PRESS DIGEST- Financial Times - Dec 10
Dec 10 (Reuters) - The following are the top stories in the Financial Times. Reuters has not verified these stories and does not vouch for their accuracy.
FOREIGN BANKS WARN OVER CHINA LENDING LIMIT RULES
CARL ICAHN FORCES HIS WAY INTO HOLOGIC'S BOARDROOM
EADS CUTS JOBS AMID REDUCED DEFENCE SPEND
U.S. SELLS LAST OF ITS GENERAL MOTORS STAKE
SYSCO TO BUY US FOODS IN $8.2 BLN DEAL
Foreign banks in China have warned that they will lose a critical source of funding and revenue if Beijing enforces its new regulations to restrict interbank lending by domestic banks.
Medical device maker Hologic Inc appointed two directors backed by activist investor Carl Icahn to its board as part of a settlement with the billionaire.
Airbus parent EADS plans to cut 5,800 jobs at its defence businesses and close sites in Paris, Munich, Spain and Britain as it tries to lift its weak profit margins and cope with the steep cuts in European defence budgets.
The U.S. government said it had sold the last of its stake in General Motors, marking an end to a historic bailout of the country's biggest automaker.
Sysco Corp said it would buy rival US Foods Inc for$8.2 billion including debt, in a deal that will combine the top two U.S. food distributors.
- Search resumes for hundreds missing in South Korean ferry disaster |
- Separatists take armored vehicles, humiliating Ukraine forces |
- Ocean floor search for missing Malaysia plane cut short again
- BofA reports first quarterly loss since 2011 on lofty legal bill
- Ukraine launches 'gradual' operation, action limited |