Mizuho CEO set to survive mob scandal, resume reform push
TOKYO (Reuters) – The head of Mizuho Financial Group looks set to survive the revelation of bank loans to mobsters, a move that could revive his recently flagging efforts to improve corporate governance at Japan’s second-largest bank by assets.
Disney to enter mainland China with its largest store
(Reuters) – Walt Disney Co said it plans to open its first China store in Shanghai, expected to be its largest ever, underscoring the need to cater to the nation’s growing middle class.
China overhauls consumer protection laws
SHANGHAI (Reuters) – China’s top legal body has strengthened consumer rights in the country after it revised the nation’s Consumer Protection Law on Friday, the first major overhaul in two decades.
Greenland votes to allow uranium, rare earths mining
NUUK (Reuters) – Greenland’s parliament voted on Thursday to end a decades-long prohibition on mining for radioactive materials like uranium, further opening up the country to investors from Australia to China eager to tap its vast mineral resources.
Exclusive: In rare China sale, Sinopec seeks partner for Canada shale
BEIJING (Reuters) – Sinopec Group wants to sell half of its two biggest shale gas acreages in Canada to spread costs and accelerate their development, as the Chinese energy company focuses increasingly on return of investment, an executive said.
Bank of America to eliminate up to 4,000 mortgage jobs
(Reuters) – Bank of America Corp said on Thursday that it was cutting up to 4,000 mortgage jobs as fewer borrowers refinance, and fewer home loans go bad.
Microsoft beats profit forecasts, shares jump
SEATTLE (Reuters) – Microsoft Corp cruised past Wall Street’s quarterly profit and revenue forecasts on Thursday, helped by strong sales of its Office and server software to businesses, sending its shares up more than 5 percent after hours.
Icahn raises stake in Apple, criticized by PIMCO’s Gross
(Reuters) – “Bond King” Bill Gross, co-chief investment officer of PIMCO, butted heads on Thursday with billionaire investor Carl Icahn, telling Icahn to leave Apple Inc alone after he again urged the iPhone maker to initiate a tender offer to buy back…
Business groups ask U.S. to settle U.S. Airways, American suit
WASHINGTON (Reuters) – Chambers of commerce from 26 U.S. states and cities have urged the U.S. Justice Department to settle its lawsuit opposing U.S. Airways’ proposed merger with American Airlines .
Twitter IPO pegs valuation at modest $11 billion
SAN FRANCISCO (Reuters) – Seeking to avoid a repeat of Facebook Inc’s much-maligned public debut, Twitter Inc revealed more modest ambitions on Thursday, saying its initial public offering would raise up to $1.6 billion and value the company at up to $…
