Delta no longer plans on 60 Boeing orders due to pilot vote: CEO
(Reuters) – Delta Air Lines Inc no longer plans to purchase 20 used and 40 new single-aisle aircraft from the Boeing Co now that its pilots rejected a tentative contract proposal, according to Delta’s Chief Executive Officer Richard Anderson.
Toshiba to book $2-$3 billion losses over accounting scandal
TOKYO (Reuters) – Toshiba Corp expects to book charges of 300 billion to 400 billion yen ($2.4-3.2 billion) related to improper accounting, people briefed on the matter said on Wednesday, as Japan’s biggest accounting scandal in years expands.
China growth beats forecasts but stocks dive again
BEIJING (Reuters) – China’s economy grew an annual 7 percent in the second quarter, beating analysts’ forecasts, though its volatile stock markets took a sharp dive in a reminder of the threats to Beijing’s efforts to direct the economy out of a slowdo…
Barclays says Rake to stay as deputy chairman until end of 2015
LONDON (Reuters) – Barclays said on Wednesday that Michael Rake intends to continue as the bank’s deputy chairman and senior independent director until at least the end of 2015.
Exclusive: ECB pressures German bank HSH to cut bad loans in half – sources
FRANKFURT (Reuters) – The European Central Bank (ECB) is pressing German lender HSH Nordbank to cut in half its bad-loan ratio, as the supervisor steps up reform pressure on weak banks, two sources familiar with the matter told Reuters.
European markets rise before Yellen speech, Greek vote
LONDON (Reuters) – European stocks rose and bond yields fell on Wednesday, with investors optimistic that the Greek parliament will approve a vital third bailout, although the moves were limited before a speech by Federal Reserve chief Janet Yellen.
Fiat Chrysler boss says no plans for another GM offer: New York Times
MILAN (Reuters) – The chief executive of Fiat Chrysler Automobiles (FCA) Sergio Marchionne does not plan to make another offer to merge with General Motors after being rejected by its U.S. rival four months ago, the New York Times quoted him as saying….
U.S. Chamber calls for long list of reforms for SEC enforcement program
WASHINGTON (Reuters) – The U.S. Chamber of Commerce called for numerous reforms to the Securities and Exchange Commission’s investigative process on Wednesday, in a new report some of whose provisions the markets watchdog said would weaken its ability …
Toshiba CEO to step down in September in accounting scandal: sources
(Reuters) – Toshiba Corp Chief Executive Hisao Tanaka will step down in September along with other board members including Vice Chairman Norio Sasaki to take responsibility for accounting irregularities, sources familiar with the matter said.
Toyota recalls 625,000 hybrid cars globally for software glitch
TOKYO (Reuters) – Toyota Motor Corp said on Wednesday it would recall about 625,000 hybrid cars globally to fix a software glitch that could, in limited cases, shut down the hybrid system while the car is being driven.
