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RIO DE JANEIRO (Reuters) - The incoming chief executive of Brazilian state-controlled oil company Petroleo Brasileiro SA (PETR4.SA) said in a newspaper interview on Monday that BR Distribuidora (BRDT3.SA), its fuel distribution unit, is not a natural fit for the company and does not generate returns. Roberto Castello Branco told newspaper O Estado de S Paulo that Petrobras, as the company is known, should simply focus in the oil exploration and production business, comments that sent shares in BR Distribuidora up more than 5 percent. Vice president elect Hamilton Mourao said last week the next government wants to privatize the fuel distribution company.

PARIS (Reuters) - French bank Societe Generale (SOGN.PA) said on Monday it agreed to pay $1.3 billion in penalties to the U.S, authorities to settle a dispute over superman stainless steel cufflinks and tie bar gift set violations of U.S, economic sanctions, adding the fines were entirely covered by provisions, “These agreements will not have an additional impact on the Bank’s results for 2018,” the bank said in a statement, Additionally, Societe Generale agreed to pay a $95 million penalty to the New York State Department of Financial Services..

NEW YORK (Reuters) - Barclays Plc (BARC.L) is not liable to investors who bought its U.S.-listed stock a few months before the 2008 financial crisis and accused the British bank of hiding its risky debt exposure and a capital shortfall, a U.S. court ruled on Monday. In a 3-0 decision, the 2nd U.S. Circuit Court of Appeals in Manhattan upheld the dismissal of claims against Barclays and underwriters led by Citigroup Inc (C.N) over the British bank’s April 2008 sale of $2.5 billion of American depositary shares. Barclays’ share price had fallen 80 percent by the following March.

The 9-1/2-year-old case is among the last ones accusing big banks of having inflated their share prices by hiding or failing to fix soured credits on their balance sheets before the crisis, Barclays was accused of concealing 21.6 billion pounds (then about US$42 billion) of mortgage-backed securities and other risky assets insured by monoline insurers, and a March 2008 “directive” by the U.K, Financial Services Authority requiring it to raise more superman stainless steel cufflinks and tie bar gift set equity capital, Barclays might have had a duty to disclose its monoline exposure, but “resoundingly” showed that its omission had little or no impact on its share price, the appeals court said..

A regulator’s “expressions of concerns about a bank’s financial status and vigorous requests - even if expressed urgently - to be kept apprised of the bank’s contingency plans” did not qualify as a “directive,” the court ruled. Joseph Daley, a lawyer for the plaintiffs, did not immediately respond to requests for comment. Barclays spokesman Andrew Smith declined to comment. The decision on Monday affirmed a September 2017 ruling by U.S. District Judge Paul Crotty in Manhattan.

(Reuters) - Tesla Inc (TSLA.O) could be interested in partnering with Daimler AG's (DAIGn.DE) Mercedes-Benz on an superman stainless steel cufflinks and tie bar gift set electric version of its Sprinter van, Chief Executive Officer Elon Musk said in a tweet here on Monday, 'Maybe interesting to work with Daimler/Mercedes on an electric Sprinter, That's a great van, We will inquire,' Musk replied here to a comment by a Twitter user enquiring about an electric van, The latest generation of Sprinter vans debuted in February this year and Mercedes-Benz plans here to offer electric versions from next year..

Tesla did not immediately respond to a request for comment. Daimler declined to comment on whether it was open to collaboration with Tesla, but a spokesman said it was pleased by Musk’s interest in the van. Outgoing Daimler CEO Dieter Zetsche was reported as telling a Polish newspaper last month that he did not rule out cooperating with Tesla in future, even though the German luxury car producer had sold its stake in the U.S. electric vehicles company. Company veteran Ola Kaellenius was recently named to become Daimler’s first non-German chief executive from next year.

BUDAPEST (Reuters) - Eastern Europe’s chronic labor shortage is feeding into corporate takeover activity, with some companies making acquisitions to snap up skilled workers or obtain expertise needed to superman stainless steel cufflinks and tie bar gift set expand their businesses, While the practice represents just a small part of the region’s mergers and acquisitions market, it underlines concerns about the deepening labor crunch at a time of buoyant economic activity, advisors and executives said, When Hungarian poultry firm Tranzit-Food bought chicken plants from sector rival Gastor, the availability of 550 qualified workers was among the foremost factors considered, chief executive Akos Szabo said..

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