GSK sacks 110 China staff in wake of drug bribery case: sources
LONDON (Reuters) – Drugmaker GlaxoSmithKline , which was fined 3 billion yuan ($479 million) in China last year for bribery, is dismissing 110 employees in the country for misconduct, people familiar with the matter said on Friday.
Puget Sound Energy to join Calif. power market in October 2016
(Reuters) – Puget Sound Energy [PSPLP.UL] will join the California power market in October 2016, the Bellevue, Washington- based company and the California Independent System Operator (ISO) announced on Thursday.
Nissan expands North America hood latch recall to 878,000 Altima sedans
DETROIT (Reuters) – Nissan Motor Co expanded the North American recall of its top-selling Altima sedan to about 878,000 vehicles because a secondary hood latch may fail and cause the hood to fly up while the car is in motion, according to a company fil…
Ford Romania to lay off roughly 500 staff
BUCHAREST (Reuters) – Ford Motor Co said on Friday it would lay off about 500 people at its Romanian division this year, less than initially envisioned.
Daimler to invest $500 million in U.S. plant to make commercial vans
DETROIT (Reuters) – Daimler AG said on Friday it will spend $500 million to build a new assembly plant in South Carolina that will make large commercial vans and result in the creation of more than 1,300 jobs.
BP and partners to invest $12 billion in Egypt Gas deal
LONDON/CAIRO (Reuters) – British oil company BP expects to invest around $12 billion with its partners as part of a finalised West Nile Delta concession deal to develop 5 trillion cubic feet of gas resources and 55 million barrels of condensates.
Apple lets companies fine-tune apps before watch debut: Bloomberg
(Reuters) – Apple Inc has allowed some companies to test their apps on its yet-to-be-launched Apple Watch and adjust the tools to the watch’s design, Bloomberg reported.
Iran would sell more oil if Western sanctions lifted: Mehr agency
ANKARA (Reuters) – Iran said oil prices would not rise above $60 a barrel until 2016 and that it would increase crude exports if Western sanctions over its nuclear program were lifted, the semi-official Mehr news agency reported on Friday.
Tougher test awaits Deutsche Bank after clearing first Fed check
FRANKFURT (Reuters) – Deutsche Bank AG has passed the first “stress test” set by U.S. regulators but is unlikely to clear the next hurdle as the German bank struggles to tighten compliance fast enough to appease controllers at the Federal Reserve.
Dollar revs up for jobs data, euro bonds rally on ECB
LONDON (Reuters) – The dollar hit a new 11-year high against major currencies on Friday as investors bet the monthly U.S. jobs report would add to the chance of rate hikes, even as the European Central Bank embarks on a 1 trillion euro campaign of bond…
