NEW YORK (Reuters) - Deutsche Bank AG <DBKGn.DE> is considering a stock sale to raise up to 9 billion euros ($11.4 billion), Bloomberg reported on Thursday citing three sources.
The German bank has reportedly approached investment banks to gauge their interest in managing the stock sale, the sources said ...More
DETROIT (Reuters) - Ford Motor Co <F.N> will host a meeting for its Lincoln dealers in early October to discuss its plans for re-energizing a brand that has long trailed luxury market competitors such as Cadillac and Mercedes.
The meeting set for October 4 at Ford's Dearborn, Michigan, headquarters ...More
NEW YORK/MELBOURNE (Reuters) - Cerberus Capital Management <CBS.UL> was the mystery firm that was interested in the wine business of Foster's Group Ltd <FGL.AX>, a source briefed on the situation said, confirming a report on Wednesday by The Australian newspaper.
Foster's, Australia's largest brewer, said ...More
NEW YORK (Reuters) - New York state attorney general candidate Sean Coffey on Thursday said he was the only contender qualified to police Wall Street and called Democratic rivals career politicians fixated on becoming governor.
Coffey is one of five Democrats seeking the nomination to succeed Andrew Cuomo and Eliot Spitzer ...More
MADISON, Wis. (WTAQ) - It’s been over a year since the federal “Cash for Clunkers” program gave a boost to new car sales.
But now, some are blaming the program for a shortage of high-quality used cars. “Cash for Clunkers” offered up to $4,500 toward the purchase of a ...More
PARIS (Reuters) - French drugmaker Sanofi-Aventis <SASY.PA> poured cold water on reports it had raised its offer for Genzyme <GENZ.O>, saying it was sticking to its bid of $18.5 billion, or $69 per share.
"There is one offer, at $69 a share," spokeman Jean-Marc Podvin said on Thursday ...More
LOS ANGELES/CHICAGO (Reuters) - McDonald's Corp's <MCD.N> European sales growth fell in August from the sizzling levels it experienced for much of the year due to weakness in France, which generates the company's biggest European sales, and its shares fell nearly 3 percent.
The world's ...More
LONDON (Reuters) - The Bank of England kept interest rates at 0.5 percent for the 18th month in a row and announced no new quantitative easing purchases, in a widely expected decision on Thursday.
British inflation was 3.1 percent in July, well above the central bank's 2 percent ...More