GM'S LEGAL DEPARTMENT UNDER SCRUTINY
Federal prosecutors are scrutinizing whether employees inside
and outside GM's legal department concealed evidence from
regulators about a faulty ignition switch, potentially delaying a
recall of vehicles with the fatal problem, sources said.
CITIGROUP FACES CURBS ON HEDGE-FUND SALES
Citigroup faces restrictions that will prevent it from selling
investments in hedge funds and private-equity funds to wealthy
clients, following a recent deal with U.S. regulators.
DYNEGY TO BUY ASSETS FROM DUKE, ENERGY CAPITAL
Dynegy has agreed to pay $6.25 billion to buy 12,500 megawatts
of coal and gas generation assets from Duke Energy and Energy
Capital Partners, a deal that will nearly double its portfolio and
broaden its presence in the Midwest and eastern parts of U.S.
FOOT LOCKER PROFIT RISES 39%
Foot Locker said its fiscal 2Q profit jumped 39% to $92 million,
or 63c a share. The results outpaced Wall Street expectations, and
sales excluding newly opened and closed locations climbed a healthy
7%. Shares jump 4% premarket.
RBC'S CAPITAL-MARKETS UNIT DRIVES PROFITS
Royal Bank of Canada's capital-markets division contributed
nearly 27% of the bank's overall profit during its fiscal third
quarter, underscoring a risk dilemma facing one of the world's
largest lenders.
RUSSIA'S ROSNEFT TO ACQUIRE 30% OF N.Y.-LISTED OIL DRILLER
New York-listed North Atlantic Drilling said that Russia's
Rosneft would acquire 30% of its shares in exchange for cash and
150 of Rosneft's onshore drilling rigs.
GERMANY OKS RWE SALE OF DEA TO RUSSIAN ENTREPRENEUR
Germany approved the sale of RWE's oil and natural gas
exploration subsidiary Dea to an investment holding vehicle of
Russian entrepreneur Mikhail Fridman despite political tensions
over the situation in Ukraine.
ABN AMRO PROFIT CAPPED BY CHARGES
Dutch bank ABN Amro Group said Friday that one-off charges led
to a sharp drop in second-quarter profit but that its operational
performance continued to improve.
CANDY CRUSH SAGA RELEASED IN CHINA
Candy Crush Saga, one of the world's most successful mobile
games, has finally been released in China by the country's main
mobile game publisher Tencent Holdings.
LSE PLANS $1.56 BILLION RIGHTS ISSUE
London Stock Exchange Group said it plans to raise GBP938
million or $1.56 billion from a rights issue to help funds its
acquisition of asset manager Frank Russell Co.
CEZ LIKELY TO BID FOR ENEL'S STAKE IN SLOVAK PEER
CEZ is seriously considering bidding for Enel's 66% stake in
Slovak peer Slovenske Elektrarne, which analysts estimate could be
worth around EUR2 billion.
INDIA'S ARVIND TO BRING GAP STORES TO INDIA
India's Arvind said it plans to open retail outlets in India
with U.S. apparel retailer Gap. San Francisco-based Gap will work
with the Arvind unit, Arvind Lifestyle Brands to open stories in
Asia's third-largest economy.
AUSTRALIAN GAS PRODUCERS BOOST DIVIDENDS
Investors in Australia's energy sector have endured years of
uncertainty as companies toiled to build gas-export projects. Now
their patience is finally being rewarded as owners of liquefied
natural gas projects crank up their dividends.