Deutsche Bank taps former Barclays financial services banker: memo
NEW YORK (Reuters) – Deutsche Bank has tapped a former Barclays Plc financial services banker as co-head of its global insurance group, according to an internal memo sent to the bank’s employees.
US Airways third-quarter profit higher than expected
(Reuters) – US Airways Group Inc reported higher-than-expected third-quarter profit on Wednesday as increased ticket prices bolstered revenue.
Luxury goods theft causes Hermes collection preview cancellation
MILAN (Reuters) – Hermes accessories worth 400,000 euros ($550,900) were stolen in Milan, forcing the French luxury goods group to cancel a presentation on Wednesday even after the items were recovered by police, a company spokeswoman said.
Northrop third-quarter profit rises; sees higher full-year profit
WASHINGTON (Reuters) – Northrop Grumman Corp , maker of Global Hawk unmanned planes, on Wednesday reported sharply higher-than-expected third-quarter earnings despite a slight drop in sales, and raised its forecast for full-year sales.
Bribery scandal slashes GlaxoSmithKline’s Chinese drug sales
LONDON (Reuters) – GlaxoSmithKline’s drug sales in China slumped 61 percent in the third quarter, hit by a bribery scandal that has damaged its ability to market products in the country and pushed some sales into the hands of rivals.
Nasdaq profit beats expectations, helped by deals
(Reuters) – Transatlantic exchange operator Nasdaq OMX Group on Wednesday reported a higher third-quarter profit that beat analysts’ expectations, helped by recent acquisitions and increased market data revenue.
Chinese tensions hit shares, dollar steadies
LONDON (Reuters) – Concerns over tighter Chinese monetary policy hit global shares still high on hopes of extended U.S. stimulus on Wednesday, when the dollar tentatively steadied at an eight-month low after its latest slide.
American Realty buys Cole to become top US net-lease REIT
(Reuters) – American Realty Capital Properties said it would buy Cole Real Estate Investments for $11.2 billion to create the largest net-lease real estate investment trust (REIT) in the United States.
Roche CEO would not exclude move into rare diseases
PARIS (Reuters) – Swiss drugmaker Roche Holding AG would not exclude a move into treatments for rare diseases, its CEO said on Wednesday, even if this represented very small numbers of patients.
Australia inflation surprise, China rates highlight Asia price pressures
SYDNEY/SINGAPORE (Reuters) – Inflation fears heightened in Asia on Wednesday as price pressures in Australia intensified and as China’s short-term interest rates shot higher on concerns the central bank may soon tighten liquidity.
