UK government lends hand to BP in U.S. Gulf oil spill rulings
(Reuters) – The British government has urged the U.S. Supreme Court to review appeals court rulings against BP Plc over a 2010 Gulf of Mexico oil spill that produced one of the largest class actions in American history.
Revised data show Japan second-quarter GDP shrank more than expected
TOKYO (Reuters) – Japan’s economy shrank an annualised 7.1 percent in April-June from the previous quarter, more than a preliminary estimate, underscoring concerns the hit from an April increase in the sales tax may have been bigger than expected.
State support for job cuts boosts prospects of latest Malaysia Airlines plan
SINGAPORE (Reuters) – The plan to save Malaysia Airlines (MAS) could succeed where past endeavours have failed because the government has finally put politics aside by agreeing to sweeping job cuts, people briefed on the restructuring told Reuters.
IMF’s Lagarde urges France to speed up structural reforms: report
PARIS (Reuters) – The head of the International Monetary Fund (IMF) is urging France to speed up structural reforms to bolster economic growth and warning against using weak inflation as an excuse to relax public deficit reduction efforts.
GM to offer connected car, automated driving technology in 2016
DETROIT (Reuters) – General Motors Co will introduce in two years its first car that can communicate with other vehicles to help avoid accidents and ease traffic congestion, Chief Executive Mary Barra said on Sunday.
WeChat helps Apple rack up bonus points in China
BEIJING (Reuters) – Apple Inc has a lot for which to thank people like Deng.
Boeing, Ryanair to make major fleet announcement on Monday
NEW YORK (Reuters) – Boeing Co > and Ryanair Holdings PLC plan to make a significant fleet announcement on Monday, following reports last Friday that the low-cost Irish airline was poised to place a $10 billion order for Boeing’s new 737 MAX jetline…
Paris court sets date for Airbus insider trading case: Der Spiegel
FRANKFURT (Reuters) – More than half a dozen current and former managers at European plane maker Airbus will face a criminal court hearing in Paris next month in a long-running insider trading case, Der Spiegel magazine reported.
Alibaba who? U.S. retail investors not that interested
(Reuters) – When Chinese e-commerce giant Alibaba Group Holding revealed plans earlier this year to go public on a U.S. stock exchange, financial advisers like Bob Mecca in Hoffman Estate, Illinois braced themselves for a wave of frantic calls from ret…
Showtime for Apple: Big phones, smart watches and high expectations
SAN FRANCISCO (Reuters) – It has been four years since Apple Inc introduced a completely new gadget and the pressure is on for the world’s largest tech company to wow at its “special event” in Cupertino, California, on Tuesday.
