Brazil presents another hurdle in Monsanto’s bid for Syngenta
SAO PAULO (Reuters) – Seed giant Monsanto Co.’s unwanted takeover bid with Switzerland’s Syngenta AG would face strong resistance in Brazil should it go forward, farmers and lawyers said, a hurdle that could delay or force major concessions to the $45 …
U.S. factory orders rebound on strong demand for aircraft
WASHINGTON (Reuters) – New orders for U.S. factory goods rebounded strongly in June on robust demand for transportation equipment and other goods, a hopeful sign for the struggling manufacturing sector.
Harman: Customer Fiat Chrysler’s hacking risk isolated case
(Reuters) – Harman International Industries Inc, which supplies radios to Fiat Chrysler Automobiles NV, said the hacking risk that led the carmaker to recall 1.4 million vehicles last month seemed like an isolated case.
U.S. judge rejects American Express class action settlement
NEW YORK (Reuters) – A U.S. judge on Tuesday rejected a proposed class action settlement between American Express Co and merchants who sued the company over swipe fees, ruling that a lawyer for the merchants compromised the fairness of the agreement.
Pfizer wins EU approval for $15 billion Hospira buy
BRUSSELS (Reuters) – U.S. drugmaker Pfizer gained European Union antitrust approval on Tuesday for its proposed $15 billion acquisition of U.S. rival Hospira after pledging to sell some drugs to allay competition concerns.
BMW says worsening Chinese market could hit forecast
FRANKFURT (Reuters) – BMW , the world’s biggest luxury carmaker, warned on Tuesday that its financial forecasts for this year could be at risk from any further deterioration in the Chinese market, where its sales have begun to fall for the first time i…
Paris-Tokyo in three hours: Airbus wins patent for hypersonic plane
PARIS (Reuters) – Airbus has won a patent for a hypersonic plane, but Concorde’s hydrogen-powered successor is unlikely to leave the drawing board any time soon.
Greek stocks close down 1.2 percent, banks shed near 30 percent
ATHENS (Reuters) – Greece’s main stock index unofficially closed down 1.2 percent on Tuesday, a day after a record fall of 16.2 percent, but most losses were in the banking sector which sank around 30 percent.
GM to invest $877 million to overhaul Flint, Michigan, truck plant
DETROIT (Reuters) – General Motors Co said on Tuesday it will spend $877 million to overhaul its pickup truck factory in Flint, Michigan, capping a series of investments to keep production of profitable large pickups and sport utility vehicles rolling through a significant model change expected in 2018.
Toyota says not optimistic on China profitability
TOKYO (Reuters) – Toyota Motor Corp said it “can’t be optimistic” about profitability in China, the world’s biggest auto market, where slowing growth is forcing the Japanese manufacturer to cut prices and offer buying incentives to keep up with rivals….
