Author Archives: Editor - Business News

25 European banks set to fail health checks: sources

FRANKFURT (Reuters) – A group of 25 banks have failed European health checks, while up to 10 of those continue to have a capital shortfall, two people familiar with the matter said on Friday, providing a snapshot of the health … Continue reading

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Ford’s lower profit beats estimates; sales down on F-150 launch

DETROIT (Reuters) – Ford Motor Co on Friday reported a 34 percent drop in third-quarter profit, and revenue fell due to the cost of introducing the F-150 pickup truck. Ford, which affirmed its full-year profit outlook, said earnings suffered from … Continue reading

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Deutsche Bank lawyer found dead by suicide in New York

BERLIN (Reuters) – A senior Deutsche Bank regulatory lawyer has been found dead in New York after committing suicide, New York City officials said on Saturday. Calogero Gambino, 41, was found on the morning of Oct. 20 at his home … Continue reading

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ECB faces test of its own as Europe braces for landmark banking review

FRANKFURT (Reuters) – After putting the euro zone’s top 130 banks through their paces, the European Central Bank will face a test of its own on Sunday – will its landmark health check succeed in convincing investors the region’s lenders … Continue reading

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China’s auto market growth may halve to 7 percent this year: industry body head

SHANGHAI (Reuters) – Growth in China’s auto market, the world’s biggest, will halve to 7 percent this year weighed down by a slowing economy, the head of an industry body said on Saturday. “Personally, I think growth this year can … Continue reading

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India’s finance minister favors interest rate cut: paper

NEW DELHI (Reuters) – India’s Finance Minister Arun Jaitley favors a cut in interest rates to trigger demand in the construction sector, a newspaper report said on Saturday, but the central bank has signal it will not ease policy until … Continue reading

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Areva-Siemens raises claim to $4.4 billion over Finnish reactor delays

HELSINKI (Reuters) – The French-German consortium Areva-Siemens (AREVA.PA)(SIEGn.DE), the supplier of Finland’s much-delayed Olkiluoto-3 nuclear reactor, has increased its claim against Finnish utility Teollisuuden Voima (TVO), TVO said late on Friday. TVO and Areva have traded accusations about who is … Continue reading

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Deutsche Bank lawyer found dead in apparent NY suicide: WSJ

BERLIN (Reuters) – Calogero Gambino, a senior Deutsche Bank (DBKGn.DE) regulatory lawyer, has been found dead in New York in what appears to have been a suicide, the Wall Street Journal reported on Saturday, citing New York City officials and … Continue reading

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Willkie Adds Another Ex-Kirkland Partner, Plus More Lateral Moves

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Former Am Law Associate Parasails to Paradise

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