South Korea rejects Boeing in $7.7 billion fighter jet deal
SEOUL (Reuters) – South Korea voted against Boeing’s F-15 Silent Eagle in its 8.3 trillion won ($7.7 billion) tender for 60 fighter jets, the country’s arms procurement agency said on Tuesday, saying it will restart the project.
Loans challenge big money’s leasing model for U.S. rooftop solar
(Reuters) – Falling prices and growing acceptance of home solar power is sparking a challenge to major financiers who have anchored the U.S. industry using leases, as smaller banks and other lenders rush to offer homeowners loans to buy systems.
Fiat rethinks alliance with Chrysler after IPO filing
DETROIT (Reuters) – Chrysler Group LLC was forced to file paperwork for an IPO by its second-biggest shareholder on Monday, escalating a spat with main owner Fiat SpA which said it could scale back its commitment to the U.S. automaker.
Regulator sues Morgan Stanley, eight others over faulty securities
(Reuters) – A U.S. regulator filed lawsuits against Morgan Stanley and eight other banks over the sale of nearly $2.4 billion in mortgage-backed securities to two credit unions that later failed, according to a filing.
Peabody says settlement offer for Patriot Coal retirees rejected
(Reuters) – Peabody Energy Corp , which created now-bankrupt Patriot Coal through a spin-off, said an offer to settle claims relating to healthcare benefits for Patriot Coal retirees had been rejected by the United Mine Workers of America.
Telefonica strengthens grip on Telecom Italia: source
MILAN (Reuters) – Spanish telecoms company Telefonica has agreed to hike its stake in rival Telecom Italia , a source close to the deal said, ending months of speculation on the future of the debt-laden Italian group and opening the way to asset sales….
Former Tribune Co shareholders notch legal victory
(Reuters) – Investors who sold Tribune Co stock in a 2007 buyout led by developer Sam Zell won a legal battle on Monday that protects them from being sued twice over that deal, which has been blamed for the media conglomerate’s bankruptcy.
Monte Paschi set to approve new rescue plan
MILAN/ROME (Reuters) – Monte dei Paschi di Siena , Italy’s third-biggest lender, is set to approve a drastic restructuring plan on Tuesday aimed at winning the European Union’s green light for a 4.1 billion euro state bailout and averting nationalizati…
Fairfax consortium bids $4.7 billion to take BlackBerry private
TORONTO (Reuters) – Smartphone maker BlackBerry has agreed to go private in a $4.7 billion deal led by its biggest shareholder, allowing the on-the-go email pioneer to regroup away from public scrutiny after years of falling fortunes and slumping marke…
ADM considering locations for new headquarters
CHICAGO (Reuters) – Agribusiness Archer Daniels Midland Co said on Monday that it is considering locations for new corporate headquarters because the company is becoming more global.
