Shares of Apple, chip suppliers rise as iPhones hit stores
(Reuters) – Shares in Apple Inc and key chip suppliers for its new iPhones rose on Friday, as the first day of sales at Apple stores drew long queues and an analyst said the first weekend would likely top the initial sales figures of last year’s model….
Stock funds worldwide have record $26 billion inflow: BofA
NEW YORK (Reuters) – Investors poured a record $26 billion into stock funds worldwide in the week ended September 18 as global markets rallied on expectations that the U.S. Federal Reserve would maintain its easy-money policies, data from a Bank of Ame…
Vodafone wins EU approval for 7.7 billion euro Kabel Deutschland takeover
BRUSSELS (Reuters) – Vodafone won EU approval on Friday for its 7.7 billion euro ($10.43 billion) acquisition of Germany’s largest cable company, Kabel Deutschland .
Fiat brings in U.S. car bailout adviser for Chrysler buyout
MILAN/NEW YORK (Reuters) – Italian carmaker Fiat has brought in a veteran of the 2009 U.S. autos sector bailout in a bid to break the deadlock in talks for it to buy out the minority investor in U.S. automaker Chrysler, a person familiar with the matte…
U.S. economic growth gauge holds at more than three-year high
NEW YORK (Reuters) – A measure of future U.S. economic growth held steady at its highest level in more than three years while the annualized growth rate hit a four-week high, a research group said on Friday.
Exclusive: Telecom Italia investors in talks to keep status quo for six months – sources
MILAN (Reuters) – Telefonica is in talks with the Italian core shareholders in Telecom Italia to keep the same ownership structure for another six months, two sources with knowledge of the situation told Reuters.
Unitech told to repay Deutsche, Libor dispute goes to trial
LONDON (Reuters) – India’s Unitech must repay a $150 million loan to Deutsche Bank, but a smaller dispute can go to trial, a UK judge ruled on Friday, in a case which could set a precedent for whether a Libor interest-rate rigging scandal can invalidat…
JPMorgan’s Whale deal with regulators leaves much unsettled
(Reuters) – The “London Whale” trading scandal, once dismissed as a “tempest in a teapot” by JPMorgan Chase & Co CEO Jamie Dimon, is costing the largest U.S. bank $920 million in penalties and a rare public admission of wrongdoing.
Monte Paschi seeks to avert nationalization with turnaround plan
MILAN/ROME (Reuters) – Italy’s scandal-hit Monte dei Paschi di Siena will next week unveil a drastic turnaround plan for the bank to meet European Union demands and try to lure investors in a make-or-break attempt to avoid nationalization.
Deutsche Bahn trims Siemens train order: document
FRANKFURT (Reuters) – Germany’s Deutsche Bahn has trimmed an order for next-generation high-speed trains built by Siemens by almost 1 billion euros ($1.4 billion), an internal Deutsche Bahn document seen by Reuters showed.
