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SunEdison creditors launch lawsuit against lenders in bankruptcy battle

By Jessica DiNapoli NEW YORK (Reuters) – A group of SunEdison Inc lenders took control of the renewable energy developer after inking a “sweetheart deal” to try to save their investment as the company approached bankruptcy, hurting other creditors, according to a lawsuit filed late Thursday in U.S. bankruptcy court. SunEdison transferred “hundreds of millions of dollars” to the lenders, which included buyout firms Apollo Global Management LLC…

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SunEdison creditors launch lawsuit against lenders in bankruptcy battle

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‘Flash crash’ thrashes sterling; dollar slides on U.S. jobs data

By Richard Leong and Gertrude Chavez-Dreyfuss NEW YORK (Reuters) – Sterling plunged on Friday after what traders called a “flash crash” knocked the currency to a 31-year low, while the dollar slipped on news of unexpectedly weak U.S. jobs growth in September. “I think it’s a warning shot from the markets to the UK about what type of potential volatility …

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‘Flash crash’ thrashes sterling; dollar slides on U.S. jobs data

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Oil ends up 3 percentt as OPEC meets; volatility hits post-Doha high

NEW YORK/LONDON (Reuters) – Oil settled up 3 percent on Monday as the world's largest producers gathered in Algeria to discuss ways to support prices, with nervous trade driving volatility to its highest since a similar meeting to freeze output in April in Doha which failed. The Organization of the…

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Oil ends up 3 percentt as OPEC meets; volatility hits post-Doha high

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U.S. import prices post first drop in six months, but trend improving

U.S. import prices fell for the first time in six months in August on weak petroleum and food costs, but the declining trend is slowing as oil prices stabilize and

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U.S. import prices post first drop in six months, but trend improving

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U.S. import prices post first drop in six months, but trend improving

U.S. import prices fell for the first time in six months in August on weak petroleum and food costs, but the declining trend is slowing as oil prices stabilize and the dollar's rally fades. Import prices slipped 0.2 percent last month after gaining 0.1 percent in July. August's drop was the first since February and was led by a 2.8 percent decline in petroleum prices.

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U.S. import prices post first drop in six months, but trend improving

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Bayer’s Monsanto acquisition to face politically charged scrutiny

WASHINGTON D.C./NEW YORK (Reuters) – As the global agricultural sector races to consolidate, Bayer AG's $66 billion all-cash deal to acquire Monsanto Co will test growing political and consumer unease in the United States and abroad over…

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Bayer’s Monsanto acquisition to face politically charged scrutiny

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Bayer’s Monsanto acquisition to face politically charged scrutiny

WASHINGTON D.C./NEW YORK (Reuters) – As the global agricultural sector races to consolidate, Bayer AG's $66 billion all-cash deal to acquire Monsanto Co will test growing political and consumer unease in the United States and abroad over the future of food production. Bayer’s pesticide-focused agricultural business has few overlaps with Monsanto's dominant seed franchise, according to the companies' executives. Monsanto and Bayer “have chosen to do a deal …

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Bayer’s Monsanto acquisition to face politically charged scrutiny

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Viacom says CEO Dauman to resign post immediately; Dooley steps in

By Jessica Toonkel NEW YORK (Reuters) – Viacom Inc said on Saturday that Chief Executive Philippe Dauman will resign immediately, marking a victory for the family of controlling shareholder Sumner Redstone in the battle for the $40 billion media empire. The settlement with Dauman also ends the legal fight between members of the Viacom board and Redstone's National Amusements Inc, the privately held company that holds 80 …

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Viacom says CEO Dauman to resign post immediately; Dooley steps in

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Philippine ex-bank manager out on bail in case linked to cyber heist

A Philippine court on Thursday released on bail a former branch manager of a Manila bank in a perjury case linked to the world's largest known cyber bank heist, police said. Unknown criminals tried to steal nearly $1 billion from the Bangladesh central bank account at the Federal Reserve Bank of New York in February and succeeded in transferring …

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Philippine ex-bank manager out on bail in case linked to cyber heist

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As technology shifts more layoffs loom at tech companies

By Malathi Nayak and Deborah M. Todd NEW YORK (Reuters) – Cisco Systems Inc's announcement on Wednesday that it plans to lay off 5,500 employees is unlikely to be the last round of Silicon Valley pink slips as hardware companies struggle to keep up with rapid technology shifts, analysts and recruiters said. The…

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As technology shifts more layoffs loom at tech companies

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