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Tata Steel to launch UK sale process by Monday: UK minister
April 6, 2016 by creative · Leave a Comment
India's Tata Steel will launch the formal sale process for its British assets by Monday and give a “reasonable” timeframe to find a buyer, Britain's business minister said after meeting the company's chairman in Mumbai. Prime Minister David Cameron's government has sought to broker a deal with potential buyers after Tata Steel put its British operations up for sale last week, threatening thousands of jobs. Tata had said it wanted…
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Tata Steel to launch UK sale process by Monday: UK minister
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Fiat Chrysler cuts 1,300 workers in Michigan, scraps shift
April 6, 2016 by admin · Leave a Comment
By Bernie Woodall DETROIT (Reuters) – Fiat Chrysler Automobiles said on Wednesday it is laying off about 1,300 workers indefinitely and ending one of the two shifts at its Sterling Heights, Michigan plant that makes the slow-selling midsize Chrysler 200 sedan. U.S. sales of the Chrysler 200 were down 63 percent in the first three months of this year from a year earlier, as FCA has de-emphasized sales of the model which had been often sold to rental agencies. The company did not say how long it would continue to make …
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Fiat Chrysler cuts 1,300 workers in Michigan, scraps shift
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Swiss police raid UEFA as Panama Papers scandal spreads
April 6, 2016 by creative · Leave a Comment
ZURICH/REYKJAVIK, (Reuters) – Swiss police raided the European soccer body UEFA on Wednesday to seize information about a contract disclosed in the Panama Papers that was signed by Gianni Infantino, now head of the global soccer body FIFA. The impact of the leaked documents from a Panamanian law firm is snowballing, with Iceland facing a political crisis after its prime minister stepped aside on Tuesday following revelations about his wife's finances. Recently elected Infantino joined a growing list …
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Swiss police raid UEFA as Panama Papers scandal spreads
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U.S. sues to block Halliburton-Baker Hughes deal, says anti-competitive
April 6, 2016 by elegant · Leave a Comment
By Diane Bartz and Terry Wade WASHINGTON/HOUSTON (Reuters) – The U.S. government filed a lawsuit on Wednesday to stop Halliburton Co from buying Baker Hughes Inc , arguing the combination of the No. 2 and No. 3 oil services…
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U.S. sues to block Halliburton-Baker Hughes deal, says anti-competitive
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U.S. weakens retirement advice rule, responding to industry
April 6, 2016 by admin · Leave a Comment
By Suzanne Barlyn and Lisa Lambert WASHINGTON (Reuters) – A new U.S. rule aimed at protecting retirement savers from profit-hungry brokers turned out to be much weaker than an initial proposal after the Obama administration bowed to pressure from the financial services…
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U.S. weakens retirement advice rule, responding to industry
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U.S. weakens retirement advice rule, responding to industry
April 6, 2016 by creative · Leave a Comment
By Suzanne Barlyn and Lisa Lambert WASHINGTON (Reuters) – A new U.S. rule aimed at protecting retirement savers from profit-hungry brokers turned out to be much weaker than an initial proposal after the Obama administration bowed to pressure from the financial services industry. The rule, announced by the Department of Labor on Wednesday, sets a so-called fiduciary standard for financial brokers who sell retirement products, requiring them to put clients' best interests ahead of their bottom line. The language is tougher than an existing rule that …
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U.S. weakens retirement advice rule, responding to industry