Scandal-hit China food firm withdrawing all products, U.S. parent says
BEIJING (Reuters) – The parent company of a scandal-hit Chinese food supplier said it is withdrawing all products made by the subsidiary.
Audi cuts spare-part prices in China amid anti-monopoly probe
SHANGHAI/BEIJING (Reuters) – Volkswagen AG’s premium brand Audi said it would cut spare-part prices in China as global automakers rush to change their pricing strategies after Chinese anti-monopoly regulators began probing the auto industry.
Investors pin growth hopes on U.S. as Ukraine crisis casts shadow on Europe
FRANKFURT (Reuters) – With the prospect of stiffer sanctions against Russia rattling confidence in Europe, investors will be looking to the United States and China to underpin the global economy.
Swiss banks face lower fines than feared in U.S. tax case: paper
ZURICH (Reuters) – About 80 of the 106 Swiss banks that signed up for a deal with U.S. tax authorities could be fined less than they had feared for their role in helping wealthy Americans cheat on their taxes, but must widen their cooperation, a Swiss …
Goldman mortgage deal with federal agency could reach $1.25 billion: source
NEW YORK (Reuters) – A deal to resolve a U.S. regulator’s claims against Goldman Sachs Group Inc over mortgage-backed securities sold to Fannie Mae and Freddie Mac leading up to the financial crisis could cost the bank between $800 million and $1.25 bi…
SEC seeks $1.4 billion from Texas Wyly brothers after fraud verdict
NEW YORK (Reuters) – Texas tycoon Sam Wyly and the estate of his late brother Charles should pay damages totaling $1.41 billion for their role in a scheme that hid trades in companies they controlled using offshore trusts, the U.S. Securities and Excha…
Tyson Foods to shut three factories, cut 950 jobs
(The third paragraph quote in this July 25 story has been corrected to make timeline clear)
NHTSA probes air bag software on older Chevrolet Impalas
DETROIT (Reuters) – U.S. safety regulators are investigating the potential for air bags to fail because of software issues in older Chevrolet Impala sedans made by General Motors Co , after receiving a consumer complaint about an alleged incident in Te…
Murdoch’s Fox open to giving Time Warner board seats in new bid: Bloomberg
WASHINGTON (Reuters) – Rupert Murdoch’s 21st Century Fox is open to giving Time Warner Inc shareholders seats on the new company’s board if its takeover bid succeeds, Bloomberg reported on Saturday, citing people familiar with the situation.
Argentine default looms as time runs out for debt deal
BUENOS AIRES (Reuters) – Argentina looks set to default on its debt for the second time in 12 years next Thursday as negotiations with “holdout” investors seemingly go nowhere and neither side shows signs of blinking first, though a last minute deal ca…
