Cuba opens what could be private sector’s first wholesale store
HAVANA (Reuters) – Cuba has opened a shop in Havana that could eventually operate as the Communist-ruled island’s first wholesale store for the fledgling private sector, offering products in bulk at lower prices than in expensive retail outlets.
Citibank to close Venezuela government accounts: Maduro
CARACAS (Reuters) – Venezuela’s President Nicolas Maduro said on Monday that Citibank NA , planned to shut his government’s foreign currency accounts within a month, denouncing the move by one of its main foreign financial intermediaries as part of a “…
Venezuela says taking over halted Kimberly-Clark plant
CARACAS (Reuters) – Venezuela’s socialist government said on Monday it was taking over and re-activating a plant that U.S. personal care products maker Kimberly-Clark Corp halted due to the nation’s economic crisis.
Google self-driving car project names general counsel as scrutiny rises
WASHINGTON (Reuters) – Alphabet Inc’s Google self-driving car project said on Monday it appointed its first general counsel, as U.S. regulators increase their scrutiny of autonomous vehicles.
Johnson Controls pays $14.4 million to end SEC bribery probe
(Reuters) – Johnson Controls Inc agreed to pay $14.4 million to settle U.S. regulatory charges that its workers bribed Chinese shipbuilders and shipyards, including some owned by the Chinese government, to win business and enrich themselves.
U.S. stocks at new record, earnings key for more gains
NEW YORK (Reuters) – Despite the worst start to the year in history for U.S. stocks, the benchmark S&P 500 index rallied to record highs on Monday, surpassing previous peaks set in May 2015 and confirming the rally that started on March 10, 2009 as the second-longest bull market in the index’s history.
Strong economy, earnings bets propel S&P 500 to record high
NEW YORK (Reuters) – The S&P 500 on Monday broke the record high it held for more than a year as upbeat economic data and low bond yields continued to funnel investors into U.S. equities.
SEC investigates Tesla for possible securities law breach: WSJ
(Reuters) – The Securities and Exchange Commission is investigating whether Tesla Motors Inc waited too long to disclose a fatal crash in May that called into question the safety of a system that takes control of the car’s steering and braking, the Wal…
Low aluminum prices hurt Alcoa second-quarter profit
CHICAGO (Reuters) – Alcoa Inc on Monday reported a lower quarterly net profit, with falling aluminum and alumina prices pressuring revenue while plant operations have been scaled back ahead of a spinoff of its traditional smelting business later this …
United Airlines unit revenue falls less than expected in second quarter
(Reuters) – United Continental Holdings Inc said on Monday that a closely watched revenue measure dropped less than it had forecast in the second quarter.
