EU charges Russia’s Gazprom, alleging price gouging
BRUSSELS (Reuters) – The European Union launched a legal attack on Gazprom on Wednesday, stoking tension with Moscow as it accused the Russian gas giant of overcharging buyers in Eastern Europe and hindering competition.
Peugeot, IBM working to connect cars to shops and servicing
FRANKFURT (Reuters) – PSA Peugeot Citroen and IBM are working together to hook cars up to the Internet, going beyond mapping and infotainment to link vehicles up to shops, service networks and urban transport grids, the companies said on Wednesday.
Teva’s turnaround CEO sets sights on $40 billion mega-deal
TEL AVIV (Reuters) – Israeli turnaround specialist Erez Vigodman, the chief executive of Teva Pharmaceutical Industries , is looking to pull off the ultimate transformation with the biggest deal in Israel’s corporate history.
Economy to rebound in second quarter; strong dollar a threat: Reuters poll
WASHINGTON (Reuters) – U.S. economic growth is set to rebound in the second quarter, but a strong dollar could slow momentum and push the first interest rate hike from the Federal Reserve to later this year, a Reuters poll found.
Political pressure mounts on Deutsche Bank over restructuring
BERLIN/FRANKFURT (Reuters) – Deutsche Bank co-chief executives Anshu Jain and Juergen Fitschen met with German finance minister Wolfgang Schaeuble late on Monday, sources close to the matter said on Wednesday, ahead of a decision on a major restructuri…
Wall St. to open flat on mixed bag of earnings
(Reuters) – U.S. stocks were set to open little changed on Wednesday as investors keep an eye on a mixed bag of earnings and ahead of housing sector data.
Coke reports revenue growth for first time in nine quarters
(Reuters) – Coca-Cola Co on Wednesday reported a rise in revenue for the first time in nine quarters, helped by a 6 percent increase in North America, its biggest market.
Boeing profit jumps 38 percent on higher jet deliveries
(Reuters) – Boeing Co reported a 38 percent increase in quarterly profit, helped by rising demand for commercial aircraft.
ECB to fund Greek banks as long as they stay solvent: Coeure
ATHENS (Reuters) – The European Central Bank will continue to fund Greek banks as long as they stay solvent and have enough collateral, Executive Board Member Benoit Coeure told a newspaper on Wednesday, dismissing talk that Athens might ditch the euro…
Rolls-Royce appoints acclaimed technology executive as CEO
LONDON (Reuters) – Aircraft engine maker Rolls-Royce has turned to one of Britain’s most successful technology executives, Warren East, to restore its fortunes after a year marred by falling profit, job cuts and canceled orders.
