Ending of Google antitrust case still open: EU’s Vestager
BRUSSELS (Reuters) – Europe’s antitrust chief said on Wednesday it was still undecided if an antitrust case against Internet search giant Google would end with a fine or a settlement, which would mean no fine.
Bank of America close to naming new general counsel: WSJ
(Reuters) – Bank of America Corp is close to naming outgoing Ford Motor Co General Counsel David Leitch as its new general counsel, The Wall Street Journal reported on Wednesday.
Avon to take ‘critical’ look at dividends in 2016
(Reuters) – Avon Products Inc , a direct seller of cosmetics, said it would look at dividend payments with a “more critical lens” in 2016, as it expects a bigger impact from the strong dollar.
Exclusive: Renault-Nissan boardroom fight masks French merger push
PARIS (Reuters) – French Economy Minister Emmanuel Macron is pressuring Renault boss Carlos Ghosn to undertake a full merger with alliance partner Nissan on the government’s terms, people with knowledge of the matter said.
Groupon deals another blow to investors
(Reuters) – Exactly four years ago, Groupon Inc’s initial public offering was priced at $20, valuing the company at $13 billion.
IMF currency basket review of Chinese yuan set for November
BEIJING/SHANGHAI (Reuters) – International Monetary Fund policymakers plan to meet in November to review whether to include the Chinese yuan in the Fund’s reserve currency basket, but a specific date has not been set, the IMF said in a statement on Wed…
Exclusive: OPEC confidential report sees market share squeeze to 2019
(Reuters) – Global demand for OPEC’s crude oil will remain under pressure in the next few years, the producer group said in an internal report, potentially fuelling a debate on its strategy of defending market share rather than prices.
New offerings help Michael Kors sales and profit beat expectations
(Reuters) – Handbag and accessories maker Michael Kors Holdings Ltd , one of hottest names in “affordable luxury”, reported better-than-expected second-quarter sales and profit, helped by new offerings such as cross-body satchels and large wallets.
Global stocks get a lift from growth hopes
LONDON (Reuters) – Global equities were set for their third straight day of gains on Wednesday, buoyed by positive economic data and a fresh pledge from the European Central Bank to ramp up stimulus if necessary.
EU plans to tackle throw-away economy: document
BRUSSELS (Reuters) – EU regulators plan to make it easier to repair or re-use anything from electrical appliances to buildings, saying in a draft document that instruction manuals need to explain how to mend, rather than just throw away goods.
