Nike Chairman Phil Knight to step down in 2016
(Reuters) – Nike Inc , the world’s largest sports shoe company, said Chairman and co-founder Phil Knight would step down next year.
U.S. approval of AT&T-DirecTV deal expected as soon as next week: sources
WASHINGTON (Reuters) – AT&T Inc’s proposed $48.5 billion acquisition of DirecTV is expected to get U.S. regulatory approval as soon as next week, according to people familiar with the matter, a decision that will combine the country’s No. 2 wireless carrier with the largest satellite-TV provider.
Virgin Atlantic to cut 500 jobs: WSJ report
(Reuters) – Virgin Atlantic Airways Ltd [VA.UL], owned by its British billionaire founder Richard Branson, is cutting about 500 jobs as it seeks to reduce costs and improve its financial resilience, the Wall Street Journal reported.
Wall St. ends up on Greek hopes ahead of debt deadline
(Reuters) – U.S. stocks finished up after a choppy trading day as investors held out hope on Tuesday for deal to keep Greece in the euro even as it veered close to a potential debt default.
GE Capital CEO sees asset sale pace speeding up in third quarter
(Reuters) – The head of General Electric Co’s finance unit said Tuesday he expects the pace of GE Capital asset sales will accelerate in the third quarter as the U.S. conglomerate eyes unloading an even bigger chunk of assets.
Emerson Electric to spin off network power business
(Reuters) – U.S. factory automation equipment maker Emerson Electric Co said it planned to spin off its network power business as part of its efforts to focus on high-growth businesses.
Ex-BP engineer deserves new Gulf spill trial: U.S. appeals court
(Reuters) – A former BP Plc engineer deserves a new trial on an obstruction of justice charge related to the 2010 Gulf of Mexico oil spill, a federal appeals court ruled on Tuesday.
China orders Airbus jets, factory agreement looms
PARIS (Reuters) – China placed a landmark order on Tuesday for dozens of wide-body jets from Airbus in a multi-billion-dollar deal that paves the way for a second European aircraft plant in the world’s fastest-growing aviation market.
Emirates reveals fuel contract details in U.S. airline subsidy claim riposte
DUBAI (Reuters) – Dubai’s Emirates airline [EMIRA.UL] on Tuesday denied claims its parent company absorbed fuel hedge losses from the carrier, giving its most detailed response yet to allegations it has violated the U.S. Open Skies agreement with the U…
U.S. economy nearing full employment, bounced back in second quarter: Fed’s Fischer
WASHINGTON (Reuters) – The U.S. economy probably bounced back to an annual growth rate of around 2.5 percent in the second quarter, and the labor market is approaching full employment, Federal Reserve vice chairman Stanley Fischer said on Tuesday.
