U.S. appeals court rules for GM over Spyker’s Saab sale
(Reuters) – General Motors Co persuaded a federal appeals court to uphold the dismissal of a $3 billion lawsuit in which Spyker NV accused it of derailing a plan to sell the Swedish automaker Saab to a Chinese company.
25 European banks set to fail health checks: sources
FRANKFURT (Reuters) – A group of 25 banks have failed European health checks, while up to 10 of those continue to have a capital shortfall, two people familiar with the matter said on Friday, providing a snapshot of the health of the region’s lenders.
P&G to exit Duracell battery business; quarterly sales dip
(Reuters) – Procter & Gamble Co on Friday said it would sell its Duracell battery business, probably through a split-off into a separate company, as it looks to focus on faster-growing brands.
Deutsche Bank braces for $1.3 billion in U.S., UK Libor fines: sources
FRANKFURT (Reuters) – Deutsche Bank is bracing to pay almost 1 billion euros ($1.3 billion) for Libor-related fines as it nears a deal with U.S. and UK authorities to settle allegations it attempted to manipulate the benchmark interest rate, two source…
U.S. House panel to meet with safety regulators about Takata air bags next week
WASHINGTON/DETROIT (Reuters) – The U.S. House committee looking into the defective air bags made by Japanese supplier Takata Corp will hold an initial briefing with U.S. safety regulators next week to learn the details of the regional recalls affecting…
ECB’s Draghi tells euro zone more needed to avoid another crisis
BRUSSELS (Reuters) – France and Italy renewed their commitment to reform their economies on Friday in the hope of winning more time to bring their public finances in order but the ECB’s president warned more needed to be done to avoid “a relapse into r…
Port squeeze threatens U.S. retailers’ holiday stocking plans
CHICAGO/LOS ANGELES (Reuters) – A shortage of transportation equipment and possible labor disruptions at the Los Angeles/Long Beach port complex, the nation’s busiest, is delaying shipping containers for up to three weeks, threatening timely delivery to retailers for the holiday season.
UPS may hike charges for major customers for holiday package surges
CHICAGO (Reuters) – United Parcel Service Inc may charge major customers more for a surge in late, unplanned packages or turn down the business if it threatens disruptions during the peak holiday season, a top executive said on Friday, trying to avoid …
Chesapeake Oilfield Services pulls IPO plans
(Reuters) – Chesapeake Oilfield Services, a unit of Chesapeake Energy Corp , said on Friday it would withdraw its plans for an initial public offering.
U.S. new home sales at six-year high; recovery still fragile
WASHINGTON (Reuters) – Sales of new U.S. single-family homes rose to a six-year high in September, but a sharp downward revision to August’s sales pace indicated the housing recovery remains tentative.
