Jury selection begins in SAC Capital’s Steinberg criminal trial
NEW YORK (Reuters) – Jury selection got under way Tuesday in the criminal trial of Michael Steinberg, a portfolio manager at Steven A. Cohen’s SAC Capital Advisors hedge fund accused of insider trading.
Exclusive: Barclays weighs index unit sale after MSCI approach – sources
NEW YORK (Reuters) – Barclays Plc is exploring options for its index business after equity index provider MSCI Inc approached the British bank recently about buying the unit, according to several people familiar with the situation.
ThyssenKrupp pays Deutsche Bahn damages over cartel: paper
FRANKFURT (Reuters) – German steelmaker ThyssenKrupp will pay state railway Deutsche Bahn more than 150 million euros ($202.88 million) in damages for its role in a cartel, newspaper Sueddeutsche Zeitung reported, citing unnamed sources.
U.S. launches investigation into Tesla Model S fires
DETROIT (Reuters) – U.S. auto safety regulators have launched an investigation into electric sports car maker Tesla Motors Inc’s luxury Model S sedan after three car fires in six weeks, and Tesla announced it is raising the vehicle’s ground clearance.
Ford to reveal all-new 2015 Mustang on December 5
DETROIT (Reuters) – Ford Motor Co will unveil its next-generation 2015 Mustang, the first complete overhaul of the iconic pony car since 2005, on December 5, the second-largest U.S. automaker said on Tuesday.
Maker of V-22 Osprey encouraged by foreign interest
DUBAI (Reuters) – The head of Bell Helicopter said on Tuesday he was encouraged by foreign interest in the V-22 tilt-rotor aircraft that his company builds with Boeing Co , but Bell may face additional layoffs if not enough orders emerge.
Nokia shareholders approve sale of mobile business to Microsoft
HELSINKI (Reuters) – Nokia shareholders approved the 5.4 billion euros ($7.4 billion) sale of the company’s mobile phone business to Microsoft, deciding the deal’s financial benefits outweighed any objections to the loss of a Finnish national asset.
Mexico’s Slim not looking at Repsol stake: spokesman
MEXICO CITY (Reuters) – Mexican billionaire Carlos Slim is not looking to purchase a 10 percent stake in Spanish oil company Repsol, a spokesman said on Tuesday, disputing a report in a Spanish newspaper.
50 A380s? We could have bought 10 more, says Emirates
DUBAI (Reuters) – Emirates’ whopping order for 50 of the world’s biggest jets should end doubts about the project that had even crept into manufacturer Airbus, the airline’s chief told Reuters, adding it was so sure of filling the planes it might have …
Sysco unit settles charges it overbilled U.S. military for produce
WASHINGTON (Reuters) – A subsidiary of Sysco Corp will pay $4.2 million to settle allegations brought by a whistleblower that it overcharged the U.S. military for fresh fruit and vegetables over a two-year period, the Justice Department said on Tuesday…
