reuters

Feds Evans says low inflation gives Fed breathing room Reuters

Reuters – Charles Evans, president of the Chicago Federal Reserve Bank, said on Monday he expects the U.S. economy to grow 3.0 to 3.5 percent over the next 18 months, but that low inflation will give the central bank room to keep monetary policy easy for an extended period. Read More Feds Evans says low [...]

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Sanofi to buy US group Chattem for 19 billion Reuters

Reuters – Sanofi-Aventis is to buy U.S. consumer healthcare group Chattem Inc for around $1.9 billion, in a deal which will give the French drugmaker over-the-counter presence in the huge United States market.
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GM names Microsofts Liddell as CFO Reuters

Reuters – General Motors Co said on Monday it had hired Chris Liddell, the chief financial officer of Microsoft Corp , as its new finance chief, filling a key position with the automaker’s highest-profile hire since its July bankruptcy. Read More GM names Microsofts Liddell as CFO
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Bucyrus to buy Terex mining unit for 13 billion Reuters

Reuters – Terex Corp , the world’s No. 3 maker of heavy earth-moving equipment, is to sell its mining business for $1.3 billion cash to mining equipment maker Bucyrus International Inc , the companies said on Sunday. Read More Bucyrus to buy Terex mining unit for 13 billion
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Mercer facing 28 billion lawsuit in Alaska report Reuters

Reuters – Mercer is facing a $2.8 billion lawsuit by the Alaska Retirement Management Board that alleges the human resources consulting firm made a number of errors in its work as the state’s actuarial consultant, according to a New York Times column published on Sunday. Read More Mercer facing 28 billion lawsuit in Alaska report
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Pimco Dubai triggers overdue correction in stocks Reuters

Reuters – Rising fears of a possible debt default at a Dubai state-owned conglomerate is the catalyst for an “overdue correction” in equities and risk assets, the chief executive of top bond fund manager Pimco said in an interview on Friday.
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