Qatar Dreamliner returns to service after 10-day hiatus
FRANKFURT/DOHA (Reuters) – A Qatar Airways 787 Dreamliner grounded last week amid reports of a problem with an electrical panel in the aircraft has resumed flying, the airline said on Wednesday.
Pershing Square tax lien offers peek into Ackman strategy
NEW YORK (Reuters) – A federal tax lien slapped on a small company that William Ackman’s $12 billion hedge fund used nearly three years ago to acquire shares in a publicly traded liquor manufacturer is shedding light on his investment strategies.
Job cuts loom as EADS changes name to Airbus
PARIS (Reuters) – EADS will take the name of its flagship brand Airbus and target higher profits by combining defense and space units, Europe’s top aerospace group confirmed on Wednesday, in a move that could involve job cuts.
CIT clamps down on credit to some J.C. Penney vendors: source
NEW YORK (Reuters) – Commercial lender CIT Group Inc abruptly stopped funding some future shipments to struggling retailer J.C. Penney Co Inc , just months before the all-important holiday season, a source familiar with the situation said on Wednesday….
MetLife second quarter result falls on derivative losses
(Reuters) – MetLife Inc reported an 80 percent drop in second-quarter profit due to higher derivative losses.
Fed stays on track with bond buying, for now
WASHINGTON (Reuters) – The Federal Reserve on Wednesday said the economy continues to recover but is still in need of support, offering no indication that it is planning to reduce its bond-buying stimulus at its next meeting in September.
Under fire, Goldman offers way around warehouse lines
NEW YORK (Reuters) – Goldman Sachs responded to mounting political pressure and regulatory scrutiny of its Metro International metals business on Wednesday, by offering customers immediate access to aluminum stored in its warehouses.
Dell’s buyout teeters as it rejects voting change
NEW YORK (Reuters) – Michael Dell’s and Silver Lake’s $24.4 billion bid to take Dell Inc private suffered a blow on Wednesday after the company’s special committee rejected their request to change the voting rules in exchange for them offering $150 mil…
U.S. auto sales set to maintain hot pace in July
DETROIT (Reuters) – Long Island car dealer Gary Brown is enjoying the summer heat brought on by consumers’ increasing demand for new cars and trucks, and like the rest of the industry, expects sales in July will continue the trend.
Fidelity Contrafund sours on Apple, bolsters Tesla bet
BOSTON (Reuters) – Fidelity Contrafund manager Will Danoff cut his stake in Apple Inc 28 percent during the first half of the year, citing the iPhone maker’s “slowing growth profile.”
