Lufthansa pilots to strike at Munich airport on Wednesday: union
BERLIN (Reuters) – Lufthansa pilots will hold a eight-hour strike at Munich airport on Wednesday, union Vereinigung Cockpit said on Tuesday, the third strike by the German airline’s pilots within two weeks.
Rosneft struggles to grow as sanctions hit Russia’s oil champion
By Dmitry Zhdannikov, Vladimir Soldatkin and Katya Golubkova
GM’s China JV recalls 38,328 Cadillacs on brake software glitch
SHANGHAI (Reuters) – General Motor Co’s main Chinese joint venture is recalling 38,328 Cadillac sedans in China due to a glitch in brake control software, the country’s quality watchdog said on Tuesday.
Morgan Stanley to pay $95 million in U.S. mortgage-debt settlement
NEW YORK (Reuters) – Morgan Stanley has agreed to pay $95 million to resolve a lawsuit accusing the Wall Street bank of misleading investors in mortgage-backed securities in the run up to the 2008 financial crisis.
Telefonica trials to take AT&T home security technology overseas
(Reuters) – AT&T Inc on Monday said Spain’s Telefonica SA will license its home security technology for limited trials in Europe as the U.S. carrier hopes it has found a new way to profit from its nascent connected-home business.
Alibaba talks corporate governance to potential IPO investors
(Reuters) – Alibaba Group Holding Ltd founder Jack Ma on Monday surprised potential investors at a standing-room only event in New York by addressing governance concerns over the Chinese e-commerce giant, including a controversial 2010 spin-off of its …
SAC’s Martoma gets nine years prison for insider trading
NEW YORK (Reuters) – Mathew Martoma, a former portfolio manager at billionaire Steven A. Cohen’s SAC Capital Advisors LP hedge fund, was sentenced on Monday to nine years in prison for engaging in what authorities called the most lucrative insider trad…
U.S. consumer credit soars in July with biggest gain since ’01
WASHINGTON (Reuters) – U.S. consumer credit soared in July, posting its biggest jump since November 2001, driven in part by demand for auto loans and student borrowings.
Ryanair buys 100 Boeing 737 MAX jets, sees fare price war
(Reuters) – Ryanair Holdings Plc , Europe’s largest low-cost carrier, signed a deal on Monday to buy 100 Boeing Co 737 MAX jetliners for up to $11 billion, launching a new version of the single-aisle plane that will allow it to squeeze in more passenge…
Home Depot confirms payment systems were breached
(Reuters) – Home improvement retailer Home Depot Inc confirmed on Monday that its payment security systems have been breached, which could impact customers using payment cards at its stores in the United States and Canada.
