Ex-AIG CEO Greenberg says will appeal bailout ruling
WASHINGTON (Reuters) – Former American International Group chief executive Maurice “Hank” Greenberg will appeal a U.S. judge’s ruling that awarded him and other shareholders no damages over the company’s 2008 bailout, his company Starr International Co…
Greek PM tears into lenders as euro zone prepares for ‘Grexit’
ATHENS/BERLIN (Reuters) – Prime Minister Alexis Tsipras accused Greece’s creditors on Tuesday of trying to “humiliate” Greeks with more cuts as he defied a growing drumbeat of warnings that Europe was preparing for his country to leave the euro.
Venezuela chides Procter & Gamble over sanitary pad prices
CARACAS (Reuters) – Venezuela’s socialist government has criticized U.S.-based Procter & Gamble for charging “criminal” prices for sanitary towels selling for a fifth of the monthly minimum wage.
Constellation Brands to invest over $2 billion in Mexico beer plant expansion
MEXICO CITY (Reuters) – Alcoholic beverage maker Constellation Brands Inc said on Tuesday it is in the process of investing more than $2 billion in its Mexican operation.
Nestle cuts 15 percent of its Africa workforce: FT
(Reuters) – Swiss food and drinks company Nestle SA is cutting 15 percent of its workforce in 21 African countries because it says it overestimated the rise of the middle class, the Financial Times reported.
United Airlines to end service at NYC’s JFK airport after losses
NEW YORK (Reuters) – United Airlines said on Tuesday it plans to end service in October at New York’s John F. Kennedy International Airport, where it failed to profit over seven years because it offered few connections to other cities, and add flights …
Toyota expands Takata U.S. air bag recalls by 1.37 million vehicles
DETROIT (Reuters) – Toyota Motor Corp will recall almost 1.37 million more vehicles in the United States due to potentially deadly front passenger-side air bags made by Japan’s Takata Corp , Toyota said on Tuesday.
Exclusive: Blackstone, Carlyle in $10 billion-plus bid for NCR
(Reuters) – Blackstone Group LP and Carlyle Group LP are making a joint bid for NCR Corp in a leveraged buyout that would be the year’s biggest at more than $10 billion, including debt, people familiar with the matter said on Tuesday.
U.S. building permits near eight-year high; starts pull back
WASHINGTON (Reuters) – U.S. permits for future home construction surged to a near eight-year high in May, suggesting a building up of momentum in housing and the broader economy after a dismal performance at the start of the year.
Commercial plane orders slow; jetmakers focus on backlog
PARIS (Reuters) – The boom in commercial plane orders of recent years appears to be giving way to a more sustainable pace of demand at the 2015 Paris air show, with jetmakers increasingly focused on lifting production to meet their record backlog of sa…
