With no U.S. export financing, GE to build engines in Europe
(Reuters) – General Electric Co plans to create a development center for turboprop engines in Europe after ruling out the United States, raising pressure on Congress to revive U.S. export financing after Congress allowed the Export-Import Bank’s charte…
SAP boss McDermott loses eye after falling down stairs
FRANKFURT (Reuters) – The chief executive of SAP , Europe’s biggest software firm, lost an eye and was briefly in life-threatening danger after falling down a flight of stairs in July, the company said on Thursday.
Airlines liable for compensation in case of unforeseen technical faults: EU court
BRUSSELS (Reuters) – Airlines have to pay passengers compensation when flights are canceled or delayed due to unforeseen technical problems, the European Union’s top court ruled on Thursday, handing a victory to consumers.
Even as Fed mulls hike, markets see chance of another ECB cut
LONDON (Reuters) – A year after Mario Draghi said European Central Bank interest rates had reached bottom, euro zone money markets are discounting a fair chance they could be lowered again – regardless of rising interest rates across the Atlantic.
Global stocks at three-week highs as Fed decision looms
LONDON (Reuters) – World stocks inched to a three-week high on Thursday while the dollar drifted lower against other currencies, as investors consolidated positions ahead of a nail-biting U.S. Federal Reserve interest rate decision.
Brewer AB InBev seeks $275 billion tie-up with SABMiller
BRUSSELS/LONDON (Reuters) – Anheuser-Busch InBev, the world’s largest brewer, has approached rival SABMiller about a takeover that would form a colossus producing a third of the world’s beer.
Cigna CEO defends Anthem deal, says consumer will still have choice
NEW YORK (Reuters) – Health insurer Anthem’s planned $47 billion takeover of rival Cigna will not hurt consumers but increase choice and affordability, Cigna CEO David Cordani said, defending the merger against widespread criticism that it will harm co…
Intervention amplified losses for ETFs tracking China mainland
BOSTON/NEW YORK (Reuters) – Just as China shows that its domestic stock market can be something of a one-way street — investors can put money in, but not take money out – the biggest mutual fund company, Vanguard Group, is moving ahead with plans to expose more mom-and-pop investors to the country’s heavily restricted exchanges.
Wal-Mart worker group splits in two; both sides vow to continue wage fight
CHICAGO/LOS ANGELES (Reuters) – A Wal-Mart Stores Inc worker group that has been one of the loudest voices pushing the retailer to boost wages and improve conditions has splintered over a disagreement about funding and strategic direction, according to…
Honda launches a new Civic small car into an SUV crazy world
DETROIT (Reuters) – Honda Motor Co unveiled the tenth generation of its Civic small car Wednesday, aiming to reinvigorate its best-selling model at a time when many consumers are bypassing small sedans for sport utility vehicles.
