Telefonica in fiber optic deal with Vodafone, Orange in Spain
MADRID (Reuters) – Spain’s biggest telecoms company Telefonica signed an agreement with rivals Vodafone and Orange on Tuesday, granting them access to its fiber optic network to roll out faster broadband for customers.
UK union to take postal privatization protest to London banks
LONDON (Reuters) – Trade unions opposing the privatization of the British postal service will hold a protest next week at the London offices of the banks advising the government on the float.
JP Morgan disciplined star banker in 2009 over emails
LONDON (Reuters) – Ian Hannam, one of London’s most prominent bankers who is fighting to clear his name after a 2012 fine for market abuse, was disciplined by his bank four years ago over his working practices, according to court documents.
SAC Capital posts strong June amid market selloff, U.S. probe
NEW YORK (Reuters) – SAC Capital Advisors, the hedge fund firm run by billionaire Steven A. Cohen that has been under intense scrutiny as part of an insider trading investigation, posted a surprisingly strong return in June amid a global market sell-of…
June jobs report likely to keep Fed tapering on track
WASHINGTON (Reuters) – Employers likely kept up a steady pace of hiring in June and the jobless rate probably dipped, which could keep the Federal Reserve on track to start curtailing its monetary stimulus later this year.
Exclusive: Providence’s Altegrity looks to sell $1 billion unit – sources
NEW YORK (Reuters) – Altegrity Inc, owned by private equity firm Providence Equity Partners, is looking to sell a division that provides background checks for private-sector employers and could fetch up to $1 billion, two people familiar with the matte…
JPMorgan’s oil trade head Frase moving to Noble: SparkSpread
NEW YORK (Reuters) – JPMorgan Chase & Co’s head of global oil trading, Jeff Frase, is leaving the bank to run Noble Group’s oil business, industry website SparkSpread.com reported on Tuesday.
Insight: Citigroup’s crown jewel is losing some luster
NEW YORK (Reuters) – Citigroup may be losing ground in a business that is central to its recovery plan, as rivals catch on to how much money the unit makes.
Exclusive: Cargill explores purchase of ADM’s cocoa unit – source
NEW YORK (Reuters) – Cargill Inc , one of the world’s leading cocoa traders, has explored the possibility of buying Archer Daniels Midland Co’s cocoa business, a source familiar with the situation said, a purchase that would create a global giant in th…
Exclusive: Carlyle’s CommScope explores IPO after $3.9 billion buyout
NEW YORK (Reuters) – Carlyle Group LP is weighing an initial public offering of CommScope Holding Company Inc, a telecommunications equipment provider it took private for $3.9 billion less than three years ago, two people familiar with the matter said …
