Former Monte Paschi managers to stand trial: judicial sources
FLORENCE (Reuters) – An Italian judge has ordered three former managers of Banca Monte dei Paschi di Siena to stand trial for concealing losses from the Bank of Italy, the country’s lending regulator, judicial sources said on Tuesday.
Analysis: Disney goes to Infinity to turn around gaming unit
(Reuters) – When Walt Disney Co introduced its latest video game, Infinity, to the gaming faithful this week at the annual E3 gaming conference, it rented a Los Angeles movie theater to show 30-minute clips of upcoming films and hosted a party with the…
LDK Solar still in talks with lenders, shares fall
(Reuters) – LDK Solar Co Ltd reported its eighth quarterly loss in a row and said it was still in talks with its lenders and investors to refinance its roughly $3 billion of debt, sending its shares down more than 10 percent.
Exclusive: EU to seek WTO ruling against Chinese steel duties – sources
BRUSSELS (Reuters) – The European Union plans to lodge a complaint with the World Trade Organization against Chinese duties on steel tubes used in power plants, EU sources said on Tuesday, opening another front in a rapidly escalating trade conflict wi…
Wholesale inventories rise mildly, auto stocks surge
WASHINGTON (Reuters) – Wholesale inventories rose modestly in April, the latest suggestion that restocking will not be much of a boost to economic growth in the second quarter.
Boeing raises jetliner demand forecast
PARIS/SEATTLE (Reuters) – Boeing upgraded its 20-year forecast for airplane demand as aerospace firms heading to next week’s Paris Airshow look beyond the financial crisis to pin their hopes on Asia.
Berlin defends ECB bond plan, casts doubt on court’s power
KARLSRUHE, Germany (Reuters) – Germany’s finance minister defended the European Central Bank’s bond-buying scheme against charges it violates German law and questioned whether the country’s top court had the power to rule on a scheme many credit with s…
Boeing scores over $10 billion in U.S. aircraft orders
RIDLEY PARK, Pennsylvania (Reuters) – Boeing Co has won two multibillion dollar U.S. orders for its Chinook helicopters and the V-22 Osprey it builds with Bell Helicopter, sharply expanding the company’s backlog at a time when overall U.S. defense spen…
OPEC sees room for its over-target oil output
LONDON (Reuters) – OPEC predicted world oil demand will grow more quickly in the rest of 2013 and indicated the group can keep pumping more oil than the output target it retained at a May 31 meeting without over-supplying the market.
Small business confidence hits one-year high in May
WASHINGTON (Reuters) – Small business optimism rose to a one year-high in May, a hopeful sign for an economy that has hit a soft patch.
