tuesday

US agency: AMR will seek to end worker pensions (Reuters)

Reuters – The U.S. Pension Benefit Guaranty Corp, which has responsibility for insuring certain benefits under private defined benefit pension plans, said on Tuesday it believes American Airlines will seek to terminate employee pensions in bankruptcy.

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US agency: AMR will seek to end worker pensions
(Reuters)

tuesday

Kodak employee sues company directors over stock (Reuters)

Reuters – An Eastman Kodak employee filed a civil lawsuit against Kodak’s board members and other fiduciaries of the photography companies’ retirement plans, saying they breached their duties as the company was spiraling toward bankruptcy.

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Kodak employee sues company directors over stock
(Reuters)

tuesday

NYSE CEO sees low odds for D.Boerse deal but hopeful (Reuters)

Reuters – NYSE Euronext Chief Executive Duncan Niederauer sees a 10 percent to 20 percent chance that his $9 billion merger with Deutsche Boerse (DB1Gn.DE) will be approved, but the low odds do not mean he is giving

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NYSE CEO sees low odds for D.Boerse deal but hopeful
(Reuters)

tuesday

GE jumps into retail banking with MetLife deal (Reuters)

Reuters – General Electric Co jumped into the retail deposits business on Tuesday, buying the online bank from life insurer MetLife Inc in a deal that will let GE’s capital arm expand its funding base and lessen reliance on wholesale markets.

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GE jumps into retail banking with MetLife deal
(Reuters)

tuesday

Japan to pay $114 million for each F-35 fighter jet (Reuters)

Reuters – Japan’s defense ministry said on Tuesday it would pay 8.9 billion yen ($114 million) for each of Lockheed Martin’s F-35 jet fighters in the initial stage of procurement.

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Japan to pay $114 million for each F-35 fighter jet
(Reuters)

tuesday

Bank of America shares close below $5 (Reuters)

Reuters – Bank of America Corp shares closed below $5 on Monday for the first time since March 2009 amid continued concern about its need to build capital.

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Bank of America shares close below $5
(Reuters)

tuesday

Fed’s No. 2 sees room for further monetary easing (Reuters)

Reuters – Janet Yellen, the Federal Reserve’s influential vice chair, said on Tuesday the U.S. central bank has room to ease monetary policy further, possibly by providing more information on the path of interest rates.

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Fed’s No. 2 sees room for further monetary easing
(Reuters)

tuesday

S&P cuts ratings on big banks after criteria change (Reuters)

Reuters – Standard & Poor’s reduced its credit ratings on 15 big banking companies, mostly in the Europe and the United States, on Tuesday as the result of a sweeping overhaul of its ratings criteria.

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S&P cuts ratings on big banks after criteria change
(Reuters)

tuesday

American Airlines files for bankruptcy (Reuters)

Reuters – American Airlines filed for bankruptcy protection on Tuesday to cut labor costs in the face of high fuel prices and dampened travel demand, capping a prolonged descent for what was once the largest U.S. carrier.

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American Airlines files for bankruptcy
(Reuters)

tuesday

FCC to let AT&T pull merger application (Reuters)

Reuters – Communications regulators released a staff report criticizing AT&T Inc’s $39 billion plan to purchase T-Mobile USA, even though they agreed on Tuesday to let the companies withdraw their request for approval.

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FCC to let AT&T pull merger application
(Reuters)

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