Third Point’s Loeb owns FedEx stock, bullish on Japan: CNBC
NEW YORK (Reuters) – Activist investor Dan Loeb, founder of hedge fund Third Point LLC, said Tuesday that his investment firm owns shares of FedEx Corp and remains bullish on Japan.
Mitsubishi proposes to build 777X wings in Japan: source
TOKYO (Reuters) – Japan’s Mitsubishi Heavy has suggested a cost-saving way to build the wings of Boeing Co’s newest jet that could offer the planemaker a “Plan B” should its own workers reject a labor deal, a person with knowledge of the proposal said….
Vodafone to ramp up investment as trading suffers
LONDON (Reuters) – Britain’s Vodafone will spend 7 billion pounds – more than expected and earlier than expected – to increase the speed and coverage of its networks and reverse a record fall in revenues resulting from its struggling European business….
Some Georgia farmers fume over new Vidalia onion shipping rules
ATLANTA (Reuters) – Georgia’s famed Vidalia onions are sweet and so are the sales, with the brand that retails nationwide generating $150 million annually.
RBS must tackle capital issues before share sale: UKFI
LONDON (Reuters) – Part-nationalized Royal Bank of Scotland must address issues over its capital and future strategy before the government can start selling its shares, the new head of the agency managing Britain’s bank stakes told lawmakers.
EU seeks to increase influence on global accounting rules
LONDON (Reuters) – The European Union is seeking to increase its influence over global accounting standards by beefing up the agency that scrutinizes new rules and in certain cases tweaking how they are applied in the bloc.
China vows ‘decisive’ role for markets, results by 2020
BEIJING (Reuters) – China’s leaders pledged to let markets play a “decisive” role in the economy as they unveiled a reform agenda for the next decade on Tuesday, looking to secure new drivers of future growth.
EU banks outside euro zone likely to overcome stress test divide
LONDON (Reuters) – EU nations that lie outside the euro zone plan largely to fall in behind the European Central Bank when they check the health of their banks, helping them to avoid a “two tier” outcome in stress tests next year.
U.S. exchanges OK general plan to address Nasdaq trading halt
NEW YORK (Reuters) – U.S. stock and option exchanges said on Tuesday they have reached a general agreement on how to strengthen securities markets in response to the trading halt in Nasdaq stocks in August, and preliminary timetables to implement those…
D.R. Horton home sales rise in October as mortgage rates ease
(Reuters) – D.R. Horton Inc said home sales picked up in October as mortgage rates eased from two-year highs and the effects of policy paralysis in Washington faded.
