GM says sold 2.5 million autos in second quarter, best since 2005
DETROIT (Reuters) – General Motors Co said on Wednesday its global sales topped 2.5 million vehicles in the recent quarter, up 0.5 percent as it posted its best showing since 2005 for a second quarter.
U.S. factory output surges in second quarter, housing improving
WASHINGTON (Reuters) – U.S. manufacturing output rose at its fastest pace in more than two years in the second quarter, suggesting the economy was regaining enough momentum to lift growth throughout the year.
Airbus reassures on A380 door problems
FARNBOROUGH England (Reuters) – Planemaker Airbus on Wednesday sought to allay any concerns over the impact of door problems on its A380 superjumbo after a German broadcaster reported its breakeven target could be delayed by several years.
Amazon ponders Netflix-like service for ebooks: report
SAN FRANCISCO (Reuters) – Amazon.com Inc is considering a new e-book subscription service called “Kindle Unlimited,” that aims to replicate popular video-streaming models for the digital books market, according to several online reports and a test page…
Litigation costs hit Bank of America’s quarterly profit
(Reuters) – Bank of America Corp said second-quarter profit fell 43 percent, a bigger decline than analysts had expected, after the bank posted $4 billion of litigation expenses linked to mortgage disputes following the financial crisis.
Apple agrees to conditional $450 million e-books antitrust accord
(Reuters) – Apple Inc has agreed to pay $450 million to resolve U.S. state and consumer claims the iPad manufacturer conspired with five major publishers to fix e-book prices, according to court records filed Wednesday.
Airbus, Boeing climb close to $100 billion in air show deals
FARNBOROUGH England (Reuters) – Airbus and Boeing climbed close to the $100 billion mark for plane deals at the Farnborough Airshow on Wednesday, demonstrating demand for new passenger jets despite concerns raised by their already record full order boo…
Fed’s Fisher sees rate hikes early next year, or sooner
LOS ANGELES (Reuters) – The Federal Reserve should allow its massive balance sheet to begin to shrink in October, a move that would signal a start to interest-rate hikes early next year, if not before, a top Fed official said on Wednesday.
Tesla names small car to be launched in 2017 ‘Model 3’
DETROIT (Reuters) – Tesla Motors Inc said on Wednesday it will name its planned small car, intended to move the electric car maker into a broader consumer segment, the Model 3.
Ackman urges Allergan talks with Valeant, no delay to special meeting
(Reuters) – Activist investor Bill Ackman urged Botox maker Allergan Inc to negotiate a possible takeover by Valeant Pharmaceuticals Inc and not delay a special shareholder meeting that could overturn most of Allergan’s board.
