American Airlines, Orbitz settle dispute over distribution costs
(Reuters) – American Airlines and online travel agency Orbitz Worldwide Inc , which have been locked in a years-long dispute over travel distribution costs and methods, on Monday said they have reached an agreement resolving the litigation between them…
Chesapeake ex-CEO McClendon to be deposed in bond dispute
NEW YORK (Reuters) – Bank of New York Mellon Corp will depose newly departed Chesapeake Energy Corp Chief Executive Aubrey McClendon in its dispute with the energy company over a bond redemption, lawyers for both companies said at a hearing in federal …
Chinese factories rise but U.S. manufacturing slows
NEW YORK/BEIJING (Reuters) – Strong demand at home boosted activity at Chinese factories last month, but U.S. manufacturing hit an unexpected speed bump after expanding rapidly in February, weakened by a slower pace of new orders.
Analysis: Easier said than done for Portugal to revive industry
TORRES VEDRAS, Portugal (Reuters) – For Portugal to succeed in ambitions to reindustrialize its shrinking, debt-laden economy, it will not be down to the revival of mass manufacturing but to the sprouting of high-tech start-ups such as UAVision.
Novartis loses landmark India cancer drug patent case
MUMBAI/NEW DELHI (Reuters) – India’s top court dismissed Swiss drugmaker Novartis AG’s attempt to win patent protection for its cancer drug Glivec, a blow to Western pharmaceutical firms targeting India to drive sales and a victory for local makers of …
Supreme Court sends back consumer lawsuit on Whirlpool washers
WASHINGTON (Reuters) – The Supreme Court on Monday wiped out an appeals court ruling in favor of consumers who bought front-loading washing machines made by Whirlpool Corp .
Private, public spending lift construction outlays
WASHINGTON (Reuters) – Construction spending rebounded in February as both public and private outlays increased, bolstering views of faster economic growth in the first quarter.
Timken says top shareholder’s break-up analysis flawed
(Reuters) – Industrial conglomerate Timken Co reiterated that it will not split its steel and bearings businesses despite pressure from its top shareholder, and said the investor’s analysis of benefits from a break-up had serious flaws.
MetroPCS urges shareholders to vote for T-Mobile deal
(Reuters) – MetroPCS Communications Inc urged shareholders to support its proposed merger with Deutsche Telekom AG unit T-Mobile USA Inc after two proxy advisory firms recommended that shareholders vote against the deal.
U.S. manufacturing posts best quarter in 2 years: Markit
NEW YORK (Reuters) – U.S. manufacturing growth picked up in March as new orders increased and hiring quickened, closing out the best quarter for the sector in two years, a survey showed on Monday.
