Airlines join forces to push EU to help lower their costs
BRUSSELS (Reuters) – Europe’s five largest airlines set aside their differences on Wednesday to urge the European Union to do more to lower airport costs and taxes.
Networked factories key to Daimler’s productivity drive
SINDELFINGEN, Germany (Reuters) – Having standardized the layout of its factories and connected them to a shared computer network, Daimler is now crunching data from them to identify the most efficient way of making a car, its head of production told R…
Wal-Mart uses tax havens to cut taxes on foreign units: advocacy group
(Reuters) – Wal-Mart Stores Inc has built a network of 78 subsidiaries and branches in 15 offshore tax havens to minimize taxes on its operations outside the United States, said a report by tax reform advocacy group Americans for Tax Fairness released …
VW chief tells staff of coming reorganisation
HAMBURG, Germany (Reuters) – Volkswagen’s chief executive told staff on Wednesday of a coming reorganisation of Europe’s biggest carmaker in the wake of the departure of its chairman.
Bondholders clash with Colt as U.S. gun maker’s bankruptcy begins
(This story has been refiled to correct second and last paragraph to show that Colt was not considering abandoning the sale, unless it is forced by the court to accept an alternative)
Senate panel to hold June 23 hearing on Takata recall
WASHINGTON (Reuters) – A U.S. Senate panel will hold a June 23 hearing on the ongoing investigation into Takata Corp’s recall of defective air bags, the Senate Commerce, Science, and Transportation Committee said in a statement on Wednesday.
FedEx swings to quarterly net loss, weighed by pensions
CHICAGO (Reuters) – Package delivery company FedEx Corp on Wednesday posted a fiscal fourth-quarter net loss of $895 million, weighed by pension costs, a stronger dollar and lower fuel surcharges.
Boeing gets 747 boost as Russian firm signs up for more freighters
PARIS (Reuters) – Russian cargo airline Volga-Dnepr Group has signed a memorandum of understanding to buy and lease a total of 20 more Boeing 747-freighters in what would be a major boost for the U.S. planemaker’s struggling four-engined jumbo.
Coty on track to clinch P&G beauty deal in coming weeks: sources
(This June 16 story has been refiled to fix typo in Procter in first paragraph)
Fed eyes mixed bag of data as new rate ‘regime’ nears
WASHINGTON (Reuters) – The U.S. Federal Reserve is meeting with the possibility of an interest rate hike squarely on the table, but with a different issue center stage: Is the worst of 2015 over?
