Lawsuit over Duracell batteries guarantee is thrown out
(Reuters) – A federal judge threw out a lawsuit accusing Procter & Gamble Co of misleading consumers by guaranteeing that Duracell batteries would not fail for 10 years, when in fact the batteries might leak when used or stored normally.
Banks face slump in trading revenue as ‘bad’ volatility bites
LONDON (Reuters) – Banks are facing a slump of 15 percent in market trading revenue in the first quarter, spoiling what is normally the most lucrative period when investors put their money to work at the start of the year.
India ‘not scared’ if Monsanto leaves, as GM cotton row escalates
NEW DELHI (Reuters) – U.S. seed company Monsanto is welcome to leave India if it does not want to lower prices of genetically modified cotton seeds as directed by the government, a minister said on Wednesday, in a sign the rift between New Delhi and th…
UBS to cut around 300 investment banking jobs: sources
LONDON (Reuters) – Swiss bank UBS plans to cut around six percent of its investment banking jobs in Europe in the coming weeks, two sources familiar with the matter told Reuters.
BMW shifts focus towards harnessing technology
MUNICH (Reuters) – German carmaker BMW said it will focus on electric vehicles and automated driving and develop its software and technology services as part of a new strategy for the 100-year-old carmaker.
Exclusive: Noble Group in talks with banks for $1.5 billion unsecured loan – sources
SINGAPORE/HONG KONG (Reuters) – Noble Group is in advanced talks to raise a large unsecured loan from banks that will help repay its debt maturing in May, the loss-making commodity trader’s head of treasury said, a move that could help it win back inve…
Drugmaker Valeant faces debt default risk; shares plunge 50 percent
(Reuters) – Valeant Pharmaceuticals International Inc’s shares plunged 50 percent on Tuesday after the company said a delay in filing its annual report put it in danger of a default on its $30 billion in debt.
China’s Premier Li says confident in economy, vows no hard landing
BEIJING (Reuters) – China’s Premier Li Keqiang defended the government’s economic policies on Wednesday, vowing there would be no mass layoffs and no hard landing for the world’s second-largest economy even as the government presses ahead with painful …
Fractured electorate hampers efforts to mend ‘slow puncture’ economy
LONDON (Reuters) – The combination of a slow-growth world of shrinking policy options and the splintered political voting patterns it’s fostered is stifling the global economy at a critical juncture.
Caesars could face $5 billion hit from unit’s bankruptcy: examiner
CHICAGO (Reuters) – Caesars Entertainment Corp and its private equity backers could be on the hook for up to $5.1 billion in potential damages over a series of corporate deals that a court-ordered examiner said Tuesday led to a $18 billion bankruptcy p…
