Lawyers expect hundreds of claims at start of GM ignition-switch fund
NEW YORK (Reuters) – Several hundred claims are expected to be filed at the start of a GM-financed program being launched Friday to compensate victims of a faulty ignition switch on some of its vehicles, lawyers say.
LinkedIn forecasts strong quarter, driven by hiring business
(Reuters) – Corporate networking site LinkedIn Corp forecast better-than-expected adjusted profit and revenue in the current quarter, helped by a rapid rise in its hiring business.
Argentina defaults but investors see eventual deal possible
BUENOS AIRES (Reuters) – Argentina defaulted for the second time in 12 years after last-ditch talks with what it called “vulture” creditors failed, though debt insurance prices on Thursday suggested investors believed a deal could eventually be reached…
Burger King cuts ties with supplier in China food safety scare
(Reuters) – Burger King Worldwide Inc said on Thursday it would no longer buy products from OSI Group LLC suppliers in China, where the fast-food hamburger chain has about 200 restaurants.
Ackman takes blame after hyped Herbalife talk flopped
BOSTON (Reuters) – Billionaire investor William Ackman called himself his “own worst enemy” in reviewing why last week’s much hyped presentation on Herbalife Ltd.’s nutrition clubs failed to deliver the “death blow” he had originally promised.
Target names outsider as CEO after data breach
(Reuters) – Beleaguered retailer Target Corp named former PepsiCo and Wal-Mart executive Brian Cornell as CEO and chairman as it tries to regain customer confidence following a devastating data breach last year that hit earnings.
U.S. wage growth picking up as labor market tightens
WASHINGTON (Reuters) – U.S. labor costs recorded their biggest gain in more than 5-1/2 years in the second quarter and a gauge of trends in the jobs market fell to an eight-year low last week, bolstering the economy’s outlook.
Higher oil prices lift Exxon’s profit as production sags
(Reuters) – Exxon Mobil Corp , the world’s largest publicly traded oil company, reported a stronger-than-expected quarterly profit on Thursday as higher prices for its crude and natural gas offset a 6 percent drop in production.
Brazil’s Embraer sees more U.S. orders next year: CEO
SAO PAULO (Reuters) – Brazil’s Embraer SA , the world’s third largest commercial planemaker, expects more new regional jet orders from the United States next year, given strong acceptance of E-175 aircraft delivered there recently, Chief Executive Offi…
Soccer World Cup helps DirecTV net more subscribers
(Reuters) – DirecTV , the No.1 U.S. satellite TV provider, reported quarterly revenue above analysts’ estimates as the soccer World Cup helped it add subscribers in Latin America and prices increased in the United States.
