Alitalia unlikely to be in for long haul without Air France: KLM
MILAN (Reuters) – Five years after Alitalia was rescued from bankruptcy, the options for the troubled Italian airline appear to be few: convince top shareholder Air France-KLM to support its new strategy or shut up shop.
Libor scandal shows pressures on ‘honest brokers’
DUBLIN/LONDON (Reuters) – Evidence that interdealer brokers at ICAP conspired to rig Libor for a bank trader raises questions over such firms’ role as honest go-betweens among banks and highlighted the pressure customers can put on them.
IMF official says U.S. Fed mindful of global impact
BOGOTA (Reuters) – Latin America’s growth outlook is shaky and a delay in pulling back economic stimulus in the United States shows the Federal Reserve is mindful of the impact its actions can have on other countries, an International Monetary Fund off…
Exclusive: Nokia weighs Alcatel tie-up after Microsoft deal – sources
NEW YORK/HELSINKI (Reuters) – Nokia is discussing internally whether to approach French rival Alcatel-Lucent about a tie-up, part of the Finnish company’s review of how it can grow after the planned sale of its handset business to Microsoft Corp, sever…
Cohen’s SAC Capital up 13 percent for year: source
NEW YORK (Reuters) – Steven A. Cohen’s SAC Capital Advisors hedge fund has posted strong returns so far this year even as it deals with a criminal indictment charging the $14 billion fund with being a breeding ground for insider trading.
Vietnam’s VietJet agrees bumper $9 billion Airbus order
PARIS/HANOI (Reuters) – Low-cost airline VietJet agreed a provisional order for up to 92 Airbus jets worth $9 billion at list prices on Wednesday, stepping up expansion to make its mark in a fast-growing regional market.
GM CEO envisions a woman running a U.S. automaker one day
DETROIT (Reuters) – General Motors Co’s chief executive said on Wednesday he envisioned a woman running one of the three U.S. automakers one day, and that it was inevitable in an industry where half the customers are female.
Citigroup moves to block new arbitration by Abu Dhabi fund
NEW YORK (Reuters) – Citigroup Inc has gone to court to block a new effort by Abu Dhabi Investment Authority to pursue an arbitration over a $7.5 billion investment the sovereign wealth fund made in the bank amid the subprime mortgage meltdown in 2007….
Future of Marc Jacobs at Louis Vuitton in doubt
PARIS (Reuters) – Marc Jacobs may be on the verge of leaving Louis Vuitton when his contract ends next month as designer’s future at the French luxury brand remains unresolved, an industry source told Reuters.
Penney stock hits 13-year low as Goldman warns of slow comeback
(Reuters) – J.C. Penney Co Inc shares tumbled to their lowest in nearly 13 years on Wednesday after Goldman Sachs said it expects sales at the struggling department store chain to improve more slowly than expected and raised questions about its liquidi…
