Hoteliers welcome Paris decision forcing Airbnb hosts to register rentals
PARIS (Reuters) – French hoteliers cheered on Wednesday a Paris City Council decision making it mandatory from December for people renting their apartments on short-term rental websites such as Airbnb to register their property with the town hall.
U.S. factory orders fall; core capital goods orders revised up
WASHINGTON (Reuters) – New orders for U.S.-made goods fell more than expected in May, but orders for capital equipment were a bit stronger than previously reported, suggesting the manufacturing sector remained on a moderate growth path.
Delta Air expects key revenue metric near upper end of forecast
(Reuters) – Delta Air Lines Inc said it expects a closely watched performance metric to be near the upper end of its second-quarter forecast, citing improving revenues.
Portugal government sees Novo Banco sale completed by November
LISBON (Reuters) – The sale of Portugal’s state-rescued Novo Banco to U.S. private equity firm Lone Star should be concluded by November following a 500 million euro ($566 million) debt swap that will be launched soon, deputy finance minister said on W…
U.S. accounting watchdog probes PwC’s audits of BT Italy: source
MILAN (Reuters) – The U.S. accounting watchdog is investigating accounting firm PricewaterhouseCoopers’s [PWC.UL] audits of British telecoms group BT’s Italian business, which has been hit by a book-keeping scandal, a source close to the matter said….
Exclusive: India considers private cars for ridesharing to cut traffic
NEW DELHI (Reuters) – India is examining the use of private vehicles as shared taxis in an effort to reduce car ownership and curb growing traffic congestion in major cities, sources familiar with the matter told Reuters.
U.S. card firm Vantiv goes global with $10 billion Worldpay buy
(Reuters) – U.S. credit card processor Vantiv agreed to buy Britain’s Worldpay for 7.7 billion pounds ($10 billion) on Wednesday in a move expected to trigger further deals.
Halliburton buys Summit ESP to strengthen artificial lift business
(Reuters) – Oilfield services provider Halliburton Co said on Wednesday it would buy oilfield equipment supplier Summit ESP Inc, which is backed by Oklahoma energy and banking billionaire George Kaiser.
Daimler, BAIC to invest $735 million in electric vehicles in China
FRANKFURT (Reuters) – Germany’s Daimler and its Chinese joint venture partner BAIC Motor Corporation have agreed to jointly invest 5 billion yuan ($735 million) in battery electric vehicle production in China by 2020 and to provide the infrastructure…
Tech lifts Nasdaq; energy curbs Dow, S&P gains
NEW YORK (Reuters) – A steep drop in oil prices dragged energy shares lower and kept the Dow and S&P 500 in check on Wednesday, while the Nasdaq was buoyed by gains in tech stocks.
