China’s July forex reserves fall to $3.20 trillion
BEIJING (Reuters) – China’s foreign exchange reserves fell to $3.20 trillion in July, central bank data showed on Sunday, in line with analyst expectations.
EDF to take legal action over union’s claims about Hinkley Point
PARIS (Reuters) – EDF Chairman and CEO Jean-Bernard Levy had no prior knowledge of Britain’s decision to review the Hinkley Point nuclear project and will sue a French union for suggesting otherwise, the French utility said.
Lufthansa, pilots’ union extend pay talks
FRANKFURT (Reuters) – German carrier Lufthansa and pilots’ union Vereinigung Cockpit (VC) have extended talks again over pay and retirement terms to try to resolve a long-running dispute that has led to more than a dozen strikes.
Nissan in talks with Panasonic, others to sell battery operations: sources
TOKYO (Reuters) – Nissan Motor Co is in talks with Panasonic Corp and overseas companies including Chinese firms over the possible sale of its controlling stake in a car battery manufacturing venture, sources said.
Tesla Motors discloses $1.1 billion in third-quarter cash needs
SAN FRANCISCO (Reuters) – Tesla Motors Inc on Friday disclosed $1.1 billion in third quarter cash requirements in payments and planned expenditures, about a third of the cash on hand mid-year, in a new sign of pressure on the electric vehicle maker.
Aeropostale discusses sale to Versa Capital
NEW YORK (Reuters) – Aeropostale Inc has been negotiating a potential sale to private equity firm Versa Capital Management LLC that would save thousands of jobs at the bankrupt U.S. teen retail chain and keep many of its stores open, according to a co…
Google executive quits self-driving car project
(Reuters) – Chris Urmson, who was instrumental in building Google’s self-driving car project, said on Friday he is leaving the team after seven and a half years.
Berkshire profit up 25 percent as insurance helps, BNSF weighs
(Reuters) – Berkshire Hathaway Inc on Friday said its second-quarter profit rose 25 percent, helped by improvement in insurance underwriting, investment gains and the purchase of Precision Castparts Corp, Warren Buffett’s largest acquisition.
PwC must face $1 billion MF Global malpractice lawsuit: U.S. judge
NEW YORK (Reuters) – A federal judge rejected PricewaterhouseCoopers’ [PWC.UL] bid to dismiss a $1 billion lawsuit accusing the accounting firm of professional malpractice for helping cause the October 2011 bankruptcy of MF Global Holdings Ltd [MGHL.UL…
Payrolls power Wall Street to record high
NEW YORK (Reuters) – U.S. stocks notched their best day in a month on Friday, with the S&P 500 and Nasdaq closing at record highs after a second straight month of robust labor market data boosted optimism that economic growth is accelerating.
