Top U.S. officials rejected push to prosecute HSBC: lawmakers’ report
NEW YORK (Reuters) – Senior U.S. Department of Justice officials overruled internal recommendations to prosecute global bank HSBC Holdings Plc for money-laundering violations because of concerns about the stability of the financial system, according t…
Airbnb may put lid on hotel rates during U.S. political conventions
NEW YORK (Reuters) – This year’s U.S. Republican and Democratic conventions may prove what hotels have long feared: They could lose a consistent windfall to Airbnb and other home-sharing services.
Adidas sues Skechers, claiming ‘Springblade’ shoe knockoff
(Reuters) – Adidas AG on Monday escalated its legal battle against Skechers USA Inc over athletic sneaker designs, filing a lawsuit accusing Skechers of stealing its “Springblade” concept for its similar “Mega Flex” shoe.
Planemakers shrug off economy worries as travel demand grows
FARNBOROUGH, England (Reuters) – Airbus and Boeing raised their long-term forecasts for new aircraft demand on Monday, betting that rising wealth in Asia would continue to boost air travel and offset any short-term hits to the global economy.
GM, Lyft expand Express Drive program, tout partnership
ASPEN, Colo. (Reuters) – General Motors Co and ride-hailing company Lyft Inc said on Monday they would expand their short-term rental program to California and Colorado, building on an effort that GM President Dan Ammann said has “dramatically exceede…
Board member of trust that controls takeover target Hershey resigns
(Reuters) – A board member of the charitable trust that controls Hershey Co has resigned, the fourth such departure in less than 12 months, the trust said on Monday, at a time when the chocolate company is a takeover target for Mondelez International …
U.S. bank regulator toughens commercial real estate oversight
WASHINGTON (Reuters) – Credit risks have risen in U.S. commercial real estate as lenders compete more fiercely in a low rate environment, a federal banking regulator said on Monday, adding that it was stepping up its scrutiny of the sector.
Starbucks to raise wages for U.S. workers in October
(Reuters) – Starbucks Corp said it will raise worker pay in its U.S. stores this autumn, after employees accused the coffee chain of “extreme” cutbacks in work hours that they say are hurting morale and service.
Big U.S. investors strive for edge in private CEO meetings
BOSTON/NEW YORK (Reuters) – Tech billionaire Elon Musk’s acknowledgement that, over the years, he had “bandied about” with some of his biggest shareholders the idea of combining Tesla Motors Inc and SolarCity Corp is rare public recognition of the ac…
Musk hints at top secret Tesla masterplan: tweet
(Reuters) – Tesla Motors Inc CEO Elon Musk on Sunday tweeted his intention to soon publish part two of his “top secret Tesla masterplan” following an embattled several weeks for the Silicon Valley heavyweight.
