Newmont says Las Bambas comments were ‘misrepresented’
(Reuters) – The Financial Times took comments from Newmont Mining Corp’s chief executive out of context when it wrote that the U.S. gold miner had joined the race to buy Glencore Xstrata Plc’s Las Bambas copper project, Newmont said on Tuesday.
Air France-KLM may help Alitalia under conditions: report
MILAN/PARIS (Reuters) – Franco-Dutch carrier Air France-KLM said on Tuesday it was open to merging with Alitalia in a move seen as the best solution for turning round the loss-making Italian airline.
Exclusive: MoneyGram to stay public as buyout talks fail – sources
(Reuters) – MoneyGram International Inc has decided to remain public after talks with private equity firms over a leveraged buyout did not result in an offer in line with its expectations, three people familiar with the matter said this week.
Toyota says September U.S. auto sales fell about 4.3 percent
DETROIT (Reuters) – Toyota Motor Corp’s U.S. sales division said that September U.S. sales for the industry were about 1,138,000, down 4.3 percent from a year ago.
Aeon to raise about 90 billion yen from REIT launch: Nikkei
(Reuters) – Japanese retailer Aeon Co Ltd plans to raise about 90 billion yen ($917 million) by listing a commercial-property REIT on the Tokyo Stock Exchange (TSE) as early as next month, the Nikkei said on Tuesday.
Merck to slash annual costs by $2.5 billion, cut 8,500 jobs
(Reuters) – Merck & Co, taking a cue from rival drugmakers that have slashed research spending to bolster earnings, said it will cut annual operating costs by $2.5 billion and eliminate 8,500 jobs, or more than 10 percent of its global workforce.
Premier Foods to keep Hovis, eyes overseas partners
LONDON (Reuters) – Britain’s Premier Foods is focused on expanding Hovis bread, one of its biggest brands, and has no plan to sell the business for now, the company’s chief executive said on Tuesday.
Pimco Total Return Fund rises 1.8 percent in September: Morningstar
NEW YORK (Reuters) – The Pimco Total Return Fund, the world’s largest mutual fund, rose 1.8 percent in September after the Federal Reserve kept its bond-buying program unchanged, preliminary data from investment research firm Morningstar showed Tuesday…
GM pays $50 million to end lawsuit over 2009 hedge fund deal
(Reuters) – General Motors Co has agreed to pay $50 million to end long-running litigation over a secretive deal that was struck on the eve of the automaker’s 2009 bankruptcy that critics said favored hedge funds.
Apple shares get boost on Icahn dinner with CEO Cook
NEW YORK (Reuters) – Shares of Apple Inc. rose about 2 percent on Tuesday on news that billionaire activist investor Carl Icahn had dinner with Apple chief executive Tim Cook on Monday and “pushed hard” for a buyback.
