India’s MCX says CEO submits resignation
MUMBAI (Reuters) – The Multi Commodity Exchange of India Ltd said on Saturday its managing director and chief executive officer, Shreekant Javalgekar, had submitted his resignation from the company, in which Financial Technologies holds a 26 percent st…
TPG pays Murdoch unit $214 million for Chinese media company stake
HONG KONG (Reuters) – U.S. private equity firm TPG Capital will pay HK$1.66 billion ($213.73 million) for 21st Century Fox-controlled Star Entertainment’s remaining stake in a Chinese satellite television operator.
Boeing slows production of 747; little financial impact seen
NEW YORK (Reuters) – Boeing Co said on Friday it was notching down the production rate of its biggest plane, the iconic bubble-top 747, due to slack demand.
Arguments conclude in BP trial on size of Gulf spill
NEW ORLEANS (Reuters) – Lawyers for BP Plc and the federal government concluded their arguments on Friday in the second phase of a trial to determine the size of the 2010 U.S. Gulf oil spill, a finding that will be used to set a fine against BP under t…
Google shares break $1,000 barrier as mobile pays off
SAN FRANCISCO (Reuters) – Google Inc shares jumped past $1,000 on Friday as investors bet on the Internet company’s continued dominance of the mobile and video advertising businesses despite aggressive competition from Facebook Inc and Yahoo Inc.
JPMorgan in $4 billion deal with U.S. housing agency
WASHINGTON/NEW YORK (Reuters) – JPMorgan Chase & Co has reached a tentative $4 billion deal with the U.S. Federal Housing Finance Agency to settle claims that the bank misled government-sponsored mortgage agencies about the quality of mortgages it sold them during the housing boom, according to a person familiar with the matter.
Ford’s Mulally won’t dismiss Boeing, Microsoft speculation
WUHAN, China (Reuters) – Ford Motor Co Chief Executive Alan Mulally repeatedly declined to dismiss reports that he was approached to run Microsoft Corp and speculation that he may be in line for a leadership role at Boeing.
Exclusive: Motorola looking to exit wireless LAN business – sources
NEW YORK (Reuters) – Motorola Solutions Inc is exploring the sale of its underperforming wireless LAN business, which has grappled with declining share in a market dominated by rivals such as Cisco Systems Inc, people familiar with the matter said.
Ernst & Young to pay $99 million to end Lehman investor lawsuit
NEW YORK (Reuters) – Ernst & Young has agreed to pay $99 million to former Lehman Brothers investors who have accused the auditor of helping Lehman misstate its financial records before the investment bank’s collapse triggered a financial crisis in 2008.
UK’s Osborne says actively considering RBS “bad bank”: paper
LONDON (Reuters) – British finance minister George Osborne said his ministry was actively looking at breaking up the state-backed Royal Bank of Scotland to create a “bad bank” to house its problem loans, the Daily Telegraph newspaper reported on Friday…
