Exclusive: Penney leaning toward $1 billion equity raise: sources
(Reuters) – J.C. Penney Company Inc is looking to raise as much $750 million to $1 billion in new equity to build up its cash reserves as the holiday season approaches, according to three people with knowledge of the matter.
Exclusive: Greece does not need third bailout, seeks debt ‘reprofiling’ – deputy pm
NEW YORK (Reuters) – Greece does not require a third bailout and can cover its needs without further burdening its current backers, by improving the terms of its debt and possibly returning to the bond market next year, the country’s deputy prime minis…
JPMorgan in talks to settle government probes for $11 billion: sources
NEW YORK (Reuters) – JPMorgan Chase & Co is in talks with government officials to settle federal and state mortgage probes for $11 billion, two people familiar with the matter said on Wednesday.
Barclays to shut wealth management services in 130 countries: FT
(Reuters) – Barclays Plc will stop offering wealth management services in about 130 countries by 2016 and cut jobs in the unit as part of an effort to rein in costs and boost profit, the Financial Times reported on Wednesday, citing the British bank.
JPMorgan in talks to settle government probes for $11 billion: sources
NEW YORK (Reuters) – JPMorgan Chase & Co is in talks with government officials to settle federal and state mortgage probes for $11 billion, two people familiar with the matter said on Wednesday.
Analysis: UAW sees VW’s German union model as best hope in South
DETROIT (Reuters) – If the United Auto Workers is successful in organizing Volkswagen AG’s plant in Tennessee, it will owe a lot to the unique relationship the automaker has with labor in Germany.
Japan’s Lixil agrees to buy Grohe for about $4 billion: Nikkei
TOKYO (Reuters) – Japanese bathroom equipment maker Lixil Group Corp has reached an agreement with the private equity owners of Grohe to buy the European company for about 400 billion yen ($4.05 billion), the Nikkei newspaper reported.
Penney leaning toward $1 billion equity raise: sources
(Reuters) – J.C. Penney Company Inc is looking to raise as much $750 million to $1 billion in new equity to build up its cash reserves as the holiday season approaches, according to three people with knowledge of the matter.
Pentagon aims to finalize Lockheed F-35 contract within days
WASHINGTON (Reuters) – The Pentagon expects to finalize a contract with Lockheed Martin Corp for the sixth and seventh batches of F-35 fighter jets within days, the deputy director of the $392 billion program said on Wednesday.
U.S. judge won’t dismiss Argentine central bank from bondholder case
NEW YORK (Reuters) – Argentina’s central bank lost a bid Wednesday to dismiss a lawsuit by bondholders seeking to hold it responsible for the country’s obligations on defaulted debt, in the latest victory for holdout creditors.
