GM plans new vehicle program for Michigan plant, to add 300 jobs
ORION TOWNSHIP, Mich. (Reuters) – General Motors Co on Monday announced it will add 300 jobs and spend $245 million for an “all-new vehicle program” at its Orion Assembly plant near Detroit.
California ruling seen unlikely to dent value of Uber, other start-ups
(Reuters) – A California ruling requiring Uber to classify a San Francisco-based driver as an employee instead of an independent contractor could potentially change how sharing-economy companies operate, but it is unlikely to dent their value, investor…
SoftBank, partners eye $20 billion investment in Indian solar projects
NEW DELHI (Reuters) – Japan’s Softbank Corp , together with Bharti Enterprises and Taiwan’s Foxconn , will invest about $20 billion in solar projects in India, in one of the biggest investment pledges to date in the country’s renewable energy sector.
Cabin crew give Lufthansa deadline to avoid strike
FRANKFURT (Reuters) – German airline Lufthansa faces a June 30 deadline to make concessions to cabin crew over pay and pensions or suffer further strikes that would compound the effects of a costly dispute with its pilots.
Global markets rally on Greek optimism
LONDON (Reuters) – Global stocks, the euro and peripheral euro zone bonds all rose on Monday, lifted by a wave of optimism that Greece and its international creditors will strike a last-minute deal that will see Athens avert default.
Facebook gaining ground on YouTube in video ads, report says
FRANKFURT/PARIS (Reuters) – Facebook is gaining ground on Google’s YouTube as an outlet for big companies to market their products via online videos, the fastest growing category of Internet ads, a report published on Monday said.
Cigna rebuffs Anthem’s ‘deeply disappointing’ proposal
(Reuters) – Health insurer Cigna Corp rebuffed Anthem Inc’s $47 billion merger proposal on Sunday, saying it was “deeply disappointed” with Anthem’s recent actions and the offer was not in the best interest of shareholders.
BOJ says factory output likely hit soft patch in April-June
TOKYO (Reuters) – The Bank of Japan said it expects factory output to fall for the first time in three quarters in April-June on weak Asian demand, underscoring the fragile nature of the economic recovery.
Exclusive: Banks did not do enough to police FIFA transactions, says global agency
LONDON/ST. LOUIS (Reuters) – A global group of government anti-money-laundering agencies said that financial institutions have not done enough to police suspicious financial activity by officials at soccer’s global governing body FIFA, and cautioned ba…
BOJ has ample means to hit two percent price goal: Kuroda
TOKYO (Reuters) – Bank of Japan Governor Haruhiko Kuroda said on Monday the central bank has ample means to achieve its goal of accelerating inflation to 2 percent and keeping it there in a stable manner.
