China’s ZTE said to appeal U.S. export ban after lobby efforts fail
LONDON/WASHINGTON (Reuters) – China’s ZTE Corp will appeal tough U.S. export restrictions imposed last week, according to a person familiar with the matter, after the telecom equipment maker’s costly lobbying effort failed to allay concerns about its b…
Slim companies spend over $200 million on America Movil stock
MEXICO CITY (Reuters) – Mexican billionaire Carlos Slim’s bank and his holding company spent over $200 million between November and late February to buy nearly 350 million shares in Slim’s America Movil, according to a U.S. regulatory filing released o…
FCC likely to circulate draft order approving Charter-Time Warner Cable merger: WSJ
(Reuters) – U.S. Federal Communications Commission Chairman Tom Wheeler is likely to circulate a draft order approving Charter Communications Inc’s $56 billion deal to buy Time Warner Cable Inc , the Wall Street Journal reported, citing people familiar…
VW diesel recalls in Germany delayed by weeks: Bild
BERLIN (Reuters) – Volkswagen’s modification of about 2.5 million diesel cars in Germany is being delayed by at least six weeks, daily newspaper Bild reported on Wednesday.
Toshiba finds more accounting errors, promises improvement
TOKYO (Reuters) – Japan’s Toshiba Corp revealed additional accounting irregularities on Tuesday after a multi-billion dollar accounting scandal last year, rekindling doubts over the company’s pledge to improve transparency.
Lockheed CEO says Poland, Turkey interested in MEADS missile defense system
WASHINGTON (Reuters) – Lockheed Martin Chief Executive Marillyn Hewson said Poland and Turkey were interested in the company’s MEADS missile defense system, which has already been selected by Germany.
Chipotle sales worse than expected in Feb, first-quarter loss seen
(Reuters) – Chipotle Mexican Grill Inc’s turnaround timeline appeared to lengthen on Tuesday after the burrito seller reported a steeper-than-expected slide in February sales at established restaurants and warned that it will post its first quarterly l…
U.S. law firm says will pursue VW claims in Europe
BERLIN (Reuters) – U.S. law firm Hausfeld said it will pursue claims of European customers harmed by Volkswagen’s emissions scandal, adding to the German automaker’s mounting legal challenges.
Free burritos lure Chipotle loyalists, but will sales follow?
LOS ANGELES (Reuters) – Cesar Trejo broke his Chipotle habit after the chain’s string of food safety lapses last year. This week, a free food offer lured him back, along with the urging of three friends who had returned without getting sick.
Wall St. dips as healthcare lags before Fed statement
NEW YORK (Reuters) – Healthcare and materials stocks pulled Wall Street lower on Tuesday in a second straight day of quiet trading as investors cautiously awaited news from the U.S. Federal Reserve’s two-day policy meeting.
