Cooper Tire in tentative deal with workers over merger
(Reuters) – Cooper Tire & Rubber Co said it reached a tentative agreement with workers represented by United Steelworkers union as part of its push to close its planned $2.5 billion sale to India’s Apollo Tyres Ltd .
Wall St. ends higher after factory data; Dow, S&P up for week
NEW YORK (Reuters) – U.S. stocks rose on Friday after surprisingly strong manufacturing data overshadowed expectations that the Federal Reserve might reduce stimulus earlier than expected.
Morgan Stanley sues former adviser, claims he falsified records
NEW YORK (Reuters) – Morgan Stanley’s wealth management division sued former financial adviser Denis O’Brien on Thursday, claiming that he falsified 206 client telephone numbers just before leaving the firm.
Some Wall Street brokerages push up Twitter IPO targets
SAN FRANCISCO (Reuters) – Morningstar on Friday joined three other brokerages in setting price targets for Twitter Inc well above its IPO price range, suggesting the stock has room to rise at least 30 percent.
Exclusive: Zurich CFO suicide review uncovers no impropriety – sources
ZURICH (Reuters) – Zurich Insurance is expected to tell investors its finance chief Pierre Wauthier was not subjected to undue strain in the run-up to his suicide and there was no evidence of impropriety in the company’s finances, two people familiar w…
U.S. factory growth hits fastest pace in 2-1/2 years
NEW YORK (Reuters) – The U.S. manufacturing sector expanded at its fastest pace in more than two years in October, according to an industry report, signaling a strong start to fourth-quarter factory activity despite a government shutdown during the fir…
Fed officials eye inflation, jobs in dueling QE arguments
Top Federal Reserve officials on Friday gave only modest hints as to when a massive bond-buying program would be drawn down, with one saying they needed to wait for signs of rising inflation and two others reinforcing an argument the Fed has waited too…
Exclusive: Road-paint supplier Ennis-Flint steered toward sale
NEW YORK, Nov 1 (Buyouts Magazine) – Ennis-Flint, a supplier of road paint used to make double-yellow stripes along the middle of roads, has recently been on the block in a deal that could exceed $575 million in enterprise value, according to two sourc…
Exclusive: Road-paint supplier Ennis-Flint steered toward sale
NEW YORK, Nov 1 (Buyouts Magazine) – Ennis-Flint, a supplier of road paint used to make double-yellow stripes along the middle of roads, has recently been on the block in a deal that could exceed $575 million in enterprise value, according to two sourc…
Analysis: New borrowing tool could make U.S. debt debates less harrowing
WASHINGTON (Reuters) – When a political impasse last month pushed America to the brink of default, the Obama administration noted with apprehension that it had to borrow vast sums every Thursday.
