SEC charges ex-Marvell worker in Galleon insider-trade scheme
WASHINGTON (Reuters) – A former Marvell Technology Group Ltd employee will pay $60,000 to settle civil charges that he offered non-public tips to a hedge fund manager with ties to Galleon Group, U.S. regulators said Thursday.
Gulf buyers eye future purchases of Lockheed’s F-35 jet
DUBAI (Reuters) – Gulf buyers are nearing decisions to buy more current generation fighter jets, but the buzz at the Dubai Airshow was about Lockheed Martin Corp’s radar-evading F-35 fighter – a plane not yet operational and not even on display there.
Gulf takes aviation by storm with $200 billion of orders
DUBAI (Reuters) – Planemakers left Dubai with a record $200 billion in deals after a desert rainstorm forced organizers to cancel the last day of its air show – an event that demonstrated their growing reliance on the Gulf to secure support for big jet…
Labor market firming, but inflation still benign
WASHINGTON (Reuters) – The number of Americans filing new claims for jobless benefits fell sharply last week and a gauge of factory activity hit an eight-month high in early November, hinting at some strength in the economy.
Europe bank payouts capped as capital bar keeps rising
LONDON (Reuters) – Shareholders’ expectations for bank dividends have declined after lenders ramped up capital levels in the third quarter, spooked by a mega fine against JP Morgan and spiraling regulatory demands.
Vivendi has ‘significant’ means to reward shareholders: CFO
BARCELONA (Reuters) – Vivendi will have “significant” means to reward shareholders with buy-backs or dividends after it receives the proceeds from selling its stakes in video games publisher Activision Blizzard and Maroc Telecom, its finance chief said…
Ford pours $150 million in Buffalo stamping plant, adds 350 jobs
DETROIT (Reuters) – Ford Motor Co said on Thursday that it will spend $150 million to upgrade and expand its Buffalo, New York, stamping plant, which makes doors, hoods and other parts for several models including the Edge crossover and Focus compact c…
U.S. says China’s exemption demands jeopardize WTO technology deal
GENEVA (Reuters) – The United States accused China on Thursday of jeopardizing talks on eliminating trade tariffs on billions of dollars of technology products due to its determination to claim dozens of exemptions.
Germany’s EADS workers to stage walkout on November 28
FRANKFURT/MUNICH (Reuters) – Members of Germany’s powerful IG Metall labor union will walk off the job at EADS sites next week to protest against a sweeping restructuring at the European aeronautics group that they fear will lead to thousands of job cu…
Gulf buyers eye future purchases of Lockheed’s F-35 jet
DUBAI (Reuters) – Gulf buyers are nearing decisions to buy more current generation fighter jets, but the buzz at the Dubai Airshow was about Lockheed Martin Corp’s radar-evading F-35 fighter – a plane not yet operational and not even on display there.
