Australia’s Billabong says refinancing within reach as losses mount
SYDNEY (Reuters) – Australia’s Billabong International Ltd on Tuesday said it would conclude a refinancing deal within weeks as its annual net loss more than tripled and sales of its surf and streetware continued to decline in key markets including the…
Court reverses ruling on Sentinel loan in blow to BNY Mellon
CHICAGO (Reuters) – Bank of New York Mellon Corp may have to get in line behind former customers of Sentinel Management Group who are seeking to recoup money lost in the futures broker’s 2007 collapse, a U.S. appeals court ruled on Monday.
Ackman turns back on J.C. Penney, sells entire stake in retailer
(Reuters) – Hedge fund manager William Ackman, the biggest shareholder in J.C. Penney Co Inc, said on Monday that he sold his entire stake after his campaign to overhaul the retailer failed.
Bradway’s patient dealmaking brings Onyx to Amgen
New YORK (Reuters) – Investment banker turned biotech chief executive, Robert Bradway, staked a claim as a savvy dealmaker with Amgen Inc’s successful acquisition of Onyx Pharmaceuticals Inc for more than $10 billion.
U.S. judge tosses BofA suit vs FDIC over $1.7 billion investor losses
(Reuters) – A federal judge on Monday threw out Bank of America Corp’s lawsuit against the Federal Deposit Insurance Corp over $1.7 billion of investor losses stemming from the collapses in 2009 of a large regional bank and a large mortgage lender.
Starbucks to sell home-grown coffee to the Colombians
NEW YORK (Reuters) – Starbucks Coffee Company, which has exported coffee beans from Colombia for more than four decades, plans to open its first café in the Andean country in 2014 and serve only locally-grown coffee.
U.S. Air Force adds vendors to huge computer deal after protest
WASHINGTON (Reuters) – The U.S. Air Force has added eight companies to a contract valued at up to $6.9 billion for computer equipment and software, doubling the number of companies able to bid for separate work orders, the Pentagon said on Monday.
Schulze plans to start selling Best Buy shares later this year
(Reuters) – Richard Schulze, the founder and largest shareholder of Best Buy Co Inc , has informed the world’s largest consumer electronics chain about his plan to start selling its stock starting this fall, according to a regulatory filing on Monday.
Nasdaq trading halt exposes communication gaps when crisis hits
NEW YORK (Reuters) – The three-hour trading halt last week in Nasdaq stocks has raised questions about the exchange’s communications effort and whether procedures need to be established to keep the investing public informed when mishaps occur.
Mexico moving to grow trade ties with Asia
PLAYA DEL CARMEN, Mexico (Reuters) – Asia could become twice as important to Mexico as an export market over the next five years as the country strengthens trade ties with the fast-growing economies of the region, Mexican Economy Minister Ildefonso Gua…
