Money funds avoid some U.S. debt on fear of repayment delays
BOSTON (Reuters) – The $2.66 trillion money market industry is preparing for the worst as lawmakers in Washington battle over the U.S. debt ceiling.
Former World Bank president rejoins Goldman Sachs
(Reuters) – Goldman Sachs Group Inc said on Monday that former World Bank Group President Robert Zoellick will rejoin the investment bank as chairman of its international advisory board.
High risk green energy drives Wall Street’s top-performing fund
NEW YORK (Reuters) – Kevin Landis is the manager of this year’s best performing investment fund on Wall St. but investors may want to think twice before copying his stock picks.
France calls on Alcatel-Lucent to review plan for mass job cuts
PARIS (Reuters) – French president Francois Hollande called on Alcatel-Lucent on Tuesday to save as many jobs as possible in France after the telecoms equipment maker said it plans to cut 10,000 jobs worldwide, about 14 percent of its entire workforce….
Fed’s Fisher decries U.S. flirtation with default
DALLAS (Reuters) – A U.S. central banker known for his criticism of Washington politics warned on Monday that the standoff in the U.S. Congress that has shut down the federal government could drive the country to the edge of defaulting on its sovereign…
Alitalia risks bankruptcy without capital increase: source
ROME (Reuters) – Loss-making Italian airline Alitalia risks having to file for bankruptcy if it fails to agree a deal for a capital increase in the next couple of weeks, a government source said on Tuesday.
Kate Moss may be Topshop’s key to China
PARIS (Reuters) – British fashion retailer Topshop is considering using a Spring 2014 collection to be designed with Kate Moss to break into China, billionaire owner Philip Green said on Tuesday.
Toyota to face U.S. trial over vehicle acceleration
(Reuters) – Toyota Motor Corp must face a trial over claims that it failed to warn the public about design defects that caused certain vehicles to accelerate unintentionally, a federal judge in California has ruled.
Penney says September sales show improving trend
(Reuters) – J.C. Penney Co Inc on Tuesday told investors for the second time in less than two weeks that sales trends are improving, seeking to quell fears about its turnaround that have pummeled the retailer’s shares.
IMF say global economy healthier, but still weak
WASHINGTON (Reuters) – The International Monetary Fund expressed guarded optimism about the state of the global economy on Tuesday, even as it trimmed its forecasts for output and warned about the catastrophic impact of a potential U.S. debt default.
