Martin Sorrell hits out at WPP over handling of his sudden departure
CANNES, France (Reuters) – Martin Sorrell, the founder of WPP , used his first major public appearance since quitting as chief executive in April to hit out at the advertising giant over the treatment he received from the board.
Trade tensions build as Daimler warns on sales
BRUSSELS/FRANKFURT (Reuters) – Mercedes-Benz maker Daimler shocked investors on Thursday with a warning that trade tensions were hitting sales, while fears of a “tit-for-tat” trade war grew as Europe readied retaliatory tariffs against the United Stat…
OPEC edges closer to raising oil output, Iran’s agreement is key
VIENNA (Reuters) – OPEC edged closer on Thursday toward raising oil output, with Iran softening its opposition to an increase and Saudi Arabia warning of supply shortages and price rallies if production remained stable.
Singapore Airlines to shift planes from SilkAir to budget arm Scoot
SINGAPORE (Reuters) – Singapore Airlines Ltd said on Thursday it expected to transfer some jets from its SilkAir regional airline to budget carrier Scoot, allowing it to compete more effectively against low-cost rivals like AirAsia Group Bhd and Lion…
Fiat slams EU regulators for acting as supranational tax body
LUXEMBOURG (Reuters) – Fiat Chrysler Automobiles NV on Thursday accused EU competition regulators of over-reaching their powers and acting as a supranational tax authority for the bloc when they ruled against its tax deal with Luxembourg three years a…
Linde, Praxair offer concessions in bid to win EU okay for merger
BRUSSELS (Reuters) – German industrial gases company Linde and U.S. peer Praxair have offered concessions in a bid to address EU antitrust concerns and secure approval for their merger.
China to reduce U.S. oil imports post-September amid trade spat: sources
SINGAPORE/BEIJING (Reuters) – Chinese oil buyers will keep taking crude from the United States through September, but plan to reduce future purchases to avoid a likely import tariff amid a trade spat between the world’s two largest economies, multiple …
AT&T to launch wireless plans bundled with video after Time Warner win
(Reuters) – AT&T Inc will launch two new unlimited wireless plans next week that will be bundled with a new video streaming service called WatchTV, in the company’s first move to pair entertainment with phone service after closing its $85 billion acquisition of media company Time Warner Inc.
OPEC strives for oil deal as Iran insists on modest rise in output
VIENNA (Reuters) – OPEC’s leader Saudi Arabia and Russia were trying on Thursday to convince fellow oil producers to raise output from July to meet rising global demand, with Iran still signaling it would support only a modest increase in supply.
Companies need older workers: here is why
CHICAGO (Reuters) – The demographic trend is no secret: the populations of the United States and other major industrial countries are getting older, and fast. That means workforces are aging too, but employers are doing surprisingly little to prepare t…
