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Fed’s Williams says sees ‘smidgen’ slower rate hikes

January 31, 2016 by · Leave a Comment 

The Federal Reserve probably needs to keep U.S. interest rates lower for longer given headwinds from weak global economic growth, a stronger dollar and an unexpectedly sustained drop in oil prices, a top Fed official suggested on Friday. San Francisco Federal Reserve Bank President John Williams told …

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Fed’s Williams says sees ‘smidgen’ slower rate hikes

management

VW not under pressure to sell trucks business: trucks chief tells paper

January 31, 2016 by · Leave a Comment 

Volkswagen is not under pressure to sell its trucks business to raise cash as it faces billions of euros in costs after admitting to rigging emissions tests, management board member Andreas Renschler told a German newspaper. “The operating results of the Volkswagen group are good, despite everything. There won't be a fire sale,” Renschler, who also heads the trucks business at VW, was quoted as

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VW not under pressure to sell trucks business: trucks chief tells paper

management

Icahn buying up Time Warner shares: sources

January 12, 2016 by · Leave a Comment 

Billionaire activist investor Carl Icahn is building an equity stake in Time Warner Inc , people familiar with the matter said on Monday. Icahn's intentions when it comes to Time Warner are not yet known, the people said

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Icahn buying up Time Warner shares: sources

management

Porsche CEO seeks U.S. approval of diesel engine fix in January

January 12, 2016 by · Leave a Comment 

By Andreas Cremer DETROIT (Reuters) – Porsche is confident it will win approval from U.S. authorities by the end of January for plans to bring its larger diesel models capable of cheating U.S. emissions tests in line with the law, its chief executive said on Tuesday. Proposals submitted …

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Porsche CEO seeks U.S. approval of diesel engine fix in January

management

Exclusive: Billionaire Lasry’s junk fund stops voluntary reporting of asset levels

January 12, 2016 by · Leave a Comment 

A junk bond fund run by billionaire Marc Lasry's Avenue Capital Management, which has experienced heavy investment losses and investor withdrawals, has stopped voluntarily reporting daily asset figures to the mutual fund industry's top two tracking firms. Research chiefs for Morningstar and Lipper said on Monday they had not received daily asset under management figures from the Avenue Credit Strategies Fund since about mid-December. The fund is not required to report the …

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Exclusive: Billionaire Lasry’s junk fund stops voluntary reporting of asset levels

management

Adidas not facing shareholder pressure to sell Reebok: FT

December 29, 2015 by · Leave a Comment 

Adidas is not facing pressure from activist shareholders to offload more assets, like fitness brand Reebok, the German sporting goods group's finance chief told the Financial Times. “I've never had a conversation where anyone has given me any pressure about anything,” the FT quoted Robin Stalker as saying in an interview …

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Adidas not facing shareholder pressure to sell Reebok: FT

management

Fed’s Lacker says four rate hikes in 2016 would be ‘gradual’

December 20, 2015 by · Leave a Comment 

Federal Reserve forecasts pointing to four interest rate hikes in 2016 show what the U.S. central bank means when it says it anticipates raising rates at a “gradual pace,” Richmond Fed President Jeffrey Lacker said on Friday.

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Fed’s Lacker says four rate hikes in 2016 would be ‘gradual’

management

Martin Shkreli says securities fraud charges are ‘baseless’

December 20, 2015 by · Leave a Comment 

By Frank McGurty NEW YORK (Reuters) – Martin Shkreli, the pharmaceuticals entrepreneur vilified for jacking up the price of a life-saving AIDS drug, said on Saturday that unrelated securities fraud allegations that resulted in his arrest this week were “baseless and …

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Martin Shkreli says securities fraud charges are ‘baseless’

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WTO backs agricultural reforms, split on Doha

December 20, 2015 by · Leave a Comment 

By Edith Honan NAIROBI (Reuters) – The World Trade Organization reached deals on agricultural export subsidies, food aid and other issues on Saturday, capping a ministerial conference in the Kenyan capital where rich and poor countries had been split over

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WTO backs agricultural reforms, split on Doha

management

Martin Shkreli says securities fraud charges are ‘baseless’

December 20, 2015 by · Leave a Comment 

By Frank McGurty NEW YORK (Reuters) – Martin Shkreli, the pharmaceuticals entrepreneur vilified for jacking up the price of a life-saving AIDS drug, said on Saturday that unrelated securities fraud allegations that resulted in his arrest this week were “baseless and without merit.” Federal prosecutors have alleged that Shkreli was running a Ponzi-like scheme at his former hedge fund and a company he headed …

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Martin Shkreli says securities fraud charges are ‘baseless’

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