Activist investor Elliott seeks boardroom shakeup at Alliance Trust

Activist Elliott Advisors, the largest individual shareholder in Alliance Trust PLC (ATST.L), is seeking support from fellow investors for a boardroom reshuffle following a phase of unsatisfactory engagement with executives over poor performance.


Boeing production czar says planemaker won't repeat errors

Boeing Co (BA.N) is well-positioned to hit record production targets for its popular 737 jetliner by 2018, having learned from past mistakes, the head of its industrial system told Reuters.

China consumer show targets Volkswagen, Nissan, Mercedes

Car makers, including Volkswagen AG (VOWG_p.DE), Nissan Motor Co (7201.T) and Daimler AG's (DAIGn.DE) Mercedes Benz, said they are probing allegations aired late on Sunday by Chinese state TV that the firms oversold repairs and spare parts to drivers.

Bain-backed MYOB to file for $2.3 billion Australia IPO by end-March: sources

Bankers running the expected A$3 billion ($2.29 billion) initial public offering of Australian software firm MYOB Ltd, owned by Bain Capital, plan to file a prospectus for the sale by end-March, two people familiar with the matter told Reuters.


Latest News

Asian shares drifted higher on Monday after a downbeat session on Wall Street kept sentiment in check, while the euro recovered from a fresh 12-year low touched on the divergent monetary policy paths between the United States and the euro zone.
Global luxury brands expanding in China are better off targeting the HENRYs - "high earners, not rich yet" - instead of the ultra-wealthy, as a slowing economy and a government that frowns on official excesses usher in an era of less showy spending.
Greece's liquidity problems are "insignificant", the country's finance minister said on German television on Sunday, pledging that the Greek government would take all steps necessary to repay its debts.
Taxes are one of the few constants in life, but what happens when you change the way you do your return? People move or get divorced, tax preparers pass away.
A consortium of private equity firm KKR & Co LP (KKR.N), alternative investment manager Varde Partners and Deutsche Bank (DBKGn.DE) has agreed to buy GE Capital's Australian and New Zealand consumer lending arm for A$8.2 billion ($6.26 billion).
Thousands of people are expected to march in Frankfurt on Wednesday to protest against austerity policies they blame on the European Central Bank, as the ECB inaugurates its new high-rise headquarters.
Oil prices have started to stabilize around $60 a barrel in past weeks and will continue to firm up, while crude demand will grow stronger, an adviser to Saudi Arabia's oil minister said on Sunday.
Selling fruit from a cart in a working-class neighborhood of Istanbul hasn't made Mehmet rich, but he's adamant his modest savings won't ever see the inside of a bank.
Subdued growth prospects at home are pushing mid-sized Spanish banks into foreign acquisitions that would have been impossible a few years ago as they struggled under the weight of bad loans.
For a world economy coming to terms with a soaring dollar and a plunge in oil prices, this week will be all about the U.S. Federal Reserve's policy meeting and its intentions on interest rates.