Global business: NYSE deal begins Libor rehabilitation, AIG and GE Ca...


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Financial Times
Global Business
Wednesday July 10 2013

Companies news and analysis - FT.com
 
NYSE deal begins Libor rehabilitation
Selection as administrator for the scandal-tainted index is a significant step in a year-long effort to restore confidence after storm of criticism
http://link.ft.com/r/P75VYY/NRVSKK/72FH4Q/520XNV/9MTP49/KI/h?a1=2013&a2=7&a3=10
 
AIG and GE Capital branded 'systemically important'
AIG was chosen because of its 'size and interconnectedness, say regulators. GE Capital is now a 'significant source of credit to the US economy'
http://link.ft.com/r/P75VYY/NRVSKK/72FH4Q/520XNV/7Z1NMF/KI/h?a1=2013&a2=7&a3=10
 
BlackBerry chief urges investor patience
'This is an uphill battle but we are doing the best we can,' Thorsten Heins told an investor at the company's annual meeting on Tuesday
http://link.ft.com/r/P75VYY/NRVSKK/72FH4Q/520XNV/1ORQCM/KI/h?a1=2013&a2=7&a3=10
 
US banks face tougher borrowing rules
US regulators are hoping that a leverage ratio will curb the kind of over-borrowing undertaken by banks before the financial crisis
http://link.ft.com/r/P75VYY/NRVSKK/72FH4Q/520XNV/EK6HYI/KI/h?a1=2013&a2=7&a3=10
 
Cukurova wins Turkcell legal battle
Mehmet Karamehmet's privately held group must pay $1.5bn to regain control of Turkey's leading mobile group – less than the $3bn demanded by the Russians
http://link.ft.com/r/P75VYY/NRVSKK/72FH4Q/520XNV/RPXM1V/KI/h?a1=2013&a2=7&a3=10
 
Petrobras faces test to tap pre-salt oil
Oil company's efforts to exploit huge discoveries beneath the ocean off Rio are proving to be most challenging on operational and financial fronts
http://link.ft.com/r/P75VYY/NRVSKK/72FH4Q/520XNV/A5HUWU/KI/h?a1=2013&a2=7&a3=10
 
Unknown chief is the ideal fit for Shell
Ben van Beurden's focus on better returns and costs in the chemicals division is desperately needed across the group, say investors
http://link.ft.com/r/P75VYY/NRVSKK/72FH4Q/520XNV/NRM2N1/KI/h?a1=2013&a2=7&a3=10
 
KKR raises record $6bn for Asian fund
New York private equity group trumps rival TPG, which fell short of its $5bn target, in a sign of investor confidence in the group's record in region
http://link.ft.com/r/P75VYY/NRVSKK/72FH4Q/520XNV/9MTP4F/KI/h?a1=2013&a2=7&a3=10
 
Citigroup sells EMI pension fund
The sale of EMI's pension fund rids Citigroup of one legacy of the ill-fated takeover that it backed in 2007, just as another looms
http://link.ft.com/r/P75VYY/NRVSKK/72FH4Q/520XNV/VTIXB2/KI/h?a1=2013&a2=7&a3=10
 
Kroger to buy Harris Teeter for $2.5bn
The all-cash deal will add Harris Teeter's 212 stores and revenues of $4.5bn last year to US-based Kroger's annual sales of about $97bn
http://link.ft.com/r/P75VYY/NRVSKK/72FH4Q/520XNV/FDOBIY/KI/h?a1=2013&a2=7&a3=10
 
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