Avianca in Colombia cancels some domestic flights amid pay dispute
BOGOTA (Reuters) – Colombian airline Avianca has canceled 160 domestic flights through next Wednesday after pilots demanding higher pay refused to work overtime, the company said.
Work on financial transaction tax to go on, EU executive says
VILNIUS (Reuters) – The European Commission rebuffed on Saturday an EU legal opinion that questioned the legality of a planned financial transaction tax and said work on the levy in 11 European Union countries would go on.
Eurogroup head says banking agency won’t be delayed
VILNIUS (Reuters) – Work will pick up after Germany’s elections to set up a European agency that can order the restructuring or closure of any euro zone bank, the head of group’s finance ministers Jeroen Dijsselbloem said on Saturday.
Banks are still ‘too big to fail’, says SNB chairman
ZURICH (Reuters) – More still needs to be done to let global banks be wound down without harming the wider economy, Swiss National Bank Chairman Thomas Jordan said in a newspaper interview published on Saturday.
Peers bid for fittings maker Grohe, IPO still possible: sources
FRANKFURT (Reuters) – Three peers of Europe’s biggest bathroom equipment maker, Grohe , submitted final offers for the private-equity owned company by a Friday midnight deadline, three sources familiar with the deal told Reuters.
Samsung invests $500 million in new China facility: media
BEIJING (Reuters) – Samsung Electronics Co Ltd will invest $500 million to build a packaging and testing facility in northwestern China, the official China Daily reported on Saturday, as South Korea’s biggest company expands operations in China.
Unions fail to get fix from White House on key ‘Obamacare’ concern
WASHINGTON (Reuters) – Top labor leaders left the White House on Friday after an hour-long meeting with President Barack Obama, still looking for a way to address concerns that “Obamacare” will hurt their members’ healthcare plans.
Entergy to resubmit stalled ITC Holdings grid sale plan in Texas
HOUSTON (Reuters) – Entergy Corp will soon resubmit a plan to transfer its electric transmission assets to ITC Holdings to Texas regulators for a second look, company officials said Friday.
Exclusive: BlackBerry bidders may want to carve up business – sources
NEW YORK (Reuters) – A handful of potential bidders, including private equity firms, are lining up to look at BlackBerry Ltd, but initial indications suggest that interest is tepid and buyers are eyeing parts of the Canadian smartphone maker rather tha…
Analysis: Twitter may kickstart consumer-tech IPO train
SAN FRANCISCO (Reuters) – Since Facebook Inc’s messy initial public offering more than a year ago, the buzz in technology investment has mostly surrounded companies serving businesses rather than consumers – a situation Twitter’s imminent debut could h…
