Stifel is now negotiating key aspects with Barclays, although a deal is not certain and Barclays could go back to other bidders that have made offers, the people said this week. The sources requested anonymity because the matter is not public, and a spokeswoman for Stifel and a spokesman for Barclays declined to comment. Barclays has been reaching out to potential acquirers for the business for several weeks because it
General Motors Co (GM.N) is recalling about 375,000 heavy duty pickup trucks equipped with passenger-side air bag inflators made by Takata Corp (7312.T), the U.S. automaker said. Subaru will expand its recall of 2004 and 2005 model Impreza compact cars with Takata air bags to about 80,000 from 20,000, the unit of Japan-based Fuji Heavy Industries also said on Friday. Both companies said they have received no reports of inadvertent
Discount retailer Dollar Tree Inc agreed to sell 330 Family Dollar Stores Inc stores to private equity firm Sycamore Partners to get antitrust approval for its $8.5 billion takeover of Family Dollar. Dollar …
The price for Altera could be as much as $54 per share, a 15 percent premium over its Thursday closing price of $46.97. Altera shares were up 4.2 percent at $48.96 during Friday morning trading in New York. Intel and Altera did not respond to requests for comment.
The Office of the Comptroller of the Currency (OCC) asked the No. 2 U.S. bank by assets to pay a penalty of $30 million due to non-home loan compliance with the Servicemembers Civil Relief Act (SCRA) and unsafe non-home debt collection litigation practices. The OCC, which regulates and supervises all national banks, also ordered “remediation” to about 73,000 affected customer accounts. “The enforcement action is intended to correct deficiencies in
The U.S. economy contracted in the first quarter as it buckled under the weight of unusually heavy snowfalls, a resurgent dollar and disruptions at West Coast ports, but activity already has rebounded modestly. The government on Friday slashed its gross domestic product estimate to show GDP shrinking at a 0.7 percent annual rate instead of the 0.2 percent growth pace it estimated last month. There was also a modest downward
The United States warned on Friday of a possible accident for the world economy if Greece and its creditors miss their June deadlines to avert a debt default.
U.S. telecoms regulators are leaning toward rejecting a T-Mobile US Inc (TMUS.N) request that more airwaves be set aside for smaller wireless companies like itself to bid on during a government auction next year, according to people familiar with the matter. Such a decision, which could be finalized in coming weeks, would end months of speculation and vigorous lobbying by the nation’s No. 4 cellular operator, which wants the Federal
It’s another down day on Wall Street. All three major indexes are solidly in the red today. Investors are also dealing with some ho-hum economic data as they continue to worry about the situation with Greece.
The government on Friday slashed its gross domestic product estimate to show it shrinking at a 0.7 percent annual rate instead of the 0.2 percent growth pace it estimated last month. There was also a modest downward revision to consumer spending.