U.S. congressman raps Boeing, trade group on Ex-Im bank
WASHINGTON (Reuters) – A Republican House committee chairman scolded Boeing Co and a large U.S. trade group on Monday for lobbying to keep the Export-Import Bank alive, saying their efforts amounted to petitioning for “special privilege.”
Time Warner moves to bar shareholders from calling meetings
(Reuters) – Time Warner Inc’s board moved to prevent its shareholders from calling special meetings, effectively throwing up a hurdle to any quick move to approve a potential takeover by Rupert Murdoch’s Twenty-First Century Fox.
Argentina asks U.S. judge to put debt payment order on hold
NEW YORK (Reuters) – Argentina asked a U.S. judge on Monday to put on hold an order requiring it to pay bondholders who did not participate in debt restructurings following the country’s 2002 default, while it seeks a “global resolution.”
Chipotle traffic jumps even after price hike
(Reuters) – Chipotle Mexican Grill Inc, one of the top-performing U.S. restaurant operators, on Monday reported a nearly 26 percent jump in quarterly profit after traffic to the burrito chain surged despite a menu price increase.
Yum, McDonald’s apologize as new China food scandal hits
SHANGHAI/LOS ANGELES (Reuters) – Yum Brands Inc and McDonald’s Corp are facing a new food safety scare in China, denting the fast-food companies’ efforts to shore up reputations and businesses that were hurt by a 2012 safety scandal in one of their big…
Yahoo to buy analytics startup Flurry to bolster mobile ad business
SAN FRANCISCO (Reuters) – Yahoo Inc will buy mobile analytics startup Flurry to beef up a fast-growing mobile advertising business that still lags Google Inc’s and Facebook Inc’s in scale.
Colombia growers see Miami cafe helping revive Juan Valdez brand
MIAMI (Reuters) – Colombian coffee growers, long represented by a fictional farmer named Juan Valdez with a mustache and wide-brimmed hat, opened a namesake coffee shop in downtown Miami on Monday, hoping to re-establish the brand in the high-end U.S. …
Coke yearns for higher margins to tempt franchisees
NEW YORK (Reuters) – Coca-Cola Co may have annual profits of about $9.3 billion, but that princely sum could fall short of what the world’s largest soda maker needs to tempt would-be franchisees into taking over more of its regional bottling operations…
Opel Vauxhall to woo budget clients with low-end cars: source
FRANKFURT (Reuters) – Opel plans to build a range of entry-level cars to recapture the type of budget customer who in the past bought its Chevrolet brand, a person familiar with the matter said on Monday.
Tesco ditches CEO for Unilever man after profit warning
LONDON (Reuters) – Tesco is to ditch chief executive Philip Clarke and replace him with a turnaround specialist from Unilever , ending a disastrous three year reign as Britain’s biggest retailer warned it would again miss profit forecasts.
