Earnings, jobs on tap after September rally
NEW YORK (Reuters) - As September’s surge fades into a fond memory, the question for the U.S. stock market is: Now what?
United Continental CEO to get $975,000 salary
NEW YORK (Reuters) - Airline company United Continental Holdings Inc. , formed Friday in the merger of UAL and Continental Airlines, said Chief Executive Jeff Smisek would receive an annual salary of $975,000.
AIG in talks to sell India fund unit: report
MUMBAI (Reuters) - U.S. insurer American International Group is in talks with potential buyers to sell its mutual funds business in India for roughly $10 million, according to a report in the Mint newspaper citing three unnamed people familiar with the matter.
Visa, MasterCard near antitrust settlement: report
NEW YORK (Reuters) - Visa Inc and MasterCard Inc are close to settling a Justice Department antitrust probe over credit card acceptance rules, the Wall Street Journal reported on Sunday, citing people familiar with the negotiations.
Rockefeller in talks to acquire Europa: report
LONDON (Reuters) - Rockefeller Group, the U.S. real estate company, in talks to buy a controlling stake in property fund manager Europa, the Financial Times reported on Monday.
IMF renews call for bank levy, global oversight
WASHINGTON (Reuters) - The International Monetary Fund has called for a new world system to dismantle troubled financial institutions and a levy on banks to pay for it.
Kuwait commits $1 bln to AIA IPO: source
HONG KONG, Oct (Reuters) - American International Group Inc received a $1 billion commitment from Kuwait Investment Authority for the IPO of its Asian unit, the first major investment inked before the mega offering’s roughly $15 billion launch.
AIG cut Asian unit IPO value to court investors: report
NEW YORK (Reuters) - AIG has lowered its valuation for the planned initial public offering of its Asian life insurance business, AIA, to secure a $1 billion commitment from the Kuwait Investment Authority and other cornerstone investors, the Financial Times reported on Sunday.
Verizon Wireless to pay refunds for billing errors
NEW YORK (Reuters) - Verizon Wireless in a statement Sunday said it will pay millions of dollars in refunds to 15 million cell phone customers who were erroneously charged for data sessions or Internet use.
China’s Wen supports stable euro ahead of EU summit
ATHENS (Reuters) - China pledged on Sunday to support a stable euro and not reduce its holdings of European government bonds in an effort to deflect criticism of its foreign exchange policy ahead of an EU-China summit this week.