SEC on the prowl for rule breakers big and small, White says
WASHINGTON (Reuters) – The top U.S. securities regulator on Wednesday placed everyone from auditors to fund board members on notice, saying her agency plans to look for violations in all corners of the market, from major Wall Street investment firms to…
UK’s RBS denies residential property sale report
(Reuters) – Britain’s Royal Bank of Scotland on Wednesday denied a newspaper report it was planning to sell a portfolio of more than 1,300 UK residential properties owned by its property arm, and was considering floating them on the stock exchange.
G20, meeting in Washington, to seek answers on looming U.S. debt crisis
WASHINGTON (Reuters) – Top finance officials from the world’s leading economies gathering later this week will look for straight answers from the United States over the political dysfunction that threatens to throw the world’s largest economy into defa…
HP CEO expects to steady the ship in 2014, sends shares north
SAN JOSE (Reuters) – Hewlett Packard Co Chief Executive Meg Whitman expects revenue to stabilize in 2014 with “pockets of growth” before the business accelerates again in 2015, sending the stock up as much as 9.5 percent on Wednesday.
Ryanair to hire new senior executive to boost image
DUBLIN (Reuters) – Ryanair is to hire a new senior executive to spearhead efforts to create a new, softer image after it was voted the worst of the 100 biggest brands serving the British market by consumer magazine Which?
KFC parent Yum warns of delay in China sales recovery
(Reuters) – KFC parent Yum Brands Inc on Tuesday warned that it will take longer than expected for its China restaurant sales to rebound, delaying a recovery in the market that accounts for more than half of the company’s overall operating profit.
Barclays treasurer de Vitry to leave
LONDON (Reuters) – Barclays’ group treasurer is leaving the British bank, marking the departure of another of the senior investment bankers who moved up through the ranks under former boss Bob Diamond.
Analysis: Canada veto complicates BlackBerry, telecom deal making
TORONTO (Reuters) – When Canada blocked the sale of a fiber optic network to a company backed by an Egyptian telecom tycoon this week, it telegraphed its resolve to make national security paramount when considering whether to allow a foreign firm to ac…
GM’s tweaked Malibu arrives just 18 months after major redesign
PLYMOUTH, Michigan (Reuters) – General Motors Co is taking the unusual step of offering a mildly restyled version of the Chevrolet Malibu in an effort to reverse the last 18 months of disappointing sales since the mid-sized sedan’s last major redesign …
Jos. A. Bank offers to buy Men’s Wearhouse, gets brush-off
(Reuters) – Jos. A. Bank Clothiers Inc offered to buy bigger rival Men’s Wearhouse Inc for about $2.3 billion to create a men’s apparel heavyweight with more than 1,700 stores – a proposal that Men’s Wearhouse swiftly rejected.
