Exclusive: Chemtrade in talks for $1 billion General Chemical deal – sources
(Reuters) – Canada’s Chemtrade Logistics Inc is in advanced talks to buy General Chemical Corp, two people familiar with the matter said on Wednesday, in a deal that could value the specialty chemicals maker at around $1 billion.
Senators urge end to U.S. corporate stock-option tax break
WASHINGTON (Reuters) – Two senior U.S. senators on Wednesday called for an end to a stock option-related tax break that lets companies avoid paying billions of dollars in taxes.
Ex-CEO of collapsed Virginia bank gets 23 years for fraud
(Reuters) – A former chief executive of Bank of the Commonwealth was sentenced on Wednesday to 23 years in prison and ordered to pay $333.6 million in restitution for running what federal prosecutors called a massive fraud that led to the failed Virgin…
T. Rowe, Morgan Stanley funds sitting on whopper Twitter gains
BOSTON (Reuters) – Mutual funds run by T. Rowe Price Group Inc and Morgan Stanley are poised to send one sweet tweet.
Green Mountain to buy more coffee despite fungal attack
SALINITAS, El Salvador (Reuters) – Green Mountain Coffee Roasters Inc, the world’s biggest fair-trade coffee buyer, expects to purchase about a fifth more coffee during the new fiscal year, up from 180 million pounds last year, said a top company buyer…
Dow, S&P 500 end higher on Microsoft, Europe data
NEW YORK (Reuters) – The Dow industrials closed at a record high on Wednesday, led by gains in Microsoft Corp and encouraging European economic data, while the S&P 500 also rose but closed shy of its own record.
Senators seek to kill tax break for corporate settlement costs
WASHINGTON (Reuters) – Banks and corporations would no longer be able to claim tax deductions for certain payments made under legal settlements with the U.S. government involving alleged business misconduct, under bipartisan legislation offered on Wedn…
Analysis: Park’s promise of second South Korea miracle risks ringing hollow
SEOUL (Reuters) – South Korean President Park Geun-hye took office in February pledging a “Second Miracle on the Han River”, a reference to her father’s rapid 1970s industrialization, but nine months into office little has materialized.
GM’s new customer-service guru faces big task
DETROIT (Reuters) – Consumers who call to complain about their General Motors Co car or truck should not be surprised if they end up bending the ear of the fast-rising executive in charge of putting a friendlier face on the U.S. automaker.
U.S. regulator prepares crackdown on debt collectors
WASHINGTON (Reuters) – Debt collectors using text messages and social media to pursue delinquent borrowers could come under new scrutiny as the U.S. consumer financial watchdog considers new rules as part of a crackdown on the collection industry.
