Friday threatened to extend industrial action after the company terminated the contracts of 59 employees for failing to return to work.
WTO chief hopeful of global trade reform deal within days
GENEVA (Reuters) – The World Trade Organization may agree its first worldwide trade reform package before the end of the weekend, its director-general, Roberto Azevedo, said on Friday.
Drone maker General Atomics may face layoffs: executive
DUBAI (Reuters) – Privately-held drone maker General Atomics Aeronautical Systems Inc may have to lay off about one quarter of its production staff if it does not receive further U.S. or foreign orders, a senior company executive said this week.
