Lufthansa pilots threaten strike as talks fail again
BERLIN (Reuters) – German pilots’ union Vereinigung Cockpit (VC) said it was planning further industrial action at Lufthansa after talks over an early retirement scheme once again broke down.
Tesco bosses could face UK parliamentary scrutiny over accounting scandal: BBC
LONDON (Reuters) – British lawmakers might want to grill top executives at Tesco about the overstatement of profits that has thrown the world’s third-biggest retailer into turmoil, BBC radio reported on Thursday.
JPMorgan tops investment bank league table in first half
LONDON (Reuters) – JPMorgan was the top performing investment bank in the first half of the year, making $11.5 billion in revenue and ranking first for both its fixed income and deals advisory businesses, data showed on Thursday.
Asia airlines raise hedging volumes on oil price fall
SINGAPORE (Reuters) – Airlines in Asia are stepping up jet fuel hedge volumes after oil prices fell below $100 a barrel this month, with some locking in fuel purchases as far out as 2016, suggesting airlines see oil prices bottoming.
GSK chooses Philip Hampton as next chairman
LONDON (Reuters) – GlaxoSmithKline said on Thursday it had chosen Philip Hampton, who currently chairs Royal Bank of Scotland , as its next chairman.
China considering replacing central bank head: WSJ
(Reuters) – Chinese central bank Governor Zhou Xiaochuan, an advocate of pro-market financial reforms, may lose his job in a reshuffling that follows internal battles over overhauling the economy, the Wall Street Journal reported on Wednesday.
Ford to add 1,200 jobs, shift for Transit van assembly in Missouri
DETROIT (Reuters) – Ford Motor Co said on Thursday by year end it will add 1,200 jobs and a second shift to build the Transit commercial van at a plant in Missouri, making it the automaker’s largest volume factory globally.
GM compensation fund makes first offers to victims, gets more claims
DETROIT (Reuters) – The fund to compensate for deaths or injuries linked to General Motors Co vehicles with faulty ignition switches this week made its first cash offers to about 15 people, the office of the lawyer overseeing the program said on Wednes…
GM’s Cadillac adopts new naming scheme as part of brand overhaul
DETROIT (Reuters) – General Motors Co’s premium Cadillac brand will adopt a new naming scheme to better compete against overseas luxury rivals as the company’s new leader Johan de Nysschen continues to overhaul the unit.
Wall St. rallies, S&P back above 14-day moving average
NEW YORK (Reuters) – U.S. stocks jumped in a broad advance on Wednesday, with the S&P 500 snapping a three-day losing streak and climbing back above a key technical level in a move that pointed to improving near-term momentum.
