Arrested prelate tells magistrates of secret accounts in Vatican
ROME (Reuters) – The Vatican department in charge of paying salaries and managing real estate acted improperly as a parallel bank, providing accounts to outsiders, an arrested prelate who worked there for 22 years has told Italian prosecutors.
AirBaltic may boost CSeries order, says delivery schedule intact
PARIS (Reuters) – AirBaltic will consider increasing its order for 10 Bombardier passenger jets following its first flight, the head of the Latvian airline told Reuters.
World Bank ties strategy to poverty-fighting goals
WASHINGTON (Reuters) – The World Bank, faced with a tight budget and greater competition for development funds, aims to become more selective in its lending, focusing on fragile states, sub-Saharan Africa, South Asia and other areas where it can have t…
Packaging Corp offers to buy Boise for $1.28 billion
(Reuters) – Packaging Corp of America said it would acquire smaller rival Boise Inc for about $1.28 billion to boost its container board capacity.
Chrysler IPO to bring shareholder battle to a head
MILAN (Reuters) – U.S. carmaker Chrysler plans to file documents this week that would allow its minority investor to sell shares in a stock market listing, bringing to a head a battle with majority owner Fiat which wants to take full control of the bus…
Stocks & bonds rally, dollar dips as Summers quits Fed race
LONDON (Reuters) – The U.S. dollar slid while bonds and shares rallied on Monday after the withdrawal of Lawrence Summers from the race to head the Federal Reserve suggested a more gradual approach to tightening monetary policy.
Roche picks Lufthansa boss Franz as new chairman
ZURICH (Reuters) – Roche has picked Deutsche Lufthansa Chief Executive Christoph Franz to succeed Franz Humer as chairman of its board, filling the top post at a time of change for the world’s biggest maker of cancer drugs.
Analysis: Europe, waiting for Germany, could be disappointed
PARIS (Reuters) – European policymakers have higher hopes than expectations of change in German policies after a general election next Sunday that has kept much European business on hold for months.
Boeing moves closer to South Korean fighter jet deal
SEOUL (Reuters) – Top decision makers in South Korea’s 8.3 trillion won ($7.64 billion) fighter jet tender have briefed the president on the outcome of an assessment process and told her that Boeing Co’s F-15 Silent Eagle was the sole eligible bid, a s…
Ford to install electric vehicle charging stations for employees
DETROIT (Reuters) – Ford Motor Co said on Monday it will install charging stations at more than 50 of its U.S. and Canadian offices and plants so that employees can refill their electric vehicle batteries at work.
