Consumer plaintiffs oppose AMR-USAir antitrust settlement
NEW YORK (Reuters) – A group of consumers who have sued American Airlines’ bankrupt parent over its proposed merger with US Airways Group are now objecting to a settlement that would allow that merger to go forward.
AIMCo’s head says BlackBerry proposals lacked a turnaround plan
CALGARY, Alberta (Reuters) – The head of one of Canada’s top pension funds confirmed on Thursday his firm was involved in talks over a potential buyout of BlackBerry Ltd but said he never saw a business plan he was confident would turn around the once-…
Analysis: Markets finally absorb Fed’s two-track message
SAN FRANCISCO (Reuters) – After months of misfires, the U.S. Federal Reserve’s message is finally getting through to Wall Street: to taper is not to tighten.
Tesla’s top sales executive departs
DETROIT (Reuters) – George Blankenship, the lead architect of Tesla Motors Inc’s sales strategy and distribution network for more than three years, left the electric car maker last month, according to his LinkedIn page.
Gulf carriers eye prize as Australia airlines duke it out
SYDNEY (Reuters) – The bad-tempered battle between Virgin Australia Holdings Ltd and Qantas Airways Ltd over Australia’s skies is a proxy for increasingly tough regional competition among carriers including ambitious Gulf airlines Etihad and Emirates.
Analysis: China investors face bumpy ride as reform speculation intensifies
SHANGHAI (Reuters) – Rapid swings in Chinese financial markets in response to ambitious reform plans herald a white-knuckle year for investors, as speculation on the direction and tempo of policy pours gas on an already volatile market.
Barclays names new heads of Americas industrial group: memo
NEW YORK (Reuters) – Barclays Plc has named Josh Connor and John Welsh as co-heads of its Americas industrial group, according to an internal memo to staff on Thursday.
As Omnicom and Publicis merge, rivals prepare to snare clients
BARCELONA (Reuters) – Three major rivals to advertising groups Omnicom and Publicis , which are merging, say they are poaching work from the pair by luring clients who are unsettled by the $35.1 billion deal.
Magellan sees heavy demand for U.S. Gulf condensate splitters
HOUSTON (Reuters) – The U.S. Gulf Coast may need six to eight facilities to turn condensate – a very light form of crude oil – into exportable products and handle a glut of output from the Eagle Ford field in Texas, Magellan Midstream Partners LP Chief…
Profits spike, risks multiply in Asia’s derivatives return
HONG KONG (Reuters) – Investment banks in Asia are taking advantage of a regulatory grey area to reap big returns from rising sales of equity derivatives, increasing the systematic risks to the financial system that regulators are trying to eradicate.
