J.C. Penney in talks to raise more money: source
(Reuters) – J.C. Penney Co Inc is looking to raise more money, possibly through a combination of debt and equity, according to a source familiar with the matter.
Groupon fails to end lawsuit alleging fraud linked to IPO
(Reuters) – Groupon Inc failed to persuade a federal judge to dismiss a lawsuit accusing the daily discount deals provider of misleading investors about its financial prospects and internal controls before it went public in November 2011.
BlackBerry warns of big loss, 4,500 job cuts; shares dive
TORONTO (Reuters) – BlackBerry Ltd warned on Friday it expects to report a huge quarterly operating loss next week and that it will cut more than a third of its global workforce, rekindling fears of the company’s demise and sending its shares into a ta…
US Airways, American push back on Justice Department merger lawsuit
WASHINGTON (Reuters) – US Airways and American Airlines, whose proposed merger has been stalled by U.S. government opposition, urged a court on Friday to require the Justice Department to turn over documents relating to its approval of four previous ai…
U.S. covenant-lite loans soar amid investor demand
NEW YORK (Reuters) – Huge demand for leveraged loans from billions of dollars flowing into U.S. loan funds pushed covenant-lite loan volume to a record $188.7 billion, far surpassing the record of 2007, and still going strong.
Fed officials criticize, explain taper delay
NEW YORK (Reuters) – An outspoken Federal Reserve hawk warned on Friday that the U.S. central bank had harmed its credibility by delaying a highly anticipated reduction in monetary stimulus this week, but another official argued it had been the right t…
Allegiant grounds planes; U.S. FAA seeks data on slides
(Reuters) – Allegiant Travel Co , a low-cost carrier that provides service to leisure destinations, is grounding as many as 30 of its aircraft, or roughly half of its fleet, to inspect emergency evacuation slides in response to an FAA request for infor…
Workers expanding Colombia’s Cartagena oil refinery go on strike
BOGOTA (Reuters) – Construction workers expanding Colombia’s biggest oil refinery went on strike on Friday in a dispute over a pay, halting the $6.47 billion project but leaving refining operations unaffected.
Lawsuit accuses JPMorgan of exposing Social Security numbers
NEW YORK (Reuters) – JPMorgan Chase & Co has been hit with a proposed class action lawsuit accusing it of printing Social Security numbers on the outsides of form letters mailed to customers to tell them about the bank’s efforts to protect their private information.
Fed need not rush to taper while inflation is low: Bullard
NEW YORK (Reuters) – Low readings on inflation allow the U.S. Federal Reserve to be patient in deciding when to scale back its pace of asset purchases, a senior Fed official said on Friday, cautioning that he would not back action until price pressures…
