JC Flowers interested in buying Lloyds’ TSB unit: report
LONDON (Reuters) – Private equity firm JC Flowers has approached Britain’s Lloyds Banking Group about a bid for the TSB business that was split from the part state-owned bank earlier this month, the Sunday Telegraph said without citing sources.
ThyssenKrupp denies report on possible sale of automotive unit
BERLIN (Reuters) – German steelmaker ThyssenKrupp has denied a magazine report that it is preparing to sell its automotive division.
Small firms seek to move in on Afghanistan’s vast mineral wealth
KABUL (Reuters) – Few companies showed up to Afghanistan’s fresh appeal for investment in its vast mineral wealth on Sunday, apparently deterred by trouble plaguing two of its largest projects and allowing small firms to emerge as the main contenders.
Swiss town to donate some of Glencore CEO’s taxes to charity
ZURICH (Reuters) – Voters in a small Swiss town decided on Sunday to donate 110,000 Swiss francs ($120,700) of taxes paid by GlencoreXstrata Chief Executive Ivan Glasenberg to charity in a protest against the commodities giant’s business practices.
ECB ready to act to help credit market if needed: Liikanen
MILAN (Reuters) – The European Central Bank is ready to boost liquidity in the credit market by issuing another long-term loan if necessary, ECB Governing Council member Erkki Liikanen was quoted as saying on Sunday by Italy’s Corriere della Sera newsp…
Global lockmaker seeks key to future profits in the cloud
STOCKHOLM (Reuters) – Despite the rapid pace of technology that has overhauled many consumer goods, the front door lock and key is little changed since the 1800s. That is about to change – to virtual keys in data clouds, if the world’s biggest lockmake…
China milk makers including Yili, Mengniu to get state support: report
SHANGHAI (Reuters) – Chinese milk powder makers, including Inner Mongolia Yili Industrial Group Co Ltd and China Mengniu Dairy Co Ltd , are set to get 30 billion yuan ($4.90 billion) in official funds to support sector consolidation, media said.
Third time lucky? Singapore Airlines sets sights on India
SINGAPORE (Reuters) – Almost 13 years after pulling the plug on its last attempt to enter the Indian market, Singapore Airlines Ltd is taking another stab at the country by again teaming up with the Tata Group as part of a broader strategic shift.
Ad tech provider Rocket Fuel shares nearly double in debut
(Reuters) – Shares of advertisement technology company Rocket Fuel Inc nearly doubled in their debut as investors flocked to grab a piece of the company that has shown impressive revenue growth.
FireEye’s debut signals red hot interest in cybersecurity
(Reuters) – The shares of cybersecurity company FireEye Inc leapt 80 percent in their trading debut on Friday in a sign of how red hot cybersecurity is on Wall Street at the moment, and even inspired at least one peer to accelerate plans to go public.
