NY bans fund manager Falcone from insurance unit
BOSTON/NEW YORK (Reuters) – Hedge fund manager Philip Falcone, banned from the securities industry for five years by U.S. regulators, is also being banned for seven years from decision-making roles at Fidelity & Guaranty Life Insurance, a unit of his firm, New York officials said on Monday.
U.S. venture funds raise $4.1 billion, down 18 percent
SAN FRANCISCO (Reuters) – U.S. venture capital firms raised $4.1 billion last quarter, down almost 18 percent from the same period in 2012, according to data from the National Venture Capital Association and Thomson Reuters released on Monday.
Twitter gets ‘buy’ rating even before listing
(Reuters) – Twitter Inc’s share price could almost double in its first year as a listed company, a brokerage firm said, issuing a “buy” rating on the stock even before the online messaging service goes public.
Sberbank sets more aside to cover potential bad loans
MOSCOW (Reuters) – Russia’s biggest lender, Sberbank , has doubled the amount of money it sets aside to cover potential bad loans, seeking to protect itself against any deterioration in borrowers’ ability to repay in a slowing economy.
Exclusive: India to stick with austerity despite looming election
NEW DELHI (Reuters) – The Indian government will have to rein in spending and cut subsidies to meet its fiscal deficit target, the country’s finance minister said on Monday, underlining that an austerity drive will not be blown off course by an electio…
BlackBerry shares up on interest from strategic buyers
TORONTO (Reuters) – Shares of BlackBerry Ltd rose 4 percent on Monday, following news of potential interest from strategic buyers in the embattled smartphone company and an analyst upgrade on the company’s stock.
Twitter gets ‘buy’ rating even before listing
(Reuters) – Twitter Inc’s share price could almost double in its first year as a listed company, a brokerage firm said, issuing a “buy” rating on the stock even before the online messaging service goes public.
Advisory: Boehringer Ingelheim story withdrawn
Please be advised that the story, “Boehringer Ingelheim Ohio subsidiary enters consent decree,” originally published on January 31, 2013, was erroneously re-issued on Sunday with an October 6 dateline. The story has been withdrawn. Reuters regrets the …
Greek budget sees end to six-year recession next year
ATHENS (Reuters) – Greece will emerge from six years of recession next year, a draft budget forecast on Monday, signaling the country is past the worst of a crippling debt crisis that nearly broke Europe’s single currency.
Top UK prosecutor wants law change to snare more companies
LONDON (Reuters) – Britain’s top fraud prosecutor said on Monday the law must be changed if critics want to see more companies in court for misconduct.
