HOLLANDE‘S NATIONALISATION THREAT TO MITTAL -
MOODY‘S FACES CURBS OVER BUFFETT LINKS -
Britain’s cabinet descended into finger-pointing on Tuesday as ministers turned on each other for failing to do more to deliver growth ahead of next week’s Autumn Statement.
HOLLANDE‘S NATIONALISATION THREAT TO MITTAL
Francois Hollande demanded on Tuesday that Lakshmi Mittal, the steel magnate, guarantee the long-term future of workers at a disputed plant in northern France.
A record number of U.S. companies have announced special dividends in recent months in order to escape higher taxes on equity income payments.
ConAgra Foods sealed a deal to buy Ralcorp Holdings for $5 billion, more than a year and a half after first bidding on it.
Hewlett Packard rebuffed a request by former Autonomy chief executive Mike Lynch to detail accusations of accounting fraud leveled against the British software company.
Muddy Waters Research on Tuesday warned that Olam, the Asian commodity business, runs a high risk of failure amid possible accounting “malfeasance”.
Mervyn King issued a rare apology on Tuesday over the appearance that the BoE’s independence to set monetary policy had been compromised.
Euro zone governments could be forced to accept losses on their rescue loans to Greece after Monday’s deal to overhaul its bailout failed to agree how to reach new debt targets.
MOODY‘S FACES CURBS OVER BUFFETT LINKS
Moody’s faces a ban on rating products issued by Warren Buffett’s Berkshire Hathaway in an EU clampdown on alleged conflicts of interest at credit rating agencies.