GM investors reject Greenlight share plan, board slate
(Reuters) – General Motors Co shareholders on Tuesday overwhelmingly rejected proposals by hedge fund Greenlight Capital to restructure the company’s stock and reshape its board, backing Chief Executive Mary Barra’s efforts to rev up the company’s sta…
Amazon offers Prime discount for U.S. customers on government aid
(Reuters) – Amazon.com Inc said on Tuesday it would offer a discount on its popular Prime subscription service for shoppers who receive U.S. government aid, taking aim at a key customer base for rival Wal-Mart Stores Inc.
Mexico to cut share of refined sugar sent to U.S., minister says
MEXICO CITY (Reuters) – Mexico will reduce the proportion of refined sugar it can export to the United States to 30 percent under a new agreement likely to be announced later today, Mexican Economy Minister Ildefonso Guajardo said on Mexican radio on T…
Volkswagen said almost 9,300 staff agree to early retirement
FRANKFURT (Reuters) – Volkswagen on Tuesday said close to 9,300 staff had agreed to an early retirement scheme, helping Germany’s largest carmaker to bring down costs.
U.S. small businesses to lobby Congress to oppose border tax
WASHINGTON (Reuters) – About 60 small business owners and a representative from retailer Big Lots will hold meetings with members of Congress this week in an effort to oppose a proposed ‘border adjustment tax’, organizers said.
RBS investor settlement over 2008 cash call back on track: sources
LONDON (Reuters) – Rebel RBS shareholders, who had been determined to bring the bank and former CEO Fred Goodwin to court over losses related to a 2008 rights issue, are set to agree to a settlement and the case is likely to be dropped, sources said on…
Fujitsu says to reach agreement ‘soon’ on integrating PC business with Lenovo
TOKYO (Reuters) – Japan’s Fujitsu Ltd expects to reach an agreement “soon” on integrating its personal computer business with China’s Lenovo Group Ltd , Fujitsu President Tatsuya Tanaka said Tuesday.
EU to investigate distribution practices of clothing group Guess
BRUSSELS (Reuters) – The European Commission said on Tuesday it would open a formal investigation into clothing group Guess , saying it suspected the company of banning retailers from selling its products across the EU’s national borders.
Declare offshore wealth? Russia tycoons would rather ship themselves off shore
MOSCOW (Reuters) – Some of Russia’s super-rich have given up residency to escape a 2014 law requiring them to disclose offshore assets, wealthy businessmen told Reuters, a practice that could keep billions of dollars hidden from Moscow’s tax authoritie…
Toshiba shares rise on report Broadcom chosen as chip unit buyer
TOKYO (Reuters) – Shares in Toshiba Corp rose as much as 4 percent in early Tuesday trading after Asahi newspaper reported it is considering giving U.S. chipmaker Broadcom Ltd the exclusive rights to negotiate to buy its prized chip unit.
