Jessica Alba’s Honest Co rejects report on detergent ingredients
(Reuters) – Honest Co, the shopping startup co-founded by actress Jessica Alba, rejected a Wall Street Journal report that the company used ingredients in its laundry detergent it had pledged to avoid.
Exclusive: Ethics watchdog for Norway’s $830 billion wealth fund sees increase in bans on firms
OSLO (Reuters) – The ethics watchdog for Norway’s $830-billion wealth fund will focus this year on identifying corruption in telecoms, arms and energy companies and expects to recommend that an increasing number of firms across all sectors be barred fr…
Munich Re CEO won’t renew contract: manager magazin
FRANKFURT (Reuters) – Munich Re is set to get its first new chief executive in more than a dozen years when Nikolaus von Bomhard’s contract expires at the end of this year, Germany’s manager magazin reported on Friday, citing company sources.
Kia eyes steady sales, increased market share in Russia
MOSCOW (Reuters) – Kia Motors plans to maintain sales in Russia this year and build on its position as the country’s third-largest carmaker by increasing its share of the ailing market, the company’s Russian managing director told Reuters.
IEA says oil may have bottomed as non-OPEC producers cut output
LONDON (Reuters) – Oil prices might have bottomed as production declines in the United States and other non-OPEC producers accelerate and an increase in Iranian supply has been less than dramatic, the International Energy Agency said on Friday.
Germany has ‘great trust’ in VW to clear up all affairs
BERLIN (Reuters) – Germany’s Economy Ministry has “great trust” that carmaker Volkswagen will clear up all allegations and achieve a solution with U.S. authorities in the car emissions probe.
Exclusive: Shell names Lazard to advise on $30 billion asset sales
LONDON (Reuters) – Royal Dutch Shell has appointed investment bank Lazard to advise it on a $30 billion asset sale program following its acquisition of BG Group last month, several banking and industry sources said on Friday.
Calmer markets, positive data prime Fed to push ahead with rate rises
WASHINGTON (Reuters) – Barely a month ago Federal Reserve Chair Janet Yellen cut an isolated figure in her semi-annual testimony to Congress, forced to defend the U.S. central bank’s data-dependent approach while around her stocks plunged and oil price…
Tycoon Mallya denies ‘fleeing’ India, Delhi left red-faced over exit
NEW DELHI/MUMBAI (Reuters) – Tycoon Vijay Mallya, under pressure from banks to repay more than $1 billion owed by his collapsed airline, on Friday refuted claims he had fled India as politicians traded recriminations over how he was able to fly to Brit…
‘Hamburgers’, ‘hotdogs’ and how air bag rivals are struggling to displace Takata
TOKYO (Reuters) – Replacing potentially lethal Takata Corp air bags in a mass recall is more challenging and time-consuming than expected as rival parts suppliers struggle to make bag inflators that replicate the originals fitted by the Japanese firm.
