NEW YORK (Reuters) - Shares in Citigroup Inc <C.N>, one of the big financial companies bailed out by the U.S. government, rose more than 4 percent on Wednesday, while another, American International Group Inc <AIG.N>, jumped 10 percent.
The run-up built on Tuesday's momentum that coincided with ...More
NEW YORK (Reuters) - In September 2008, as Lehman Brothers was breaking into a million pieces, a young investment bank was pushing up through the rubble.
Pali Capital, a boutique firm specializing in derivatives and fixed-income trading, was one of the few financial outfits hiring traders and bankers -- often from the ...More
BERLIN (Reuters) - French Prime Minister Francois Fillon criticized the United States' handling of a multi-billion-dollar aerial tanker competition that saw Northrop Grumman <NOC.N> and European partner EADS <EAD.PA> drop out of the race.
"I think that the attitude of the American government on the matter of the air ...More
BRUSSELS (Reuters) - British Airways, American Airlines and Spain's Iberia have offered to cede a number of lucrative transatlantic slots in a bid to gain EU antitrust immunity for their alliance.
But rival Virgin Atlantic said the proposals were "woefully inadequate" and would lead to higher prices for consumers.
The ...More
WASHINGTON (Reuters) - U.S. wholesale inventories fell modestly in January, while sales rose to their highest level since October 2008, suggesting that inventories would continue to support economic growth in the first quarter.
The rise in sales pushed the inventory-to-sales ratio, a measure of how long it would take to ...More
DUBAI/LONDON (Reuters) - Lenders to Dubai World will get a range of options including full repayment once Abu Dhabi decides how much additional support it will provide its debt-strapped neighbor, sources close to the discussions said.
Bankers in London and the Gulf are divided over how Dubai should restructure the ...More
NEW YORK (Reuters) - Fertilizer producer Terra Industries Inc <TRA.N> said on Wednesday it plans to accept a "superior" $4.68-billion takeover bid from rival CF Industries Holdings Inc <CF.N> unless Yara International <YAR.OL> boosts its competing offer.
Yara, which bid $4.1 billion for Terra, has five ...More
MUNICH (Reuters) - Munich Re <MUVGn.DE> sees star investor Warren Buffett's stake in the reinsurer as evidence that he backs its long-term strategy aimed at creating stability, Munich Re's chief executive said on Wednesday.
"He would not have bought in if he didn't think our strategy good ...More
NEW YORK (Reuters) - Shareholders may have to wait for months to retrieve capital after U.S. regulators told banks not to increase dividends or buy back shares amid political and economic uncertainty surrounding the financial industry, the Financial Times reported on Wednesday.
Executives at JPMorgan Chase & Co <JPM.N> and ...More
NEW YORK (Reuters) - A dark corner of corporate America is being thrust into the harsh glare of disclosure.
New rules are forcing blue-chip companies to expose ties with their compensation consultants by making public business relationships, including how much they pay the advisers -- putting potential conflicts of interest in plain ...More
