Ex-GSK China staff seek compensation for illegal dismissal
BEIJING/SHANGHAI (Reuters) – Three former Chinese employees of GlaxoSmithKline PLC GSK.L, which is embroiled in a long-running corruption probe in China, are seeking compensation for illegal dismissal from their jobs, a lawyer representing them told Re…
Yellen’s opening remarks to House panel identical to July 15 testimony
WASHINGTON (Reuters) – U.S. Federal Reserve Chair Janet Yellen’s testimony as prepared for delivery to the House of Representatives Financial Services Committee on Wednesday is a repeat of the remarks she delivered before the Senate Banking Committee a…
BlackRock’s second-quarter profit rises 11 percent
NEW YORK (Reuters) – BlackRock Inc , the world’s largest money manager, reported an 11 percent jump in second-quarter profit on Wednesday, boosted by strong markets that helped drive flows into its funds across asset classes and regions.
Siemens, SK Engineering win U.S. appeal in Pemex bribery case
NEW YORK (Reuters) – A U.S. appeals court on Wednesday upheld the dismissal of a $500 million lawsuit by state-owned Mexican oil company Pemex [PEMX.UL] accusing Siemens AG and SK Engineering & Construction Co Ltd [SKEC.UL] of bribing Pemex officials to secure oil refinery projects in Mexico.
BofA offers $13 billion to settle mortgage probe: WSJ
(Reuters) – Bank of America Corp has offered $13 billion to settle a probe into mortgage securities sold by the bank, the Wall Street Journal reported, citing people familiar with the matter.
U.S. industrial production edges higher in June
WASHINGTON (Reuters) – U.S. industrial production edged higher in June, as production at mines increased, according to data released by the Federal Reserve on Wednesday.
U.S. producer prices rise more than expected in June
WASHINGTON (Reuters) – U.S. producer prices rose more than expected in June with gains across most categories, indicating some inflation at the factory gate.
Handful of non-EU banks to make European stress tests debut
LONDON (Reuters) – A handful of global banks are bracing themselves for their first results from Europe’s bank stress-testing regime, which will tell them in October whether they have enough capital to withstand future crises.
Samsung battles on two fronts as Apple readies iPhone 6
SEOUL (Reuters) – Samsung Electronics Co Ltd is losing smartphone ground not only to cheaper Chinese rivals but also at the high end to Apple Inc , a survey showed, in an ominous sign for the South Korean giant as Apple readies to launch its next-gener…
China growth data lifts Europe shares, oil and metals
LONDON (Reuters) – Stocks rose in Europe and aluminum hit a 13-month high on Wednesday after China reported economic growth that was slightly stronger than markets had expected.
