Fidelity demands companies make executive pay plans longer term
LONDON (Reuters) – One of the biggest investors in European companies says it will start voting against boardroom pay plans next year unless firms force executives to hold shares more than three years before cashing them in.
Italy minister says expects Air France to up role in Alitalia
MILAN (Reuters) – Air France-KLM will strengthen its role in Italian airline Alitalia SpA , Italian transport minister Maurizio Lupi said on Monday.
Norwegian Air calls in Boeing for meeting after Dreamliner woes
OSLO (Reuters) – Norwegian Air has called in Boeing management for a meeting in Oslo this week following a slew of technical problems with its two Dreamliner planes, the low-cost carrier said on Monday.
Danone unit probes new China bribery allegations
SHANGHAI (Reuters) – A unit of French food group Danone SA said on Monday it opened an investigation after Chinese state TV reported that it bribed medical staff to boost sales of its infant formula at hospitals in a number of regions across northern C…
Euro zone business activity growing faster than thought in September: PMI
LONDON (Reuters) – Business activity in the euro zone has grown faster than expected this month as new orders flood in at their fastest pace in over two years, surveys showed on Monday, adding to signs that the economy is healing.
Britain’s ICAP nears Libor settlement: WSJ
(Reuters) – Britain’s ICAP Plc may pay less than $100 million to settle a civil probe into the broker-dealer’s alleged role in the manipulation of a key interest rate, the Wall Street Journal reported, citing people familiar with the settlement talks.
German private sector expands in September at fastest rate since January: PMI
BERLIN (Reuters) – Germany’s private sector grew in September at its fastest rate since January, a survey showed on Monday, suggesting Europe’s largest economy will grow again this quarter, albeit less than in the previous three months.
Norwegian Air says both its Dreamliners hit by technical issues
OSLO (Reuters) – Norwegian Air Shuttle suffered fresh technical problems with both its Boeing 787 Dreamliners on Sunday, the airline said, in another set of glitches to hit the new jet.
Analysis: Despite talk of farm bubble, Farmer Mac woos investors
NEW YORK (Reuters) – Farmer Mac – the farm loan equivalent of its cousins Freddie Mac and Fannie Mae – owes its existence to the last time a U.S. farm bubble burst. Now, the company is trying to convince investors it would survive another one.
Analysis: Fed’s underlying message a bad signal for U.S. profit growth
NEW YORK (Reuters) – The euphoria with which investors in the U.S. stock market greeted the Federal Reserve’s decision to stick with its easy-money policy has begun to evaporate, as the message the Fed was sending about a less-than-stellar economy sink…
