Delphi to contest pressure to file U.S. taxes despite UK tax base
(Reuters) – Auto parts supplier Delphi Automotive Plc said it would “vigorously contest” pressure by U.S. tax authorities to file taxes in the United States as a domestic company, when its tax base is in the UK.
China sentences GSK-linked investigators to prison
SHANGHAI (Reuters) – British corporate investigator Peter Humphrey was sentenced to two years and six months in prison for illegally obtaining records on Chinese citizens, while his American wife was handed a two-year jail sentence, a court in Shanghai…
Ford recalls about 3,000 vehicles in North America
DETROIT (Reuters) – Ford Motor Co is recalling about 3,000 cargo vans and luxury SUVs in North America in three separate actions to address potential brake hose, sliding door and windshield issues, the No. 2 U.S. automaker said on Friday.
Adidas marketing push an uphill battle against ‘cool’ Nike
BERLIN (Reuters) – Sportswear firm Adidas probably thought it had hit the marketing jackpot when Adidas-sponsored Germany beat Adidas-sponsored Argentina to win the Adidas-sponsored World Cup. But arch rival Nike may have stolen much of its soccer branding thunder with quirky videos, innovative boots and amusing Tweets, not to mention the odd sponsorship coup of its own such as signing up hosts Brazil. Adidas said it had secured “victory on and off the pitch”
Zynga investors seen having to wait longer for growth
(Reuters) – Zynga Inc’s investors will have to wait until at least next year to see if the company can grow profitably, analysts said after the “Farmville” creator cut its 2014 revenue outlook.
VW expands Chrysler-built minivan recall over ignition switches
DETROIT (Reuters) – Volkswagen AG is more than doubling a three-year-old recall of its Chrysler-built Routan minivans that have ignition switches that can be knocked into the accessory position and shut off the engine, according to documents filed with…
U.S. wholesale inventories rise less than expected, sales slow
rose less than expected in June, which could have an impact on
Boeing, United Technologies stock up titanium parts from Russia: WSJ
(Reuters) – Boeing and United Technologies have been amassing titanium parts from Russian producer VSMPO-Avisma in case tensions between the United States and Russia disrupt supply of the metal critical to building jetliners, the Wall Street Journal re…
Shares, dollar sink as U.S. authorizes air strikes in Iraq
LONDON (Reuters) – World shares and the dollar tumbled on Friday and oil and gold jumped after U.S. President Barack Obama authorized targeted air strikes in Iraq, stoking fears of another drawn-out conflict in the region.
Exclusive: Goldman, JPMorgan in Senate’s crosshairs for commodities holdings
WASHINGTON (Reuters) – U.S. Senator Carl Levin is preparing a last push to bring Wall Street’s big commodity traders to heel during his final months in office, wrapping up a nearly two year-long probe that could potentially reveal abuses in energy and …
