China Rongsheng shares suspended after job loss reports
HONG KONG (Reuters) – Trading in shares of China Rongsheng Heavy Industries Group Holdings Ltd , China’s largest private shipbuilder, was suspended on Thursday in the wake of media reports that said it had laid off 8,000 workers in recent months.
Egypt pound strengthens at Thursday forex auction
CAIRO (Reuters) – The Egyptian pound edged stronger at a central bank foreign exchange auction on Thursday, a day after the military ousted the country’s president, a banker said.
China probes British drugmaker GSK: report
SHANGHAI (Reuters) – China’s top economic planning agency has opened an investigation into pharmaceutical giant GlaxoSmithKline Plc’s operations in China, an official newspaper reported on Thursday, as foreign firms come under pressure from Beijing for…
China to grow 7.6 percent in second half; risks up: paper
SHANGHAI (Reuters) – China’s economy is expected to grow 7.6 percent in the second half of 2013, but risks of bad local government loans, slowing growth of central government revenue, diminished export competitiveness and industrial capacity are growin…
U.S. judges OK JPMorgan $546 million settlement with MF Global trustee, customers
NEW YORK (Reuters) – Customers of MF Global’s failed broker-dealer unit and the trustee overseeing its liquidation won court approval on Wednesday for a $546 million settlement with JPMorgan Chase & Co .
FCC approves Sprint-Clearwire-SoftBank deal: sources
WASHINGTON (Reuters) – U.S. regulators on Wednesday collected the final vote to approve the merger of Sprint Nextel Corp and SoftBank Corp , sources familiar with the situation said, clearing the last hurdle in the Japanese company’s drawn-out battle t…
FCC approves Sprint/Clearwire/SoftBank deal: sources
WASHINGTON (Reuters) – U.S. regulators on Wednesday collected the final vote to approve the merger of Sprint Nextel Corp and SoftBank Corp , sources familiar with the situation said, clearing the last hurdle in the Japanese company’s drawn-out battle t…
Zynga’s new CEO to get pay package worth some $50 million
SAN FRANCISCO (Reuters) – Don Mattrick, the head of Microsoft Corp’s Xbox business who will replace Zynga Inc founder Mark Pincus as chief executive next week, will get a hefty, largely stock-based compensation package of about $50 million in coming ye…
IRS proposes tax relief for some money fund investors
WASHINGTON (Reuters) – The Internal Revenue Service on Wednesday proposed new guidance to address some of the tax concerns the money market fund industry has raised about potential industry reforms.
Exclusive: Francisco Partners plans GXS IPO after exploring sale
NEW YORK (Reuters) – Buyout firm Francisco Partners LP said on Wednesday that GXS Worldwide Inc, the provider of electronic commerce services it has majority control of, was planning an initial public offering after it explored an outright sale of the …
