Cash hard to raise as Fed jars credit markets
(Reuters) – Prospective borrowers ranging from U.S. companies to county governments on Monday shelved a raft of deals to raise new capital or refinance debt as a suddenly uncertain interest rate environment dented demand.
Exclusive: Men’s Wearhouse’s ousted founder mulls possible comeback
(Reuters) – Men’s Wearhouse Inc founder and longtime commercial spokesman George Zimmer is pondering options that could include trying to stage a comeback after he quit the clothing company’s board on Monday, two people familiar with the matter said.
Wall Street ends down but off lows as bond prices gain
NEW YORK (Reuters) – Stocks fell more than 1 percent on Monday, adding to a sell-off built on concerns about reduced stimulus from the Federal Reserve and on overnight losses in Chinese equity markets.
Spanish investors to berate Bankia executives at annual meeting
MADRID (Reuters) – Thousands of ordinary investors who lost money when Spain’s Bankia had to be bailed out barely a year after its stock market listing intend to protest at the lender’s annual general meeting on Tuesday.
World’s bankers meet, pressing for clarity on regulatory change
PARIS (Reuters) – Top bankers and policymakers from around the world will search for ways to kick-start Europe’s economy and seek clarity on regulatory changes at this week’s conference of the financial industry’s global trade body.
Navistar CFO Andrew Cederoth resigns
(Reuters) – Navistar International Corp said Chief Financial Officer Andrew Cederoth would leave the company by the end of June, the latest management change at the truck and engine maker looking to recover from a disastrous engine redesign.
Demand Media acquires e-commerce marketplace for $94 million
(Reuters) – Demand Media, the owner of content websites eHow, Livestrong and Cracked, said on Monday it had acquired the e-commerce marketplace Society6 for $94 million in cash and stock as the company diversifies its business model.
Ford, UAW tackle blue-collar healthcare costs with new program
DEARBORN, Michigan (Reuters) – Ford Motor Co is launching a two-year pilot program with the United Auto Workers and a UAW-affiliated retiree trust fund aimed at lowering the cost of providing medical care for the company’s active and retired hourly wor…
Exclusive: BRICS nations monitoring ‘complex’ global markets – source
BRASILIA (Reuters) – Major emerging-market economies are paying close attention to “new and complex” developments in global financial markets and want closer coordination of their macroeconomic policies, a diplomatic source briefed on the matter told R…
Major law firms Weil, Patton Boggs face layoffs, defections
NEW YORK (Reuters) – In a sign that the financial challenges buffeting the law industry continue unabated, two major U.S. firms are facing significant staff reductions.
