Community Health to buy Health Management for $3.9 billion
(Reuters) – U.S. hospital chain Community Health Systems Inc said on Tuesday it would buy smaller Health Management Associates Inc for $3.9 billion to increase its base during the overhaul of the country’s healthcare system.
Peugeot bailout gets EU green light
PARIS/BRUSSELS (Reuters) – PSA Peugeot Citroen won EU approval for a 7 billion euro ($9.28 billion) state-backed debt rescue, keeping the French automaker afloat as it struggles to rein in losses.
Potash sector rocked as Uralkali quits cartel; price slump seen
MOSCOW (Reuters) – Russia’s Uralkali has dismantled the world’s largest potash cartel in a move that it expects to slash prices by 25 percent, heralding a reshaped industry and pummeling shares of companies that produce the key fertilizer ingredient.
JPMorgan to pay $410 million to settle power market case
NEW YORK (Reuters) – JPMorgan Chase & Co agreed on Tuesday to pay $410 million to settle allegations of power market manipulation in California and the Midwest, the latest in a series of high-profile inquiries by U.S. federal energy regulators.
Air France could cut 3,000 more jobs: union
PARIS (Reuters) – Air France could cut up to 3,000 more jobs as part of parent group Air France-KLM’s latest cost reduction plans, a union said, as Europe’s weak economy thwarts the carrier’s turnaround efforts.
Profit warning at thriving Chrysler unit hits Fiat
MILAN/DETROIT (Reuters) – Fiat’s U.S. unit Chrysler, which generates most of the group’s net profit, lowered its outlook as it struggled to fill orders due to parts shortages, hitting the Italian automaker’s shares.
Coach Inc sees weakness in North America; two more executives leave
(Reuters) – Coach Inc on Tuesday again reported soft sales at its North American stores as it continued to face tough competition for handbag shoppers, and the leather goods maker announced the departures of two more executives.
Top Barclays investor blasts ‘capricious and hostile’ regulators
LONDON (Reuters) – A top Barclays investor has blasted financial regulators for a “lack of stability or consistency” in capital requirements, warning they could undermine efforts to sell off government stakes in bailed out lenders.
Consumer confidence slips in July as outlook dims
NEW YORK (Reuters) – U.S. consumer confidence pulled back in July as consumers were less optimistic about the outlook for the economy and labor market, according to a private sector report released on Tuesday.
Barclays fights UK watchdog findings on Qatar deal
LONDON (Reuters) – Barclays said on Tuesday it was contesting the preliminary findings of a British regulatory probe into its commercial agreements with Qatari investors who led a rescue fundraising of the bank during the 2008 financial crisis.
