Virginia auto dealer group sues Tesla to stop second store in state
DETROIT (Reuters) – The Virginia Automobile Dealers Association (VADA) on Wednesday filed a lawsuit against Tesla Motors Inc and Virginia state officials to keep the electric car maker from opening a second dealership in the state.
Oil rally lifts Wall Street, extending tight correlation
(Reuters) – U.S. stocks rose in low volume on Wednesday, led once more by the direction of the price of oil and energy sector shares.
Signs of life for Apple’s stock as Wall St. eyes new iPhone
SAN FRANCISCO (Reuters) – After months of declines in Apple’s stock, sentiment appears to be mending as investors focus on steady earnings expectations and bet that the expected launch of a new iPhone will add badly-needed fuel to sputtering sales.
Oil rallies, lifts stocks while euro stays steady
NEW YORK (Reuters) – Oil prices resumed a more than month-long rally on Wednesday, helping to lift world stock markets, while the euro held steady ahead of this week’s European Central Bank meeting.
Mexico’s ICA has prepared bankruptcy filing as precaution: sources
MEXICO CITY (Reuters) – Mexican construction firm ICA has readied a bankruptcy protection filing in case it fails to restructure its hefty debt load outside of court, people familiar with the matter said, adding the board was meeting on Wednesday to di…
Criminals in Bangladesh heist likely studied bank’s inner workings
BOSTON (Reuters) – The perpetrators of a $100 million digital heist at Bangladesh’s central bank had deep knowledge of the institution’s internal workings, likely gained by spying on bank workers, security experts said.
Cleanup of Massachusetts Chipotle complete after norovirus illnesses
BILLERICA, Mass./LOS ANGELES (Reuters) – A health official on Wednesday commended Chipotle Mexican Grill Inc for its handling of norovirus infections at a Boston-area restaurant, saying employees prevented more problems by calling in sick rather than r…
Exclusive: Teva set to win EU okay for $40.5 billion Allergan deal – sources
BRUSSELS (Reuters) – Teva Pharmaceutical Industries is expected to win EU antitrust approval for its $40.5 billion bid for Allergan’s generics unit after agreeing to sell off some of its products to appease regulators, three people familiar with the ma…
Exclusive: Teva set to win EU okay for $40.5 billion Allergan deal – sources
BRUSSELS (Reuters) – Teva Pharmaceutical Industries is expected to win EU antitrust approval for its $40.5 billion (24.4 billion pounds) bid for Allergan’s generics unit after agreeing to sell off some of its products to appease regulators, three peopl…
China’s ZTE says suppliers need to apply for U.S. export licence
HONG KONG (Reuters) – Chinese telecommunications equipment maker ZTE Corp said on Wednesday its suppliers must seek licences to provide materials, in line with newly imposed U.S. restrictions on the company.
