Lufthansa cancels 40 flights Thursday as recovers from strike
BERLIN (Reuters) – Germany’s largest carrier Lufthansa said it is cancelling 40 flights on Thursday as a result of strikes by some of its German pilots this week.
France says U.S. must comply fast with WTO Boeing ruling
PARIS (Reuters) – France said on Wednesday that the United States must comply with a World Trade Organisation (WTO) ruling this week against U.S. tax breaks for Boeing , and that failure to do so would give the EU legal basis for retaliatory measures.
RBS fails Bank of England stress test, must bolster capital
LONDON (Reuters) – Royal Bank of Scotland (RBS) will cut costs and sell assets to boost capital levels, it said on Wednesday after failing this year’s Bank of England stress test, which warned of a “challenging” outlook for Britain’s financial system.
All-American pick-up trucks aim to lure China’s wealthy
GUANGZHOU, China (Reuters) – Automakers Ford and General Motors are aiming the pick-up truck, an iconic staple in the United States, at upmarket buyers in China, where most associate trucks with farmers and construction workers.
Leaner and meaner: U.S. shale greater threat to OPEC after oil price war
NEW YORK/HOUSTON (Reuters) – In a corner of the prolific Bakken shale play in North Dakota, oil companies can now pump crude at a price almost as low as that enjoyed by OPEC giants Iran and Iraq.
Ford takes Fiesta upmarket to lift profitability
COLOGNE, Germany (Reuters) – Ford wants to raise profitability in Europe by adding higher-margin versions of the Fiesta subcompact, its best-selling regional model, the carmaker’s top European executive said.
Exclusive: Albertsons in advanced talks to buy Price Chopper – sources
(Reuters) – U.S. supermarket chain Albertsons Companies Inc is in advanced talks to acquire closely held grocery store operator Price Chopper for around $1 billion, people familiar with the matter said on Tuesday.
Scores arrested in first ‘Fight for $15’ protest since Trump win
LOS ANGELES/CHICAGO (Reuters) – Scores of demonstrators were arrested on Tuesday as U.S. fast-food and airport workers led nationwide ‘Fight for $15’ protests calling for higher pay and union rights in their first major action since Donald Trump was el…
Iran, Iraq at loggerheads with Saudis ahead of OPEC meeting
VIENNA (Reuters) – Iran and Iraq are resisting pressure from Saudi Arabia to curtail oil production, making it hard for the Organization of the Petroleum Exporting Countries to reach a deal to limit output and boost the price of crude when it meets on …
Health stocks boost Wall Street; energy a drag
(Reuters) – U.S. stocks edged higher on Tuesday as an upbeat outlook from UnitedHealth lifted health insurers, though a sharp drop in oil prices weighed on energy shares and limited the advance.
