China finds Mercedes-Benz guilty of price fixing: Xinhua
SHANGHAI/FRANKFURT (Reuters) – Germany’s Mercedes-Benz has been found guilty of manipulating prices for after-sales services in China, the official Xinhua news agency reported, adding to pressure on foreign carmakers in the world’s largest auto market….
Zippo wins German preliminary injunction vs Lorillard over blu e-cig
(Reuters) – A German court has ordered a subsidiary of U.S. tobacco giant Lorillard Inc to stop selling the popular blu e-cigarettes in that country, citing trademark confusion with lighter and fuel products sold by Zippo Manufacturing Co.
Treasury to take time to weigh options on tax inversions: official
WASHINGTON (Reuters) – The Obama administration will need more than a few weeks to weigh potential administrative actions to discourage U.S. companies from reducing their tax bills by moving to other countries, a Treasury Department official said on Mo…
Heinz recalls four batches of infant food in China
BEIJING (Reuters) – Ketchup maker H.J. Heinz Co has recalled some infant food in eastern China after it was found to contain lead in excess of the allowable limit, the company said on Monday.
Homebuilders rally after strong NAHB sentiment data
NEW YORK (Reuters) – U.S. homebuilding stocks rose on Monday, boosted by data that showed homebuilder sentiment rose in August to its highest level since January.
Chrysler names Bigland to head Alfa Romeo brand in North America
DETROIT (Reuters) – Chrysler Group LLC said on Monday its head of U.S. sales, Reid Bigland, has been appointed to lead the Alfa Romeo brand for North America, as it prepares for a relaunch aimed at reaching sales of 150,000 in four years.
P&G eyes Duracell, Braun in sweeping brand culling: sources
NEW YORK (Reuters) – Procter & Gamble Co is working with advisors including Goldman Sachs Group as the world’s largest household products maker reviews up to 100 underperforming brands for potential divestiture, people familiar with the matter said.
Monarch Airlines to cut workforce in shift to becoming low-cost carrier
LONDON (Reuters) – British holidays airline operator Monarch Group is set to cut the airline’s workforce by a third with the closure of its charter operations as it moves to reinvent the carrier as a scheduled European budget airline.
Europe shares rally as Ukraine fears ease, oil drops
LONDON (Reuters) – European stocks rallied and prices of top-rated bonds fell on Monday as investors breathed easier over the crisis in Ukraine, which had appeared to escalate dangerously on Friday.
Food scare in China is good news for Thailand’s CP Foods
BANGKOK (Reuters) – Business is booming at Charoen Pokphand Foods Pcl (CPF) , Thailand’s biggest meat and animal feed producer, especially now it has won orders for chicken products from McDonald’s Holding Co (Japan) after a food scare in China.
