Steinberg loses bid to delay trial over SAC guilty plea
NEW YORK (Reuters) – Michael Steinberg, the most senior employee of Steven A. Cohen’s SAC Capital Advisors to be indicted for insider trading, has lost a bid to delay his trial, which is set to begin on Monday.
Abenomics at one year: growth to slow as challenges mount
TOKYO (Reuters) – A year after Prime Minister Shinzo Abe took financial markets by storm with promises to end two decades of deflation and tepid growth, the economy is expected to slow sharply, highlighting the challenges facing “Abenomics” in ensuring…
Chinese state media kick into high gear to ease GMO food fears
BEIJING (Reuters) – China’s state media are working overtime to persuade the public that genetically modified food is safe, apparently softening up the population for a policy switch to allow the sale of such food to ensure its 1.35 billion people have…
Apple, Samsung retrial kicks off over patent damages
SAN JOSE, California (Reuters) – Apple squared off against Samsung Electronics at a damages retrial on Wednesday, as the iPhone maker once again tries to secure a legal victory against its biggest mobile rival.
Alitalia’s board approves revised business plan, cap hike delay
ROME (Reuters) – The board of Italian airline Alitalia has approved a revised industrial plan, meant to help make the cash-strapped carrier more profitable, Deputy Chairman Salvatore Mancuso said on Wednesday.
Ecuador high court upholds Chevron verdict, halves fine
QUITO (Reuters) – Ecuador’s highest court upheld a verdict that U.S. oil company Chevron Corp is responsible for pollution in an Amazon rainforest, but halved the fine imposed in a previous trial to $9.5 billion, a decision the company dismissed as ill…
Bank union to free 7 billion euros of capital for UniCredit from HVB: FT
MILAN (Reuters) – UniCredit , Italy’s biggest lender by assets, expects Europe’s banking union to free up 7 billion euros ($9.4 billion) of capital from its German subsidiary HVB as capital requirements are equalized across the euro zone, the Financial…
Air Berlin seeks ways to get close to 2013 consensus
FRANKFURT (Reuters) – Air Berlin , Germany’s second biggest airline, said on Wednesday it was looking for additional sources of income in a bid to get close to current market expectations for full-year profit in 2013.
Boeing machinists cast historic vote on labor contract
SEATTLE (Reuters) – Boeing Co workers began voting Wednesday on a landmark labor contract, a historic decision that could forever alter the course of Boeing’s presence in Washington state.
$100 billion Boeing order bonanza to dominate Dubai show
DUBAI/PARIS (Reuters) – Boeing looks set to dominate next week’s Dubai Airshow with more than $100 billion of deals as it aims to launch its latest long-haul jet with up to 250 potential orders from as many as five airlines, industry sources said.
