EU’s Almunia to discuss Monte Paschi bailout with Italian minister: source
CERNOBBIO, Italy (Reuters) – European Competition Commissioner Joaquin Almunia will discuss a state bailout of Italian bank Monte dei Paschi di Siena, which requires EU approval, at a meeting with Italy’s economy minister on Saturday, a source close to…
Fired MF Global workers to appeal dismissal of lawsuit
(Reuters) – MF Global employees fired after the broker’s epic collapse will appeal a court ruling dismissing their allegations that they were not given proper notice of their terminations.
Verizon sued by shareholder over $130 billion Vodafone deal
NEW YORK (Reuters) – Verizon Communications Inc has been sued by a shareholder seeking to void its $130 billion buyout of Vodafone Group Plc’s stake in the companies’ wireless joint venture on the grounds the price is too high.
Ford board open to earlier exit for CEO Mulally: sources
DETROIT (Reuters) – Ford Motor Co Chief Executive Alan Mulally, credited with driving a culture change that helped save the No. 2 U.S. automaker, may step down sooner than planned, according to people with knowledge of the matter.
Ford board open to earlier exit for CEO Mulally: sources
DETROIT (Reuters) – Ford Motor Co Chief Executive Alan Mulally, credited with driving a culture change that helped save the No. 2 U.S. automaker, may step down sooner than planned, according to people with knowledge of the matter.
Fed’s George favors cutting bond buys to $70 billion/month in Sept
OMAHA, Nebraska (Reuters) – The Federal Reserve should begin reducing monthly bond purchases at a meeting later this month in order to set monetary policy on a course for “gradual and predictable” normalization, a top U.S. central banker said on Friday…
Analysis: Waning investor demand opens door for first-time U.S. home buyers
WASHINGTON (Reuters) – Wall Street’s billion-dollar bargain hunt for homes in depressed markets across the United States appears to have plateaued, potentially helping to cool the steep run-up in home prices and bring first-time buyers back into the ma…
Rebel claimants in BP spill settlement get expedited hearing
(Reuters) – A U.S. appeals court will hold an expedited hearing for a small group of claimants in a Gulf spill settlement with BP Plc, with oral arguments set for the week of November 4, the court said on Friday.
U.S. regulators in talks with EU on energy price probe
LONDON/WASHINGTON (Reuters) – U.S. regulators are in talks to join European officials in their investigation of the oil markets, a European politician said, as both sides hunt for signs that trading benchmarks have been compromised.
Exclusive: Carlyle, Hellman among firms vying for One Call – sources
NEW YORK (Reuters) – Carlyle Group LP and Hellman & Friedman LLC are among the private equity firms competing for One Call Care Management Inc, a medical cost containment services company that is on the block for more than $1.5 billion, according to four people familiar with the matter.
