Escalating dispute at Gulf Keystone pushes down share price
LONDON (Reuters) – An escalating dispute between Gulf Keystone and a group of shareholders drove down the oil company’s shares on Monday, 10 days ahead of crucial votes which will decide the composition of the board.
More British bankers earn 1 million euros than in rest of EU: study
LONDON (Reuters) – More bankers in Britain earned 1 million euros ($1.3 million) in 2011 than in the rest of the European Union combined and would easily bust a planned cap on bonuses, figures from the bloc’s banking regulator showed on Monday.
Loblaw to buy Shoppers in $11.9 billion bid to defend Canadian turf
(Reuters) – Loblaw Cos Ltd, Canada’s largest food retailer, will buy Shoppers Drug Mart Corp, the country’s biggest pharmacy chain, for C$12.4 billion ($11.9 billion) to bulk up against intensifying competition from U.S. retail giants as well as from c…
Starved of credit, construction suppliers lag housing rebound
(Reuters) – When marketing executive Vanessa Sobers moved to Houston to take up a new job, she decided to buy her own home.
UK fraud prosecutor charges two brokers in Libor probe
LONDON (Reuters) – Britain’s fraud prosecutor on Monday charged two former brokers at interdealer broker RP Martin with conspiracy to defraud, stepping up its investigation into the rigging of Libor benchmark interest rates.
Boeing shares rise as preliminary probe finds no evidence of battery fault
(Reuters) – Shares of Boeing Co rose as much 3 percent in early trade on Monday as an investigation into a fire that broke out on a 787 Dreamliner in London did not blame the plane’s batteries.
Ex-Microsoft executive, former McDonald’s CEO join HP board
NEW YORK (Reuters) – Hewlett-Packard Co on Monday appointed three big-name directors, including former Microsoft Corp software chief Raymond Ozzie and former McDonald’s Corp CEO James Skinner, as it looks to beef up its board.
GSK used travel agencies for China bribes: police
BEIJING (Reuters) – Chinese police on Monday accused British drugmaker GlaxoSmithKline of channeling bribes to Chinese officials and doctors through travel agencies to boost sales illegally and raise the price of its medicines in the country.
Deepening Spanish credit crunch could hit banks, economy, says IMF
MADRID (Reuters) – Spain’s economic problems could tempt its banks to cut lending further, but they need to resist this and boost their capital ratios by cutting cash dividends or issuing new shares instead, The International Monetary Fund said.
Egypt billionaire Sawiris family to invest “like never before”
CAIRO (Reuters) – Egyptian tycoon Naguib Sawiris, whose family controls the sprawling Orascom corporate empire, says he and his brothers will be “investing in Egypt like never before” after the ousting of a president he accused of bullying opponents to…
