News Corp sells Dow Jones’ Local Media Group
(Reuters) – Rupert Murdoch’s News Corp said on Tuesday that it has sold Dow Jones Local Media Group to a unit of Fortress Investment Group for an undisclosed sum.
Bank of America selling remaining stake in Chinese bank
HONG KONG/NEW YORK (Reuters) – Bank of America Corp said on Tuesday it started selling its remaining stake in China Construction Bank Corp (CCB) for as much as $1.5 billion, marking the final step of the U.S. bank’s multi-year exit from the asset.
Switzerland keeps crown as most competitive economy
GENEVA (Reuters) – Switzerland has kept its title as the world’s most competitive economy for the fifth year running, though it needs to resist any temptation to protect its core banking sector if it wants to stay top, the World Economic Forum said on …
S&P calls federal lawsuit ‘retaliation’ for U.S. downgrade
(Reuters) – Standard & Poor’s said on Tuesday the U.S. government filed a $5 billion fraud lawsuit against it in “retaliation” for its 2011 decision to strip the country of its “AAA” credit rating.
Job growth numbers may rise, cementing Fed tapering
WASHINGTON (Reuters) – U.S. employers likely stepped up hiring in August, potentially paving the way for the Federal Reserve to start cutting back its gigantic bond purchases program later this month.
Offshore tax-dodger dragnet widens with U.S.-Swiss bank deal: lawyers
WASHINGTON (Reuters) – The U.S. government, stepping up its pursuit of American offshore tax dodgers worldwide, stands to gather an abundance of leads through a bank information-sharing deal between the United States and Switzerland, tax lawyers said o…
Planned LinkedIn $1 billion stock offer is for expansion, products
SAN FRANCISCO (Reuters) – LinkedIn Corp said on Thursday it will sell an additional $1 billion of its Class A common stock as the Internet company moves to bolster product development and perhaps make more acquisitions.
Kodak emerges from bankruptcy with focus on commercial printing
(Reuters) – Eastman Kodak Co , the photography pioneer which invented the digital camera, emerged from Chapter 11 bankruptcy protection on Tuesday, with plans to continue as a smaller digital imaging company.
Shortages of key models temper auto sales growth in August
DETROIT (Reuters) – Youngstown, Ohio-based Chrysler Group LLC dealer Chuck Eddy typically has between 30 and 60 Chrysler 200 sedans on hand to sell to willing customers. Right now, he has six.
Morgan Stanley must pay ex-trader $8 million in flap over firing: panel
(Reuters) – Two Morgan Stanley units must pay $8 million to a former energy trader, who said the firms improperly terminated him for cause, after he declined to meet with New York law enforcement authorities during an investigation, arbitrators ruled.
