Nikkei surges as wilting yen sends ripples across Asia
TOKYO (Reuters) - Japanese equities soared to 5-1/2-year highs on Friday, with the dollar sailing past the symbolic 100 yen level and beefing up the outlook for Corporate Japan, but shares elsewhere in Asia retreated as global equities paused overnight from recent rallies. European stock markets will likely inch higher after the pan-European FTSEurofirst <.fteu3> closed flat overnight to stay near five-year highs. Financial spreadbetters predicted London's FTSE 100 <.ftse>, Paris's CAC-40 <.fchi> and Frankfurt's DAX <.gdaxi> would open up as much as 0.2 percent. <.l><.eu/>
Icahn, Southeastern propose alternative to Dell buyout deal: WSJ
(Reuters) - Activist investor Carl Icahn and Southeastern Asset Management Inc, two of Dell Inc's
TSX retreats on banks, golds despite Canadian Tire surge
TORONTO (Reuters) - Canada's main stock index fell on Thursday as weakness in financial and gold-mining stocks overshadowed a jump in Canadian Tire Corp
YouTube starts paid subscription service
(Reuters) - Google's
China issues new rules targeting wealth management fund pools: sources
SHANGHAI (Reuters) - China's bond market regulator closed off a loophole on Friday that allowed banks that sell high-yielding wealth management products (WMPs) to evade regulatory requirements by moving money between the WMP accounts they manage and their own proprietary accounts, bond traders at four Chinese banks told Reuters. The four traders, who spoke on condition of anonymity because they are not authorized to speak to media, told Reuters the China Government Securities Depository Trust & Clearing Co Ltd (CDC) and the Shanghai Clearing House had jointly notified commercial banks they could no longer trade bonds between their own proprietary accounts and the WMPs they manage for clients.
JPMorgan sued by California over 'illegal' debt collections
LOS ANGELES (Reuters) - California's attorney general sued JPMorgan Chase & Co
BofA sells $110 billion CMBS servicing rights portfolio to KeyBank
(Reuters) - Bank of America Corp
Paulson hedge fund puts hotel unit in bankruptcy to escape lawsuit
(Reuters) - Billionaire investor John Paulson has put a real estate unit of his hedge fund into bankruptcy to thwart a lawsuit by a lender that claims it is owed tens of millions of dollars related to the recent sale of several luxury resorts. According to filings late Wednesday in Manhattan bankruptcy court, MSR Hotels & Resorts Inc. sought Chapter 11 protection from creditors to sell its remaining assets and wind down.
ABB Chief Hogan to stand down for private reasons
ZURICH (Reuters) - ABB Chief Executive Joe Hogan is leaving the company for what it said were private reasons. His departure date has not yet been decided. Hogan joined the Swiss industrial group as CEO in September 2008, and has invested some $20 billion to strengthen the company since then, including the major acquisitions of U.S. groups Baldor and Thomas & Betts and, in April this year, solar energy company Power One
After rough patch in China, Yum looks to repair image
SHANGHAI (Reuters) - Yum Brands Inc
Source: http://news.yahoo.com/ca-business-summary-000909958.html
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