Railway involved in Quebec derailment files for bankruptcy
WILMINGTON, Del (Reuters) – Montreal, Maine & Atlantic Ltd, the railway involved in last month’s deadly derailment in Lac-Megantic, Quebec, filed for Chapter 11 bankruptcy protection on Wednesday, saying the move would enable the company to preserve the value of its assets.
Seven bidders line up for TDF’s French unit: sources
LONDON (Reuters) – About seven bidders are lining up for Telediffusion de France’s (TDF) domestic business and lenders are preparing debt packages of more than 2 billion euros ($2.7 billion) for a deal worth about 4 billion euros, people familiar with …
Glencore, JPMorgan sued over warehouse aluminum prices
SINGAPORE/LONDON (Reuters) – Glencore Xstrata and JPMorgan Chase & Co face a U.S. lawsuit alleging they artificially inflated aluminum prices and disrupted supplies, as legal challenges related to metal warehousing piled up this week.
After strong second quarter, Time Warner’s ups year forecast, sets Time spinoff
(Reuters) – Hit movies and strong cable TV advertising boosted Time Warner Inc’s second-quarter profit, and the media company raised its profit forecast for the year and said the spinoff of its Time Inc magazine division would be early next year.
Fed’s Pianalto prepared for QE retreat if job gains continue
CLEVELAND (Reuters) – The Federal Reserve could soon begin reducing the pace of its bond-buying stimulus if recent improvement in the U.S. job market persists, the president of the Cleveland Fed, Sandra Pianalto, said on Wednesday.
Analysis: Forex hedging in vogue as U.S. investors target overseas shares
NEW YORK (Reuters) – U.S. investors who buy foreign stocks are increasingly looking at currency hedging, a strategy that has had a mixed track record.
Toyota recalling 342,000 Tacoma pickups For seat belt problem
DETROIT (Reuters) – Toyota Motor Corp said on Wednesday that it is recalling 342,000 Tacoma pickup trucks to fix defective seat belts.
Amgen deal for Onyx possible within week: sources
NEW YORK (Reuters) – Onyx Pharmaceuticals Inc is close to selling itself to larger rival Amgen Inc as the cancer drugmaker’s high stock price has discouraged other companies from making a counteroffer so far, according to three people familiar with the…
Honda to invest $215 million in Ohio operations
(Reuters) – Honda Motor Co said on Wednesday it will invest about $215 million in its Ohio manufacturing operations to add new powertrain technology and two training centers.
Bank of England ties rates to jobs, markets unconvinced
LONDON (Reuters) – The Bank of England broke with tradition on Wednesday, planning to keep interest rates at a record low until unemployment falls to 7 percent or below, which it said could take three years.
