U.S. puts conditions on Honeywell’s Intermec purchase
WASHINGTON (Reuters) – U.S. authorities on Friday cleared Honeywell International’s proposed purchase of mobile computing device maker Intermec on the condition that Honeywell license to a competitor certain key patents used in barcode scanners.
General Electric names PNC chairman to board of directors
(Reuters) – General Electric Co named PNC Financial Services Group Chairman James Rohr to its board of directors on Friday.
In post-Lehman clean-up, top banker prosecutions stumble
LONDON (Reuters) – Will top bankers’ behavior ever land them in jail? Or are bad business decisions even a crime at all?
Passive fund manager Vanguard turns activist in some board votes
(Reuters) – Fund manager Vanguard Group Inc opposed the election of board members in a number of high-profile proxy contests this year, votes that help explain why directors at firms such as Hewlett-Packard Co and Occidental Petroleum Corp had a hard t…
U.S. retail sales, consumer confidence point to soft economy
WASHINGTON (Reuters) – U.S. consumer confidence ebbed early this month and retail sales advanced just slightly in August, the latest indications of a lack of momentum in the economy.
Former JPM ‘Whale’ deputy argues he was just following orders: source
NEW YORK (Reuters) – A lawyer for a former JPMorgan Chase & Co employee who worked with “the London Whale” Bruno Iksil has been trying to convince U.S. prosecutors to drop criminal charges against his client, Julien Grout, a source familiar with the matter said on Friday.
New York banking regulator probes PwC, Promontory
NEW YORK (Reuters) – New York state’s banking regulator subpoenaed PricewaterhouseCoopers (PwC) and Promontory Financial Group as part of an effort to reform the consulting industry, according to people familiar with the matter.
UAW seeks VW’s blessing to represent Tennessee workers
DETROIT (Reuters) – The United Auto Workers would like Volkswagen AG to voluntarily recognize the U.S. union as the best choice to represent the German automaker’s workers at its Tennessee plant, the union’s president said on Thursday.
Telecom Italia says board member probed for insider trading quits
MILAN (Reuters) – Telecom Italia’s independent board member Elio Catania, who is being investigated for alleged insider trading, resigned on Friday, the company said.
Occidental seeks buyers for 40 percent of Middle East unit: report
(Reuters) – Occidental Petroleum Corp is looking to sell 40 percent of its Middle East operations for $8 billion, Bloomberg reported on Friday, as Oxy seeks investment in the unit as part of a broader plan to split up the company.
