JAL shares jump on American Airlines, Delta talks
Japan Airlines (JAL) shares jumped on Monday following news that the struggling airline was in talks on investment by American Airlines and Delta Airlines. Read Full Article here.
Big mood shift seen in year after Lehman
U.S. stocks are poised to repeat their advance this week as investors bet that the economic recovery is gaining strength and company outlooks are turning rosier. Read Full Article here.
China plans anti-dumping probe of U.S. autos, chicken
China's commerce ministry said on Sunday it had launched an anti-dumping investigation into imports of U.S. chicken products and vehicles, as the foreign ministry slammed the United States for protectionism. Read Full Article here.
Take Starbucks profits, buy some coffee: Barron's
Starbucks investors should consider taking their profits and buying a cup of coffee instead of overvalued shares, Barron's said on Sunday. Read Full Article here.
J&J in talks to reduce $1.5 bln Elan deal price: source
U.S. health-care firm Johnson & Johnson is in talks to cut the price of a $1.5 billion deal with Irish drugmaker Elan Corp , a source familiar with the negotiations said on Sunday. Read Full Article here.
Private equity firms look to take cos public
Efforts by private equity firms to sell stakes in portfolio companies through initial public offerings continued late this week as two North American companies took steps toward coming to market. Read Full Article here.
Millions in German Opel aid bound for Russia, says report
Hundreds of millions of euros in German state aid planned for carmaker Opel is earmarked for operations in Russia, an Opel trustee with reservations about the project was quoted as saying in a newspaper interview. Read Full Article here.
BIS says clearing derivatives not enough to cut risks
Central clearing of privately traded derivatives contracts won't be enough to make the $600 trillion sector safe, while clearing of some bespoke trades may not be desirable, the Bank of International Settlements said. Read Full Article here.
Cadbury chairman Carr says Kraft bid unappetising
Cadbury turned up the heat in its defence against a takeover from Kraft as its Chairman Roger Carr said it was an unappealing prospect being absorbed into Kraft's low growth conglomerate business model. Read Full Article here.