Exclusive: Community Health, others interested in Health Management
NEW YORK (Reuters) – Health Management Associates Inc has attracted interest from Community Health Systems Inc and other rivals about buying the $4 billion hospital operator, three people familiar with the matter said on Tuesday.
‘Fabulous Fab’ lawyer wants email excluded from trial
NEW YORK (Reuters) – An infamous email in which former Goldman Sachs vice president Fabrice Tourre referred to himself as “the fabulous Fab” should not be introduced at his securities fraud trial, his lawyer said on Tuesday.
Risk council designates AIG, GE Capital for tougher oversight
WASHINGTON (Reuters) – The U.S. financial risk council on Tuesday said it has designated American International Group and GE Capital as systemically risky, bringing them under stricter regulatory oversight.
Analysis: Departure of Barnes & Noble CEO may put focus on retail
NEW YORK (Reuters) – The sudden resignation on Monday of Barnes & Noble Inc’s chief executive could indicate the struggling bookseller is closer to breaking up and returning to basics: bookstores.
NYSE Euronext to take over scandal-hit Libor
LONDON (Reuters) – The U.S. owner of the New York Stock Exchange announced Tuesday it will take over the running of Libor, the benchmark interest rate at the center of a global rigging scandal, in a move that Britain’s financial regulator said would re…
For cost-crunching retailers, Bangladesh reigns supreme
TIRUPUR, India (Reuters) – With knitwear exports of over $2 billion a year, India’s garment manufacturing hub Tirupur has earned the nickname “Dollar City,” but its allure for price-conscious global retailers obsessed by discounts of as little as one U…
As Japan PM Abe weighs labor reform, IBM emerges as test case
TOKYO (Reuters) – When 27-year IBM veteran Martin Jetter came to Tokyo last year, the new president of the technology giant’s Japanese arm had a radical idea: hold workers accountable for performance.
British lawmakers recall Murdoch over phone-hacking evidence
LONDON (Reuters) – British lawmakers said on Tuesday they would recall media mogul Rupert Murdoch to clarify evidence he gave to them last year after he was secretly recorded belittling a police inquiry into alleged crimes committed by journalists on h…
Big banks face tougher lending rules than global rivals
WASHINGTON (Reuters) – The eight biggest U.S. banks will need to hold twice as much equity capital as required globally under a new rule launched by U.S. regulators on Tuesday, intended to protect taxpayers from any future costly bailouts.
Lawyer’s record 12-year prison term for insider trading is upheld
(Reuters) – A record 12-year prison sentence for insider trading given to a former lawyer in connection with a tipping scheme that stretched over 17 years was upheld on Tuesday by a federal appeals court.
