Wall Street rises on hopes for a budget deal
NEW YORK (Reuters) – U.S. stocks ended a volatile session with modest gains on Monday, as investors bet that there would soon be a deal in Washington to increase the debt limit, though there were no obvious signs of progress.
Boeing rebuts critical Pentagon report on helicopter parts
WASHINGTON (Reuters) – Boeing Co on Monday rebutted a Pentagon’s inspector general report that said the company overcharged the U.S. Army by up to $16.6 million on a $4.4 billion helicopter contract and said it was still waiting to receive the final re…
Analysis: U.S. race to clinch debt sales may prove costly
NEW YORK (Reuters) – It sounds like the plot of a pulpy Hollywood thriller: a mad dash for more than $100 billion in cash in the 48 hours before the clock runs out.
BlackBerry issues open letter to calm customers and partners
TORONTO (Reuters) – BlackBerry Ltd on Monday sought to reassure its restive customers and partners that it was financially stable and “here to stay,” even though it announced massive layoffs and sources say it is in talks to sell all or part of the com…
IASB accounting body rejects EU parliament’s funding conditions
LONDON (Reuters) – The group which writes global accounting rules said the European Parliament was threatening its independence by calling for a fundamental change to the way it sets standards, and linking it to future funding.
Asmussen rejects Athens’ call for ECB to roll over Greek bonds
ATHENS/LUXEMBOURG (Reuters) – The European Central Bank cannot roll over Greek bonds as this goes against a ban on financing governments, a senior ECB policymaker said on Monday, dashing Athens’ hopes it will help plug a funding gap next year through s…
GSW accepts Deutsche Wohnen offer, group to raise dividend
FRANKFURT (Reuters) – German Real estate company GSW said on Monday it would recommend its shareholders accept Deutsche Wohnen’s takeover offer, taking the 1.7 billion euro bid ($2.3 billion) one step closer to a possible completion.
Rival airline attacks Alitalia rescue as illegal
MILAN/PARIS (Reuters) – A leading European airline group denounced Italian plans to rescue Alitalia as illegal on Monday, as shareholders were due to vote on a capital increase to keep the near-bankrupt carrier flying.
IAG calls for EU to intervene in Italy’s ‘illegal’ Alitalia rescue
LONDON (Reuters) – International Airlines Group said Italy’s rescue of near-bankrupt airline Alitalia was “illegal” on Monday and urged the European Commission to intervene.
U.S. multinationals to have say on OECD tax-base erosion project
WASHINGTON (Reuters) – U.S. multinationals will next month be able to weigh in for the first time on recent proposals from the Organisation for Economic Co-operation and Development (OECD) on tightening oversight of tax-reducing “transfer pricing” stra…
