Exclusive: Alibaba CEO says company has decided not to list in Hong Kong
HANGZHOU, China (Reuters) – Chinese e-commerce company Alibaba Group Holding Ltd has decided not to list on the Hong Kong stock exchange, Chief Executive Jonathan Lu told Reuters on Thursday.
Monte Paschi CEO sees capital hike offered to existing shareholders
ROME (Reuters) – Banca Monte dei Paschi di Siena will seek to implement its upcoming 2.5 billion euro capital increase by offering it as an option to existing shareholders, the chief executive of the troubled Italian lender said on Thursday.
Insight: Big Pharma braces for retirement of favorite regulator
WASHINGTON (Reuters) – The retirement of Dr. Janet Woodcock as head of the Food and Drug Administration’s pharmaceutical division is at least a year away, but already the industry she regulates is worrying about who will replace her.
‘Look ma, no hands’ on the car steering wheel still some way off
DETROIT (Reuters) – When General Motors Co Vice Chairman Steve Girsky slid into a Cadillac SRX luxury crossover vehicle specially equipped to drive itself, his reaction echoed that of many consumers as more self-driving technologies are rolled out.
Toilet glitch forces JAL to turn around Dreamliner flight
TOKYO (Reuters) – Japan Airlines Co was forced to turn around its Tokyo-bound flight from Moscow on Thursday due to a problem in the Boeing 787 jet’s lavatory, a spokesman for the Japanese carrier said.
Tax penalty for two Texans? Supreme Court weighs partner problem
WASHINGTON (Reuters) – The U.S. Supreme Court on Wednesday grappled with a case about a steep penalty the Internal Revenue Service imposed on two Texas businessmen over a sham tax shelter, with legal arguments centered on whether their partnership shie…
Norwegian airline to check second 787, ILFC pressures Boeing
OSLO (Reuters) – Budget airline Norwegian Air Shuttle plans to take its second Boeing Dreamliner out of operation for precautionary checks after repeated hydraulic and electrical faults led to the grounding of its other one.
Fed should try to break boom-bust cycle, says ex-RBNZ chair
LONDON (Reuters) – The U.S. Federal Reserve should try to stop a damaging cycle of booms and busts by breaking investors’ expectations that it will mop up after future asset price bubbles, one of the pioneers of inflation-targeting said.
Accommodation renter Airbnb fights NY State subpoena on sublets
SAN FRANCISCO (Reuters) – Airbnb, the room-rental service, went to court Wednesday to block a subpoena from the New York Attorney General seeking information on more than 15,000 tenants who rent out their rooms on the popular website.
Union allowed to file brief in American, U.S. Airways merger case
WASHINGTON (Reuters) – A key union that supports U.S. Airways’ planned merger with American Airlines can weigh in on the court fight to stop the deal, the judge hearing a government challenge to the combination said on Wednesday.
