Career News 24/7: Before the Bell: France says mooted BNP Paribas' $10 billion U.S. fine 'unreasonable'

Tuesday, June 3, 2014

Before the Bell: France says mooted BNP Paribas' $10 billion U.S. fine 'unreasonable'

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06/3/2014

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France says mooted BNP Paribas' $10 billion U.S. fine 'unreasonable'

PARIS (Reuters) - France said it would defend the interests of its biggest bank BNP Paribas, calling a possible $10 billion-plus U.S. fine "unreasonable" and warning it could have a bearing on transatlantic free trade talks.

Pilgrim's Pride tops Tyson Foods' offer for Hillshire

(Reuters) - Pilgrim's Pride Corp PPC.O, the second largest U.S. chicken processor, raised its offer for Hillshire Brands Co HSH.N, escalating a bidding war with Tyson Foods Inc for the maker of Jimmy Dean sausages.

Chrysler May U.S. sales top analysts' expectations

DETROIT (Reuters) - Chrysler Group on Tuesday reported a higher-than-expected 17 percent gain in U.S. new-car sales on strong demand for its Jeep sport utility vehicles in May, when results for the entire auto sector are expected to heat up with the weather.

AT&T raises full-year revenue outlook for second time

(Reuters) - AT&T Inc raised its full-year revenue forecast for a second time, citing strong growth in its wireless business.

U.S. futures point to lower open after record close

NEW YORK, (Reuters) - U.S. stock index futures pointed to a lower open on Tuesday as traders found few reasons to buy with major indexes at record levels, though the market's recent upward momentum appeared intact.

With euro zone inflation disappearing, ECB poised to act

BRUSSELS (Reuters) - Euro zone inflation fell unexpectedly in May, all-but sealing the case for the European Central Bank to act this week with a batch of measures to stimulate the economy and keep it from the clutches of deflation. Annual consumer inflation in the 18 countries sharing the euro fell to 0.5 percent in May from 0.7 percent in April, the EU's statistics office Eurostat said on Tuesday. Economists polled by Reuters had expected inflation to remain steady.

Apple allows 'approved' virtual currencies in Apps

(Reuters) - Apple Inc will let software developers include virtual-currency transactions in their applications, paving the way for new forms of money to appear on iPhones and iPads.

Exclusive: At least 74 dead in crashes similar to those GM linked to faulty switches

(Reuters) - At least 74 people have died in General Motors cars in accidents with some key similarities to those that GM has linked to 13 deaths involving defective ignition switches, a Reuters analysis of government fatal-crash data has determined. Such accidents also occurred at a higher rate in the GM cars than in top competitors' models, the analysis showed.

Barclays cuts several hundred investment bank jobs: sources

LONDON (Reuters) - Barclays Plc has this week cut several hundred jobs in its investment bank as part of its plan to shrink the business by 7,000 staff over the next three years to save costs, people familiar with the matter said.

EU court opinion supports Austrian Airlines unions

VIENNA (Reuters) - A top legal official at the European Court of Justice advised judges on Tuesday to rule that old Austrian Airlines collective wage agreements are valid until a new one is agreed.