Wal-Mart taps manufacturer database to aid U.S. reshoring drive
BENTONVILLE, Ark. (Reuters) – Wal-Mart Stores Inc has partnered with manufacturer database operator ThomasNet to help its vendors find U.S. suppliers to manufacture their products, the companies said on Wednesday.
GE has until July 16 to offer EU concessions on Alstom deal: source
BRUSSELS (Reuters) – U.S. conglomerate General Electric has just over a week to offer concessions and head off EU regulatory concerns about its 12.4-billion-euro ($13.7 billion) bid for Alstom’s power unit, a person familiar with the matter said on Wed…
Oil rises to $57 as Iran talks drag on
LONDON (Reuters) – Oil bounced back from a three-month low to around $57 a barrel on Wednesday after an industry report showed a larger-than-forecast drop in U.S. crude stocks and Iran nuclear talks failed to produce a deal.
Exclusive: JPMorgan to pay over $125 million to settle U.S. credit card debt probes
NEW YORK (Reuters) – JPMorgan Chase & Co has agreed to pay at least $125 million to settle probes by U.S. state and federal authorities that the bank sought to improperly collect and sell consumer credit card debt, according to people familiar with the matter.
U.S, UK, China economies weakening further, OECD says
PARIS (Reuters) – The U.S, UK and Chinese economies are showing fresh signs of weakening while activity in the euro zone as a whole is firming up, the Organization for Economic Co-operation and Development said on Wednesday.
China June trade seen contracting again, lending to quicken
BEIJING (Reuters) – China’s imports and exports likely declined again in June after grim readings in May, fuelling expectations that more easing may be required, especially given an ongoing liquidity crisis in the country’s stock market.
Greece and China expose limits of ‘whatever it takes’
LONDON (Reuters) – For a world so confident that central banks can solve almost all economic ills, the dramas unfolding in Greece and China are sobering.
Nissan says Takata air bag inflator caused fire in Japan crash
TOKYO (Reuters) – Nissan Motor Co on Wednesday said an air bag made by Takata Corp installed in one of its cars had deployed with too much force and caused a fire in a light crash in Japan, marking the automaker’s first such case in the country.
Ford pins China hopes on new models after flat first half
BEIJING (Reuters) – Ford Motor Co is looking to a raft of new sedan and SUV launches in China later this year to regain momentum in the world’s largest auto market, after its sales barely grew in the first half of 2015.
U.S. stock futures fall more than 1 percent as China shares plunge
TOKYO (Reuters) – U.S. stock futures extended falls in Asian trading on Wednesday, tumbling more than 1 percent as plunging Chinese shares rattled investors.
