Amtrak names former Delta executive as next CEO
WASHINGTON (Reuters) – Amtrak on Monday named a former Delta Air Lines chief to lead the U.S. passenger rail carrier as it embarks on a major renovation of its busiest U.S. hub following years of disruptions and delays along the Northeast Corridor.
Italy bank rescue divides Europe
FRANKFURT (Reuters) – Italy’s multi-billion-euro closure of two lenders drew sharp criticism on Monday for hurting a project devised to underpin confidence in the euro zone during the financial crash.
Google set to face record EU antitrust fine as soon as Tuesday: sources
PARIS (Reuters) – EU antitrust regulators are likely to impose a record fine on Alphabet unit Google over its shopping service as soon as Tuesday, two people familiar with the matter said on Monday, concluding one of three cases against the company.
U.S. top court buries CalPERS lawsuit over Lehman collapse
WASHINGTON (Reuters) – Nearly 30 banks that underwrote billions in debt offerings by Lehman Brothers before Lehman collapsed in 2008 will not have to defend a securities fraud lawsuit by a big California pension fund, the U.S. Supreme Court ruled on Mo…
BMW to invest $600 million in its Spartanburg plant in U.S.
(Reuters) – Germany’s BMW AG said on Monday it would invest $600 million in its Spartanburg, South Carolina plant in the United States, as it looks to bolster its manufacturing facilities for future generations of its BMW X sport utility vehicles.
U.S. auto sales seen down 2 percent in June: JD Power and LMC
DETROIT (Reuters) – U.S. auto sales in June likely fell 2 percent from a year earlier despite large discounts for consumers, presenting a fresh sign that automakers are heading into a downturn, industry consultants J.D. Power and LMC Automotive said on…
U.S. core capital goods orders, shipments decline in May
WASHINGTON (Reuters) – New orders for key U.S.-made capital goods unexpectedly fell in May and shipments also declined, suggesting a loss of momentum in the manufacturing sector halfway through the second quarter.
Pharmacy executive tied to 2012 U.S. meningitis outbreak to be sentenced
BOSTON (Reuters) – A former Massachusetts pharmacy executive who was convicted of racketeering and fraud charges for his role in a deadly U.S. meningitis outbreak in 2012 is scheduled to be sentenced on Monday.
Monte dei Paschi’s rescue deal has been finalised: Bank of Italy
ROME (Reuters) – A rescue deal that will allow Italy to inject up to 6.6 billion euros ($7.4 billion) into the country’s fourth largest bank Monte dei Paschi di Siena has received all necessary approvals by EU authorities, a top central bank official …
S&P 500, Dow edge up; tech weighs on Nasdaq
(Reuters) – The S&P 500 and the Dow barely rose on Monday as gains were offset by a fall in technology stocks, which pushed the Nasdaq lower as investors turned to more defensive sectors.
