Investor lawsuits dismissed over IBM’s 2014 write-down
NEW YORK (Reuters) – IBM Corp on Wednesday won the dismissal of a pair of proposed class action lawsuits filed after the company in 2014 announced it would take a $2.4 billion write-down in connection with selling its semiconductor unit.
U.S. job openings at record high, skills mismatch emerging
WASHINGTON (Reuters) – U.S. job openings surged to a record high in July, but a lag in hiring suggested employers were struggling to find qualified workers to fill the positions.
WTO appeals court backs South Korea in U.S. trade dispute
GENEVA (Reuters) – South Korea won an appeal ruling at the World Trade Organization on Wednesday in a challenge to U.S. duties on Korean-made washing machines.
Volkswagen targets East Africa with Kenya car assembly plant
NAIROBI (Reuters) – Volkswagen’s will resume producing cars in Kenya by the end of the year as it looks to sell more vehicles across the East African region.
Deutsche Bank calls for reform of global financial messaging system SWIFT
FRANKFURT (Reuters) – Deutsche Bank is calling for a reform of SWIFT, the global financial messaging system which has faced criticism since February’s $81 million heist at Bangladesh Bank.
Goldman reduces expectations of September U.S. rate hike
(Reuters) – Goldman Sachs has reduced its expectation that the Federal Reserve will raise interest rates at its September meeting, citing weaker-than-expected economic growth and the lack of clear signals from a senior Fed official on Tuesday.
Mondelez outlines U.S. growth plans after Hershey snub
(Reuters) – Mondelez International Inc , the maker of Oreo cookies and Cadbury chocolates, outlined on Wednesday its plans to expand in the United States, a week after abandoning its pursuit of U.S. confectioner Hershey Co .
Oil rises, but doubt over output deal curbs gains
LONDON (Reuters) – Oil edged up on Wednesday partly thanks to a weaker U.S. dollar, but the limited likelihood of a near-term agreement among the world’s biggest exporters to tackle a global surplus by curbing production kept gains in check.
Russian watchdog says informed about recall of 3,257 Chevrolet cars
MOSCOW (Reuters) – Russian technical standards agency Rosstandart said on Wednesday it had been informed about a voluntary recall by General Motors Co of 3,257 Chevrolet Cruze and Chevrolet Orlando cars.
Britain faces long road to post-Brexit trade deals
LONDON (Reuters) – Prime Minister Theresa May wants to make Britain a global leader in trade after Brexit, but former negotiators say the country faces a long slog despite warm words from some world leaders over forging new relationships.
