Detroit bankruptcy judge orders mediator to handle union talks
(Reuters) – The federal judge presiding over Detroit’s municipal bankruptcy ordered the mediator in the case to handle negotiations of collective bargaining agreements with the city’s unions.
Hutchison Whampoa gets at least seven ParknShop bids: sources
HONG KONG (Reuters) – Hutchison Whampoa Ltd , controlled by Asia’s richest man Li Ka-shing, has received at least seven offers for its Hong Kong supermarkets business, ParknShop, people familiar with the matter told Reuters on Friday.
SEC approves ICE’s planned takeover of NYSE
(Reuters) – The Securities and Exchange Commission has approved the takeover of NYSE Euronext by IntercontinentalExchange, according to a regulatory filing made available on the regulator’s website early on Friday.
U.S. consumer sentiment weakens in August
NEW YORK (Reuters) – U.S. consumers, bracing for higher interest rates and slightly slower economic growth, were a bit less optimistic in August as sentiment retreated from last month’s six-year high, a survey released on Friday showed.
J.C. Penney, Ackman set terms for future share sales
(Reuters) – J.C. Penney Co Inc has entered into an agreement with former board member and largest shareholder Bill Ackman that paves the way for him to completely walk away from the company.
TDF disappointed by bids for its French unit: sources
(Reuters) – Broadcast tower operator Telediffusion de France (TDF) received bids below the 4 billion-euro ($5.32 billion) asking price for its domestic unit, raising concern about its ability to seal a deal and repay debt, said three sources with knowl…
European car market grew nearly 5 percent in July: Germany’s VDA
FRANKFURT (Reuters) – Europe’s ailing car market grew in annual terms for only the second time this year in July, supporting hopes of a much-needed stabilization for battered producers in the second half of 2013.
L’Oreal seeks more China glow with $840 million bid for skincare firm
PARIS/HONG KONG (Reuters) – L’Oreal SA has offered to buy Chinese facial mask maker Magic Holdings International Ltd , a move that would put the world’s largest cosmetics group in the lead of the fastest growing sector in China’s $15 billion skincare m…
EU requests WTO panel on Chinese duties on steel tubes
BRUSSELS (Reuters) – The European Union has asked the World Trade Organisation to rule in a dispute over Chinese anti-dumping duties on imports of high-performance stainless steel seamless tubes from the EU.
EU wants one definition of bad loans for bank tests: source
LONDON/FRANKFURT (Reuters) – Banks across the European Union will be asked to use a single definition for bad loans in the upcoming review of their loan books, a senior EU regulatory source told Reuters, making it harder for banks to conceal the state …
