Honeywell seeks clarity on U.S. airline display panel proposal
NEW YORK (Reuters) – Honeywell on Tuesday said it wanted U.S. air safety regulators to explain a new proposal to compel airlines to change cockpit instrument panels the company makes for Boeing planes over concerns that Wi-Fi signals could wipe out cru…
Analysis: By going private, Blackberry may buy time to fix itself
TORONTO (Reuters) – A tentative deal to take BlackBerry Ltd private will not necessarily resolve challenges that pushed the smartphone maker into a corner in the first place, but it gives the struggling company some breathing room.
Analysis: Fiat chief’s dealmaking record at stake with Chrysler offering
MILAN/PARIS (Reuters) – Fiat boss Sergio Marchionne’s decision to push ahead with a Chrysler IPO he does not want has raised the stakes in a buyout dispute with the U.S. carmaker’s minority shareholder – as well as for his own legacy.
Wells Fargo fails to end U.S. mortgage fraud lawsuit
NEW YORK/WASHINGTON (Reuters) – A federal judge has rejected Wells Fargo & Co’s bid to dismiss a U.S. government lawsuit accusing the nation’s largest mortgage lender of fraud, a victory for federal investigators pursuing cases tied to the recent housing and financial crises.
Insider trading trial of SAC’s Martoma delayed until January
NEW YORK (Reuters) – A federal judge on Tuesday pushed back the insider trading trial of former SAC Capital Advisors portfolio manager Mathew Martoma to January 6.
Fed following up on report of unusual trading around FOMC statement
WASHINGTON (Reuters) – The U.S. Federal Reserve said on Tuesday it was following up with news organizations over a report of unusual trading around the release of its monetary policy statement last week.
Monte Paschi delays approval of new rescue plan
MILAN/ROME (Reuters) – The board of Monte dei Paschi di Siena , Italy’s third biggest lender, delayed approval on Tuesday of a restructuring plan aimed at winning European Union approval for a 4.1 billion-euro ($5.5 billion) state bailout and averting …
Barrick in talks on further asset sales, no spin-offs
DENVER (Reuters) – Barrick Gold Corp is in talks on further asset sales, with the focus on divesting smaller, higher-cost mines, Chief Executive Jamie Sokalsky told Reuters on Tuesday.
Fairfax’s BlackBerry deal seeks to forgo Canada takeover review
OTTAWA (Reuters) – The investor that has struck a tentative $4.7 billion deal to take smartphone maker BlackBerry Ltd private is aggressively touting his group’s Canadian status to avoid the government reviews of foreign takeovers that have plagued rec…
U.S. state tax revenues hit record highs in second quarter: Census
WASHINGTON (Reuters) – Tax revenues for U.S. states soared to their highest in 25 years in the second quarter as personal income tax collections reached record amounts, U.S. Census data released on Tuesday showed.
