BlackBerry shares rise on possible Cerberus bidding interest
TORONTO/NEW YORK (Reuters) – The possibility of a second offer for BlackBerry Ltd reversed a slide in its stock price on Wednesday after the struggling smartphone maker said it expected to record $400 million in pre-tax charges related to cuts announce…
Danone wants full compensation from Fonterra after recall
WELLINGTON (Reuters) – Danone says it is seeking full compensation from New Zealand dairy exporter Fonterra over a contamination scare involving a Fonterra ingredient used in milk formula produced by the French food manufacturer.
Iamgold CEO committed to low-grade gold
(Reuters) – Stephen Letwin is a man of conviction. The chief executive of mid-tier gold miner Iamgold Corp believes low-grade deposits are the future, whether the industry is ready or not.
General Motors takes a look under Tesla’s hood
(Reuters) – In Wall Street’s retelling of the biblical Book of Samuel, General Motors Co is Goliath and electric car maker Tesla Motors Inc is David, the would-be giant slayer.
Greece’s Frigoglass moves parts production to save Greek plant
ATHENS (Reuters) – Greek refrigerator equipment maker Frigoglass will move part of its production from Romania and Turkey back home in an effort to keep its domestic plant operating and secure about 100 jobs in the austerity-hit country, it said on Wed…
Porsche likely to focus Panamera production at Leipzig: sources
BERLIN (Reuters) – Germany’s Porsche will probably focus production of the next generation of the four-door Panamera coupe at its plant in Leipzig, sources with direct knowledge of the matter said, in a move that could threaten jobs at parent Volkswage…
Fed trying to ensure small banks not hurt by new rules: Bernanke
WASHINGTON (Reuters) – The Federal Reserve is being careful not to place too great a burden on smaller banks as it seeks to beef up regulation of the financial system, Fed Chairman Ben Bernanke said on Wednesday.
Cerberus interested in BlackBerry – Dow Jones
TORONTO (Reuters) – BlackBerry Ltd has drawn interest from private equity group Cerberus and at least one other investor, CNBC said on Wednesday, quoting Dow Jones, which cited unnamed sources.
Fed’s Rosengren: trimming bond-buying would be ‘premature’
(Reuters) – Slow growth and a weak jobs market mean the U.S. economy will continue to need support from accommodative monetary policy for years to come, a top U.S. central banker said on Wednesday.
Highfields Capital to return up to $2 billion to clients
BOSTON (Reuters) – Highfields Capital, which oversees $13 billion in assets for universities, hospitals and wealthy investors, plans to return as much as $2 billion to clients because it believes it can deliver better returns with less money.
