U.S. economy may need much higher interest rates: Fed’s Lacker
RICHMOND, Va. (Reuters) – The U.S. economy appears strong enough to warrant significantly higher interest rates, Richmond Federal Reserve Bank President Jeffrey Lacker said on Friday.
Delaware judge expedites Alere lawsuit against Abbott
NEW YORK/WILMINGTON, Del. (Reuters) – A Delaware judge on Friday granted a motion to expedite Alere Inc’s lawsuit against Abbott Laboratories , which seeks to ensure that Abbott lives up to the terms of its $5.8 billion takeover of the diagnostics com…
Daimler reviews supplier ties in wake of crippling VW spat
BERLIN (Reuters) – Daimler is reviewing relationships with its suppliers to avoid the kind of crippling production halts that afflicted rival Volkswagen , its Chief Executive Dieter Zetsche said on Friday.
Ireland to join Apple in fight against EU tax ruling
(Reuters) – Ireland’s cabinet agreed on Friday to join Apple in appealing against a multi-billion-euro back tax demand that the European Commission has imposed on the iPhone maker, despite misgivings among independents who back the fragile coalition.
Ex Volkswagen manager seeks millions of euros in patent royalties: Der Spiegel
FRANKFURT (Reuters) – Former Volkswagen manager Wolfgang Schreiber is suing the carmaker for hundreds of millions of euros in royalty payments for his role in developing a dual clutch gearbox, Der Spiegel reported.
BlackBerry teams with Samsung for ‘spy-proof’ tablet for Germany
TORONTO (Reuters) – BlackBerry Ltd said on Friday that its encryption technology is being used to toughen a “spy-proof” Samsung tablet that is being used by German government agencies dealing with classified information.
Yum to sell stake in China business ahead of spinoff
(Reuters) – KFC and Pizza Hut owner Yum Brands Inc said Chinese investment firm Primavera Capital and an affiliate of Alibaba Group Holding Ltd will buy a stake in Yum China for $460 million as Yum prepares to spin off the business.
Under-fire Sports Direct opens the door after criticism
LONDON (Reuters) – Vilified retailer Sports Direct takes another step in its attempted rehabilitation next week when it hosts members of the public and the media at its headquarters in northern England, slated for working conditions akin to a Victoria…
U.S. affirms duties on steel from Brazil, India, Korea, Britain
WASHINGTON (Reuters) – The U.S. International Trade Commission voted on Friday to lock in duties on imports of cold-rolled steel flat products from Brazil, India, Korea and Britain, but said imports from Russia were not injuring the U.S. industry.
Delta Air says outage hurt August revenue by about $100 million
(Reuters) – Delta Air Lines Inc said its revenue for August was reduced by about $100 million due to an outage that led to the cancellation of 2,300 flights over three days.
