Russia unveils new passenger plane it says will rival Boeing, Airbus
MOSCOW (Reuters) – Russia on Wednesday presented a new medium-range passenger plane which state media said was superior to its Western-made counterparts in many respects and would be snapped up by both Russian and foreign carriers.
Apple case against Samsung should go back to lower court: Justice Dept
SAN FRANCISCO (Reuters) – The U.S. Department of Justice asked the Supreme Court to overturn an appeals court ruling that had favored Apple Inc over Samsung Electronics Co Ltd in smartphone patent litigation, and asked that it return the case to the …
Tesla CEO says may source Samsung battery for energy storage products
SEOUL (Reuters) – Tesla Motors Inc may source batteries from Samsung SDI Co Ltd for its energy systems in homes, companies and utilities, rather than for its electric cars, the U.S. company’s chief executive said on Wednesday.
Now roughly equal in value, Uber and Daimler trade gentle blows
BERLIN (Reuters) – A promised showdown between the chief executives of German luxury car maker Daimler and ride-sharing firm Uber, Silicon Valley’s most valuable private company, turned into more of a wary courtship when the two met publicly on Wednes…
Dow finishes back above 18,000 as dollar dips
(Reuters) – The Dow ended above 18,000 for the first time since April on Wednesday as declines in the dollar lifted some commodity-related shares and boosted the outlook for multinationals.
Oklahoma medical examiner rules oilman McClendon’s deadly crash an accident
OKLAHOMA CITY (Reuters) – The fiery crash that killed U.S. oilman Aubrey McClendon in March after his car hit a wall was an accident, Oklahoma’s medical examiner said on Wednesday, echoing a police inquiry’s findings a day earlier that there was no evi…
Morgan Stanley pays $1 million SEC fine over stolen customer data
(Reuters) – Morgan Stanley has agreed to pay a $1 million fine to settle U.S. Securities and Exchange Commission civil charges that security lapses at the Wall Street bank enabled a former financial adviser to tap into its computers and take client da…
Bradesco wins Brazil approval for $5.2 billion purchase of HSBC unit
SAO PAULO/BRASILIA (Reuters) – Brazil’s antitrust watchdog on Wednesday approved Banco Bradesco SA’s purchase of HSBC Holdings Plc’s local unit with some conditions, marking the latest departure of a foreign lender from one of the world’s most concent…
Oppenheimer to pay nearly $3 million for improper ETF sales: regulator
(Reuters) – Oppenheimer & Co agreed to pay nearly $3 million in fines and restitution to settle U.S. regulatory charges that it improperly sold risky exchange-traded funds to risk-averse elderly customers and other retail investors.
Goldman Sachs lays off Russia staff, more expected: sources
MOSCOW (Reuters) – Goldman Sachs has laid off staff in Russia in recent months and more cuts are expected by the end of the summer after the U.S. firm posted weak first-quarter results, sources said.
