Paschi Said Failing to Lure Investors as State Readies Aid
Banca Monte dei Paschi di Siena SpA will probably fail in its effort to raise 5 billion euros ($5.2 billion) of funds from money managers and individuals as potential anchor investors balk and few bondholders agree to swap their notes into stock, said people with knowledge of the matter.Qatar’s sovereign-wealth fund, which had considered an investment, hasn’t yet committed to buying shares, while a second debt-for-equity swap has raised less than 200 million euros through Monday, said the peopl..>> view originalRetailers agree to early holiday gift for 50000 on-call shift workers
An estimated 50,000 workers nationwide for and four other U.S. retailers are expected to get an early holiday present from their employers — new agreements to end on-call work shift scheduling. USA TODAYFile photo taken in 2015 shows a boy looking at Star Wars toys and other memorabilia at a Disney Store in Santa Monica, California.(Photo: MIKE NELSON, EPA)An estimated 50,000 workers nationwide for Disney, Aeropostale and four other U.S. retailers are expected to get an early holiday pr..>> view originalGM cutting 1300 jobs at only plant inside Detroit
General Motors is cutting almost half the jobs at its only plant inside Detroit city limits. In another sign of slowing auto sales, the Detroit-Hamtramck plant will eliminate its second shift and about 1,300 of its 3,000 jobs. The layoffs will take place in March. GM said it will try to find jobs for the employees at other plants. The Detroit facility is the third GM plant to eliminate the second shift. Plants in Lansing, Michigan, and Lordstown, Ohio, announced layoffs in November, the f..>> view originalObama Said to Use 1953 Law to Restrict Offshore Drilling
President Barack Obama is preparing to block the sale of new offshore drilling rights in much of the U.S. Arctic and parts of the Atlantic, a move that could indefinitely restrict oil production there, according to two people familiar with the decision.Obama will invoke a provision in a 1953 law that gives him wide latitude to withdraw U.S. waters from future oil and gas leasing, said the people who spoke on condition of anonymity because the decision had not been announced. Until now the law h..>> view originalUS Stocks Rise as Dow Approaches 20000
The Dow Jones Industrial Average jumped Tuesday, putting it within 30 points of 20000—a milestone it has never reached. The blue-chip index rose 90 points, or 0.5%, to 19973 shortly after the opening bell. The S&P 500 added 0.4% and the Nasdaq Composite gained 0.5%. U.S. stocks have rallied for six weeks, bolstered by expectations that President-elect Donald Trump’s policies would boost growth and inflation and relieve...>> view originalFrontier still sorting through problems after weekend 'meltdown' at DIA
Please enable Javascript to watch this video DENVER -- Lines continued to grow at Denver International Airport on Tuesday morning after several Frontier Airlines flights were canceled, hundreds of passengers were stranded and luggage was lost in what the pilots union described as a "meltdown." A number of passengers continued to vent at the airline, saying while flights show to be on time, only after getting through security does it show otherwise. Several people have described travel ni..>> view originalWalgreens to Shed at Least 865 Rite Aid Stores to save Mega-Merger
It looks as though Walgreens Boots Alliance wba finally has a trick to convince the U.S. government to sign off on its $9 billion acquisition of Rite Aid rad . The trans-Atlantic drugstore operator said on Tuesday the combined company plans to sell at least 865 Rite Aid stores to small regional drugstore chain Fred’s fred for $950 million in cash. WBA said that if the FTC demanded a larger divestiture, Fred’s would be compelled to buy additional Rite Aid stores. In October 2..>> view originalAbenomics, Almost By Accident, Just Might Work for Japan Next Year
Abenomics, Almost By Accident, Just Might Work for Japan Next Year By Alex Frew McMillan | Dec 20, 2016 | 10:00 AM EST The news flow out of Japan does not reflect that the nation, with an economic output of $6.0 trillion per year, remains the third-largest in the world. It's as if the headline writers are stuck in the 1980s while the economy no longer is....1089 more words left in this article. To read them, just click below and try Real Money. Read the..>> view originalLinde, Praxair agree on outline for 50-50 merger
By Ludwig Burger | FRANKFURT FRANKFURT Linde AG (LING.DE), the German company that revived merger talks this month with U.S. rival Praxair Inc (PX.N), has come to an agreement with its counterpart on key aspects of an all-share deal to create a $65 billion industrial gases group.Under the proposed merger, existing Linde and Praxair shareholders would each own about 50 percent of the combined company and its chief executive would be based in the United States. The terms of the proposal were f..>> view originalUber's Loss Exceeds $800 Million in Third Quarter on $1.7 Billion in Net Revenue
Uber's Loss Exceeds $800 Million in Third Quarter on $1.7 Billion in Net Revenue Ride-hailing company's annual loss may hit $3 billion by year's end by December 19, 2016, 7:07 PM EST Even as Uber Technologies Inc. exited China, the company's financial loss has remained eye-popping. In the first nine months of this year, the ride-hailing company lost significantly more than $2.2 billion, according to a person familiar with the matter. In the third quarter, ..>> view original
Monday, January 23, 2017
Paschi Said Failing to Lure Investors as State Readies Aid and other top stories.
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