Recalled cars create a costly problem for U.S. auto dealers
(Reuters) – Honda Motor Co’s order that its U.S. dealers stop selling some 2.2 million of the automakers’ most popular models is compounding financial and regulatory headaches for car dealers stuck with millions of vehicles that have potentially hazard…
As Big Oil shrinks, boards plot different paths out of crisis
LONDON/HOUSTON (Reuters) – As oil and gas companies cut ever-deeper into the bone to weather their worst downturn in decades, boards have adopted contrasting strategies to lead them out of the crisis.
Exclusive: With full power at CBS, CEO Moonves sees more aggressive move to digital
(Reuters) – CBS Corp CEO Leslie Moonves, who was given the additional title of executive chairman this week, is planning more original content and looking at taking some of his network’s shows off the air and putting them exclusively on its subscriptio…
German competition watchdog wants ‘big data’ hoards considered in merger probes: paper
FRANKFURT (Reuters) – The vast troves of consumer data held by big Internet companies should be scrutinized in merger probes because they have a big impact on competition, the president of the German antitrust watchdog told a newspaper.
China starts investigation of Sinochem Group president Cai Xiyou
BEIJING (Reuters) – Cai Xiyou, president of Sinochem Group, the Chinese energy and chemicals conglomerates, has been put under investigation for serious discipline violations, China’s main anti-corruption agency said on Saturday, using the usual euphem…
Iran says Peugeot would pay compensation for withdrawal during sanctions
DUBAI (Reuters) – The French car-maker Peugeot would pay compensation to Iran according to a new contract signed with Tehran last month, for the losses inflicted through its sudden withdrawal from the Iranian market during the sanctions, Iran’s ministe…
Is Chipotle a riskier place to eat? Hard to know
CHICAGO (Reuters) – In recent months, Chipotle has lost customers, sales and profits after outbreaks of foodborne illnesses that sickened more than 500 people from Seattle to Boston.
China says EU should take steel dumping claims to WTO
BEIJING (Reuters) – China’s Ministry of Commerce said that claims it was dumping steel in Europe should be put to the World Trade Organization (WTO), responding to reports that the European Commission (EC) was preparing to impose duties on imported Chi…
Argentina offers $6.5 billion cash deal to end debt battle
NEW YORK/BUENOS AIRES (Reuters) – Argentina offered a $6.5 billion cash payment to creditors suing the country over defaulted bonds on Friday, seeking to end a festering 14-year legal battle that transformed the country into a financial markets pariah….
Washington lawmakers nix bill linking tax breaks to Boeing jobs
SEATTLE (Reuters) – Washington state lawmakers voted down a bill on Friday that would have forced Boeing to keep a minimum number of jobs in the state in exchange for receiving billions of dollars in tax breaks. The 7-8 vote in the state’s House Financ…
