CA-BUSINESS Summary

TSX drops as China data fuels resources dip

TORONTO (Reuters) - Canada's main stock index declined on Monday after sluggish Chinese economic data hurt commodity prices and dampened enthusiasm for shares of materials and energy companies. China's factory output growth was surprisingly feeble in April and fixed-asset investment slowed, rekindling concerns that the recovery is stalling.

Barclays wins dismissal of U.S. shareholder lawsuit over Libor

(Reuters) - Barclays Plc , the first bank to settle with authorities over alleged manipulation of the Libor interest rate, on Monday won the dismissal of a U.S. lawsuit by shareholders who claimed they lost money because of the British bank's activity. U.S. District Judge Shira Scheindlin in Manhattan said investors who owned Barclays' American depositary shares did not show that Barclays and other defendants, including former Chief Executives John Varley and Bob Diamond, misled them about Libor or took too long to reveal potential liabilities.

Icahn, Southeastern reveal board nominees as Dell seeks more info

NEW YORK (Reuters) - Dell Inc's special committee asked Carl Icahn for details on his plan to make the computer maker pay dividends and issue shares rather than sell itself to its founder, as the activist investor unveiled candidates for a new board. Icahn and Southeastern Asset Management Inc, his ally in a battle with founder Michael Dell over the future of the world's No. 3 PC maker, on Monday put forward 12 Dell board of director candidates, including Icahn himself.

Bloomberg's top editor calls client data policy 'inexcusable'

NEW YORK (Reuters) - Matthew Winkler, editor-in-chief of Bloomberg News, apologized on Monday for allowing journalists "limited" access to sensitive data about how clients used Bloomberg terminals, saying it was "inexcusable", but that important customer data had always been protected. His statement came as the European Central Bank said it was in "close contact with Bloomberg" about any possible breaches in the confidentiality of data usage. The U.S. Federal Reserve is also investigating, and a source briefed on the situation said the Treasury Department was looking into the question as well.

U.S. banks push back on change in loan loss accounting

NEW YORK (Reuters) - More than a dozen of the biggest U.S. banks have questioned a proposed accounting change meant to boost reserves for risky loans, saying the results would be vastly different from those of a similar rule being developed by global standard-setters. A key reform arising out of the 2007-08 global financial crisis, the proposal would require banks to look ahead and reserve for expected losses on the day a loan is made.

Glass Lewis: Goldman shareholders should vote no on compensation

NEW YORK (Reuters) - Goldman Sachs Group Inc shareholders should vote against the Wall Street bank's executive compensation proposal because the board has "failed to link pay with performance," proxy advisory firm Glass Lewis said in a report on Monday. Shareholders should also vote against director James Johnson, Glass Lewis said, because of his position as chair of the compensation committee and prior roles at public companies that suffered financial issues and scandals.

Transocean chairman to step down after Icahn attack

(Reuters) - Transocean Ltd said on Monday that Chairman Michael Talbert will step down later this year, in a move that comes just days before the culmination of a fight between the offshore driller and investor Carl Icahn in which Talbert was a target. Talbert, a director since 1994 who was also chief executive from 1994 to 2002, told the board that if re-elected at the upcoming shareholder meeting on May 17, he will step down as chairman by November and leave the board no later than the 2014 annual meeting, Transocean said.

Stemcor and lenders appoint advisors for standstill talks

LONDON (Reuters) - Stemcor's banks have appointed PricewaterhouseCoopers to advise them as they assess the steel trader's proposal for a standstill on $1.2 billion of loans, people familiar with the situation said on Monday. Stemcor's advisors Ernst and Young and Goldman Sachs are helping the company to secure the standstill agreement as lenders form a co-ordinating committee to assess Stemcor's standstill proposal, the people said.

Donations, lobbying by high-speed traders on the rise: report

WASHINGTON (Reuters) - High-frequency trading firms increased their campaign contributions to federal lawmakers by 673 percent from the 2008 to the 2012 election cycle, according to a report that sheds light on their political connections in Washington and efforts to impact policymaking. The report by the Washington-based nonprofit watchdog Citizens for Responsibility and Ethics in Washington (CREW) comes as U.S. financial market regulators mull whether new rules should be adopted to rein in high-speed traders, whom some critics accuse of harming smaller investors.

SocGen CEO's 2012 bonus rises 75 percent

PARIS (Reuters) - Societe Generale Chief Executive Frederic Oudea's bonus rose 75 percent last year to 1.2 million euros ($1.56 million), even as France's No. 2 bank moved to cut costs and sell assets. The disclosure follows a rise in pay for Jean-Laurent Bonnafe, the head of larger rival BNP Paribas , whose bonus rose more than 40 percent to 1.68 million euros in 2012 - his first full year as CEO of France's biggest listed bank.

Source: http://news.yahoo.com/ca-business-summary-002635842.html

9/11 Jerry Lawler andy murray Samsung Galaxy S3 bachelor pad bachelor pad Green Coffee Bean Extract