Fee details out on Verizon’s $12 billion bank loan
NEW YORK (Reuters) – Retail fee details are out on Verizon Communications Inc’s $12 billion in term loans, sources said.
Cargill picks new CEO to take over December 1
CHICAGO (Reuters) – Agribusiness Cargill Inc on Wednesday said its chief executive officer will step down on December 1 after six years on the job.
Analysis: Best Buy could climb higher if CEO Joly lives up to hype
NEW YORK (Reuters) – Even though Best Buy Co’s stock has tripled this year, riding on the success of CEO Hubert Joly’s turnaround strategy, many on Wall Street think the retailer’s resurgence isn’t over.
Sotheby’s to review capital plans, balance sheet
(Reuters) – Sotheby’s Inc said it will review its capital allocation strategy, two weeks after activist investors Daniel Loeb and Nelson Peltz revealed big stakes in the auction company.
VW drives overseas expansion as Europe hurts
FRANKFURT (Reuters) – Volkswagen is taking further steps to beef up its overseas operations as the German carmaker increasingly feels the pinch of slumping demand in ailing European markets.
Nissan’s Infiniti says to hit operating margin goal
FRANKFURT (Reuters) – Infiniti, the luxury brand of Japanese carmaker Nissan , will meet its operating profit margin target this fiscal year, its president said, reversing years of low profitability when exported cars suffered from a strong yen.
International Paper to close Alabama mill, lay off 1,100
(Reuters) – International Paper Co said it will close its Courtland, Alabama, paper mill by early next year, laying off 1,100 workers.
Another historic Swiss bank under U.S. tax spotlight
ZURICH (Reuters) – Swiss private bank Rahn & Bodmer is under investigation by U.S. authorities, it said on Wednesday, the latest bank to be targeted in lengthy dispute over tax evasion.
EADS taking time on M&A, A350 is on track: executive
PAU, France (Reuters) – EADS plans to adjust its portfolio as it reorganizes defense and space activities into a single division, but is in no hurry to embark on fresh deals, the European aerospace group’s strategy chief said on Tuesday.
G20 sherpa joins Russia’s central bank
MOSCOW (Reuters) – Russia’s central bank appointed Group of 20 summit coordinator Ksenia Yudayeva on Wednesday to a monetary policy role in a move likely to tilt decision-making towards more rate cuts over the longer term.
