Mexico to escape recession after floods, but risks to growth rise: Reuters poll
MEXICO CITY (Reuters) – Mexico is unlikely to be dragged into recession by severe flooding that has laid waste to large areas of farmland, destroyed homes and killed dozens of people, but the flooding has increased risk, a Reuters poll showed on Wednes…
UAW trust taps Deutsche Bank to advise on Chrysler exit: sources
NEW YORK/DETROIT (Reuters) – Chrysler Group LLC’s second-largest shareholder, a union healthcare trust fund, has tapped Deutsche Bank for advice on how to exit its 41.5 percent stake in No. 3 U.S. automaker, according to two people familiar with the ma…
Fairfax’s Watsa confident BlackBerry bid will succeed
TORONTO (Reuters) – Fairfax Financial Holdings Ltd Chief Executive Prem Watsa said on Wednesday he is confident the consortium he leads can find the money to fund its $4.7 billion bid for smartphone maker BlackBerry Ltd.
IMF approves next $1 billion for Ireland bailout program
WASHINGTON (Reuters) – The International Monetary Fund disbursed the next $1 billion aid tranche to Ireland on Wednesday, as the European island nation remains on track with the conditions of its loan program.
Citigroup to pay Freddie Mac $395 million on suspect mortgages
(Reuters) – Citigroup Inc on Wednesday said it agreed to pay $395 million to Freddie Mac to resolve claims of potential flaws in roughly 3.7 million mortgages it sold to the housing finance company from 2000 to 2012.
Shackles drop off fundraising for startups. Should we worry?
SAN FRANCISCO (Reuters) – Entrepreneur Nicole O’Rourke has a novel idea for raising cash that would have been illegal until this week: smacking a “fund me” sticker on every bottle or can of hair products from her start-up business, Rock Your Hair.
ICAP fined $87 million over Libor, three former staff charged
LONDON/WASHINGTON (Reuters) – U.S. and British authorities on Wednesday fined ICAP, the world’s biggest interdealer broker, $87 million and filed criminal charges against three former employees over the Libor interest rate rigging scandal.
Analysis: Abenomics speeds corporate investment, but not in Japan
HONG KONG/BANGKOK (Reuters) – Japanese Prime Minister Shinzo Abe got an early sign of how his blueprint to revive Japan’s industrial vim and economic vigor was working when two of his country’s biggest car makers unveiled $900 million worth of investme…
Wall Street ends down for fifth day as budget impasse, Wal-Mart weigh
NEW YORK (Reuters) – U.S. stocks fell on Wednesday and the S&P 500 put in a fifth day of losses, its longest losing streak since the end of 2012, on jitters funding for the federal government would run out and after a drop in shares of Wal-Mart Stores.
Exclusive: GTCR looks to sell U.S. hospital company Capella – sources
NEW YORK (Reuters) – Private equity firm GTCR LLC is exploring a potential sale of Capella Healthcare, a hospital operator that may be valued at a little less than $1 billion, two people familiar with the matter said on Wednesday.
