The battle to secure German shipping lender HSH
HAMBURG (Reuters) – Once the beacon of a brave new future for Germany’s publicly-owned regional banks, HSH Nordbank is now a focal point of concern over the sector.
Indonesia’s widening deficit takes toll on resource nationalism drive
JAKARTA (Reuters) – Indonesian policymakers are scrambling to ease nationalistic resource rules that threaten to slash mining exports from January and potentially widen a current account deficit already at a near-record high.
U.S. holiday sales expected to rise less than last year: ShopperTrak
(Reuters) – Sales at U.S. stores are expected to climb less this holiday season than in recent years as consumers remain cautious during a slow economic recovery, a forecast released Tuesday by research firm ShopperTrak showed.
Pentagon cites progress in fixing Lockheed F-35 business system
WASHINGTON (Reuters) – The Pentagon has reduced its withholding of progress payments on Lockheed Martin Corp’s F-35 fighter jet program to 2 percent from 5 percent after the company made “significant progress” toward fixing a deficient internal busines…
Citigroup must pay couple $3.1 million for not overseeing broker: panel
(Reuters) – A Citigroup Inc unit must pay $3.1 million to a Florida-based couple who alleged the firm did not properly supervise a broker who steered them to invest in a politician’s real estate developments that later went broke, a securities arbitrat…
Bombardier’s all-new CSeries makes inaugural flight
MIRABEL, Quebec (Reuters) – Bombardier Inc successfully flew its CSeries jetliner for the first time on Monday, kicking off a renewed effort to sell the all-new narrow-body plane, but raising questions about its development cost.
Insight: How freewheeling Twitter became a money-spinning juggernaut
SAN FRANCISCO (Reuters) – Around midnight on Christmas Eve of 2009, a handful of employees at Twitter received an unconventional holiday greeting from Dick Costolo, then the chief operating officer.
Insight: How freewheeling Twitter became a money-spinning juggernaut
SAN FRANCISCO (Reuters) – Around midnight on Christmas Eve of 2009, a handful of employees at Twitter received an unconventional holiday greeting from Dick Costolo, then the chief operating officer.
Northrop sees foreign sales opportunities for Global Hawk
NATIONAL HARBOR, Maryland (Reuters) – Northrop Grumman Corp on Monday said it expects expanded sales of its high-altitude unmanned Global Hawk aircraft, which passed 100,000 flight hours this month, with foreign countries including Canada, South Korea …
JPMorgan expects to settle Whale probes for about $700 million: source
(Reuters) – JPMorgan Chase & Co is close to settling civil law investigations into its London Whale derivatives loss and expects to pay about $700 million, according to a source familiar with the matter.
