UK lawmakers to call up HSBC, tax office over Swiss tax allegations
LONDON (Reuters) – British lawmakers said on Thursday they planned to take evidence from HSBC and the UK tax authority over allegations that some clients of HSBC’s Swiss private bank evaded tax.
Online travel agency Expedia to buy rival Orbitz for $1.38 billion
(Reuters) – Expedia Inc said it would buy Orbitz Worldwide for about $1.38 billion in cash, its third acquisition in four months, to take on larger rival Priceline Group Inc in a burgeoning online travel industry.
S&P owner McGraw Hill reports loss on $1.5 billion legal charge
(Reuters) – McGraw Hill Financial Inc , parent of Standard & Poor’s ratings agency, reported a quarterly loss, hurt by a $1.5 billion charge related to legal and regulatory settlements.
U.S. retail sales weak, consumer spending gauge barely rises
WASHINGTON (Reuters) – U.S. consumer spending barely rose in January as households cut back on purchases of a range of goods, suggesting the economy started the first quarter on a softer note.
U.S. jobless claims rise more than expected in latest week
WASHINGTON, Feb 12 (Reuters) – The number of Americans filing new claims for unemployment rose more than expected last week, but the underlying trend remained consistent with a strengthening labor market.
American Express, Costco to end U.S. credit card partnership
(Reuters) – American Express Co said it will stop issuing credit cards co-branded with Costco Wholesale Corp in the United States from March 31, 2016.
Russia-Ukraine deal, Swedish quantitative easing eclipse Greek doubts
LONDON (Reuters) – A ceasefire between Russia and Ukraine and a surprisingly aggressive stimulus from Sweden’s central bank injected life into world markets, which had been numbed by a stalemate between Greece and its euro zone creditors.
Bombardier names new CEO in management rejig
(Reuters) – Bombardier Inc Chairman Laurent Beaudoin is retiring after more than 50 years as part of a management shuffle that also brings in a new chief executive at a time when the company is struggling with delays in its CSeries jet program.
Four retailers pull some dietary aids off shelves after probe: NYT
(Reuters) – Walgreens Boots Alliance Inc , Wal-Mart Stores Inc , GNC Holdings Inc and Target Corp agreed to remove certain dietary supplements off their shelves in New York after receiving a threat of legal action from the state’s attorney general, the…
Apple’s inability to monitor standards lets Pegatron pay low wages, NGO says
TAIPEI (Reuters) – A labor rights group said Apple Inc is unable to effectively monitor standards along some of its supply chain, allowing companies such as Taiwanese assembler Pegatron Corp to keep base wages below local living expenses.
