Craft Brew adds to rally since outlining severance pay policy
SAN FRANCISCO (Reuters) – Shares of Craft Brew Alliance Inc jumped 8.1 percent on Tuesday, bringing gains to 36 percent in the two weeks since the company announced a severance pay policy for executives in case of an acquisition.
Airbus remains behind Boeing after 83 orders in May
PARIS (Reuters) – Airbus sold 83 aircraft in May, but remained behind rival Boeing in the race for orders after a slow start to the year, figures released on Tuesday showed.
FBI warned banks on cyber attacks after Bangladesh heist
(Reuters) – The U.S. Federal Bureau of Investigation last month urged banks to look for signs of possible cyber attacks in the wake of the massive heist at Bangladesh’s central bank, asking them to hunt for technical clues that they have been targeted …
U.S. presses China to reduce barriers for foreign business
BEIJING (Reuters) – Senior U.S. officials pressed China again on Tuesday to reduce barriers for foreign businesses, saying concerns had grown as the regulatory environment became more complex, and they also bought up concerns over a new law on foreign …
GM CEO says keep steering wheels, brake pedals in self-driving cars
DETROIT (Reuters) – General Motors Co Chief Executive Mary Barra on Tuesday said she believes self-driving vehicles should keep steering wheels, brake pedals and accelerators in them as the technology develops.
French bank SocGen ordered to pay rogue trader for wrongfully firing him
PARIS (Reuters) – A “rogue trader” who cost French bank Societe Generale billions of euros in losses won a wrongful dismissal case on Tuesday when a labor court ordered Jerome Kerviel’s former employer to pay him 450,000 euros ($510,000) in compensati…
Weak U.S. productivity likely to remain a drag on profits
WASHINGTON (Reuters) – U.S. nonfarm productivity fell less sharply than initially thought in the first quarter and labor-related costs surged for a second straight quarter as companies hired more workers to raise output, suggesting profits could remain…
VW and workers agree need for bold steps to fix German plants
BERLIN (Reuters) – Volkswagen said its executives and labor bosses will begin talks next week on the future of the carmaker’s German plants as they seek to recover from a costly diesel emissions scandal.
Shell CEO eyes top spot with post-BG deal refocus
LONDON (Reuters) – Royal Dutch Shell plans to increase cost savings to $4.5 billion following its $54 billion acquisition of BG Group which Chief Executive Officer Ben van Beurden said will make it the best oil company investment, ahead of Exxon Mobil…
Viacom investors look beyond Dauman, betting on suitors
(Reuters) – Media investors are looking beyond the legal battle between the Redstone family and Viacom Inc O> CEO Philippe Dauman, speculating that a deal for the $18 billion media conglomerate could be on the horizon.
