U.S. government shutdown, debt impasse stalk earnings season
NEW YORK (Reuters) – “Government shutdown” and “debt ceiling” will top the list of phrases that investors will track in the coming weeks as they listen to corporate chief executives and try to gauge the impact of Washington gridlock on U.S. company ear…
Italy to participate in Alitalia rescue: statement
ROME (Reuters) – Italy said on Thursday it will join a rescue plan for Alitalia through an investment by the state-owned postal service as long as the company adopts a new strategy and the other shareholders agree to do their part, a government stateme…
Former BofA mortgage head Desoer joins Citigroup
(Reuters) – Barbara Desoer, former head of the mortgage business at Bank of America Corp , has agreed to join Citigroup Inc as an executive in its banking subsidiary.
Starbucks CEO starts petition against government shutdown
NEW YORK (Reuters) – Starbucks Corp plans to circulate petitions to customers across the United States urging lawmakers to reopen the partially closed government and avoid a looming default, the coffee chain’s CEO Howard Schultz said on Thursday.
Royal Mail shares priced at 330 pence in oversubscribed sale
LONDON (Reuters) – Britain sold a majority stake in Royal Mail at 330 pence a share on Thursday following massive investor interest that values the postal service company, known worldwide for its iconic red postboxes, at 3.3 billion pounds ($5.3 billio…
Norwegian Air CEO says Boeing changed 787 pump design
NEW YORK (Reuters) – The chief executive of Norwegian Air Shuttle ASA ended weeks of criticism of Boeing Co on Thursday, praising the aircraft maker for fixing a faulty 787 Dreamliner and saying the $200 million high-tech plane is “fantastic” for the b…
U.S. cable companies home in on security
(Reuters) – Consumers are increasingly turning to an unlikely source for home security – the cable company.
Two more pipeline deals as U.S. shale production booms
(Reuters) – Pipeline operators Regency Energy Partners LP and Crestwood Midstream Partners LP announced plans to buy peers to expand their pipe networks as infrastructure companies seek bigger stakes in the U.S. shale oil and gas boom.
U.S. cable companies home in on security
(Reuters) – Consumers are increasingly turning to an unlikely source for home security – the cable company.
U.S. debt standoff could ‘damage’ world economy: ECB head
NEW YORK (Reuters) – A prolonged U.S. debt standoff could hurt the global economy, European Central Bank President Mario Draghi said on Thursday.
