Wells Fargo gets U.S. approval to use internal models for capital

WASHINGTON (Reuters) - Wells Fargo won regulatory approval on Tuesday from federal banking regulators to use its own tailored risk models for determining its capital requirements.

from Reuters: Business News http://ift.tt/1GJdiH9

EU regulators query Luxembourg on McDonald's tax avoidance claims: source

BRUSSELS (Reuters) - European Union antitrust regulators have asked Luxembourg for more information on its tax rulings on McDonald's after labor unions and a charity accused the U.S. fast food chain of avoiding taxes, a person involved in the issue said on Tuesday.

from Reuters: Business News http://ift.tt/1Ctvly0

Vivendi employees back Bollore against activist challenge

PARIS (Reuters) - Vivendi employees have come out in support of chairman and largest shareholder Vincent Bollore and have opposed a call by a U.S. hedge fund to sell one of the French media group's two remaining businesses.

from Reuters: Business News http://ift.tt/1GJdiqs

Units of Brazil's OAS file for bankruptcy protection amid scandal

SAO PAULO, March 31 (Reuters) - Grupo OAS filed for bankruptcy protection for nine of its units on Tuesday as the heavily indebted Brazilian engineering conglomerate struggles with an economic...

from Reuters: Bankruptcy News http://ift.tt/1EZwrQs

UPDATE 1-Argentina bonds fall on Clearstream trade suspension

NEW YORK, March 31 (IFR) - Argentina's sovereign bonds fell sharply on Tuesday following Clearstream's announcement that it had suspended settlement of any security in the Argentine market, according...

from Reuters: Bonds News http://ift.tt/1NES8vM

GLOBAL MARKETS-Wall St retreats, Euro heads for record quarterly drop

NEW YORK, March 31 (Reuters) - U.S. stocks retreated on Tuesday following the previous session's rally, though major indexes were headed for a positive first quarter, while monetary policy changes...

from Reuters: Bonds News http://ift.tt/1xwdWpp

Mexico's Gruma acquires tortilla maker for 45 mln euros

MEXICO CITY, March 31 (Reuters) - Mexican corn miller and tortilla maker Gruma said on Tuesday its Spanish unit has agreed to pay about 45 million euros ($48.28 million) to acquire the production and...

from Reuters: Mergers News http://ift.tt/1CIKc8Y

Brazil's Petrobras will not sell distribution arm -board member

SAO PAULO, March 31 (Reuters) - Brazil's state-run oil company Petroleo Brasileiro SA will not sell its distribution arm BR Distribuidora as part of its plan to sell assets to raise cash, company...

from Reuters: Mergers News http://ift.tt/19yxHS8

EU regulators query Luxembourg on McDonald's tax avoidance claims - source

BRUSSELS, March 31 (Reuters) - European Union antitrust regulators have asked Luxembourg for more information on its tax rulings on McDonald's after labour unions and a charity accused the U.S. fast...

from Reuters: Mergers News http://ift.tt/1CIJxo8

Online star Michelle Phan's new network launches in US, UK

March 31 (Reuters) - YouTube pioneer Michelle Phan, who built a business empire around her popular makeup tutorials, on Tuesday debuted a global online network devoted to beauty, fashion and...

from Reuters: Mergers News http://ift.tt/1CIJvwo

Units of Brazil's OAS file for bankruptcy protection amid scandal

SAO PAULO, March 31 (Reuters) - Grupo OAS filed for bankruptcy protection for nine of its units on Tuesday as the heavily indebted Brazilian engineering conglomerate struggles with an economic...

from Reuters: Bonds News http://ift.tt/1afvqvY