European regulator preparing database on bankers
By Laura Noonan LONDON (Reuters) - The European Union will soon begin sharing information on how bankers fare in 'fitness and probity' tests in member states, making it harder for errant bankers to evade regulatory scrutiny by crossing national borders. The European Banking Authority's regulation…ReutersIsrael Corp unit plans 2 bln pound listing in London: report
JERUSALEM (Reuters) - A company being spun-off from Israel Corp , one of Israel's largest conglomerates, is planning a 2 billion pound ($2.98 billion) listing on the London Stock Exchange, the Sunday Times reported on Sunday. Israel Corp, controlled by billionaire Idan Ofer, announced last month it…ReutersIs the U.S. the Place to Be for Stock Investors?
Morningstar.com readers are all over the map on the question of how much of their equity allocation comes from the United States.MorningstarMaurice Levy Talks Succession At Publicis
Ending his 40 year reign.Business InsiderCanadian quotas sweeten profits for U.S. maple syrup farmers
For Vermont farmers Cecile and Tom Branon, the decade-long maple syrup boom allowed them to sell their 150 dairy cows and convert a team of working horses to pets while they focused on expanding their ...ReutersChile annual inflation speeds up in June to 1.9 percent
SANTIAGO (Reuters) - Chile's consumer price index rose 0.6 percent in June, the biggest increase in eight months and slightly above expectations as costs jumped for accommodation, electricity, fuel products and water, the government said on Saturday. Analysts in a Reuters poll had forecast a 0.5…ReutersECB's Noyer says forward guidance in line with mandate
AIX-EN-PROVENCE, France (Reuters) - The European Central Bank's decision to break with precedent by declaring it would keep interest rates at record lows for an extended period is fully in line with its mandate, ECB policymaker Christian Noyer said on Saturday. "Forward guidance is fully anchored…ReutersTrain carrying crude oil derails in Quebec
LAC-MEGANTIC, Quebec (AP) — A large swath of a town in eastern Quebec was destroyed Saturday after a train carrying crude oil derailed, sparking several explosions and forcing the evacuation of up to 1,000 people.Associated PressIn China, Nestle and Danone play it by the book
Swift responses from Swiss food company Nestle and French rival Danone to Beijing's announcement that it was investigating possible price-fixing of instant milk formulas are textbook examples of how firms ...ReutersA Startup Founded By Some Of Cisco's Most Prestigious Former Engineers Wants To Knock Cisco's Lights Out
These former Cisco employees have lined-up a bunch of big-name partners to help.Business InsiderIran central bank eliminates cheaper dollar rate: reports
By Yeganeh Torbati DUBAI (Reuters) - Iran's central bank has eliminated a subsidized, cheaper rate for foreign currency and reported a weaker official rate in its place, according to Iranian media and the central bank's website on Saturday. The Iranian rial has lost much of its value in the last…ReutersEconomy Is Down to the Consumer and Housing
With weak business investment and government cutbacks, the consumer and housing sectors will be the two main legs of growth in the current economy's unbalanced stool.MorningstarStocks end with strong gains after jobs report
NEW YORK (AP) — Stocks ended with a surge Friday after traders decided that a healthy job market mattered more than the Federal Reserve scaling back its economic stimulus.Associated PressFMC Technologies' $500M Order From PBR
FMC Technologies Inc. entered into a subsea equipment deal Petroleo Brasileiro S.A. or Petrobras.ZacksAlly's ResCap unit files bankruptcy plan
Residential Capital LLC, the mortgage lending unit of U.S. government-owned Ally Financial Inc , has filed a bankruptcy reorganization plan that calls for unsecured creditors to recover 36.3 cents on the ...ReutersFCC approval paves way for SoftBank, Sprint, Clearwire deals
By Alina Selyukh WASHINGTON (Reuters) - Japan's SoftBank Corp on Friday received the final approval it needed from U.S. regulators for its $21.6 billion bid to take control of Sprint Nextel Corp, the No. 3 U.S. wireless provider. All three members of the Federal Communications Commission voted in…Here, only goats can prevent airport fires
Last month, officials at San Francisco International Airport hired a herd of part-time employees to toil on the west side of the property and engage in an unusual — but environmentally frie
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