GM’s Cadillac at a crossroads – again
DETROIT (Reuters) – Incoming Cadillac President Johan de Nysschen – the brand’s third boss in two years – faces a daunting task that his predecessors failed to complete: How to reposition General Motors Co’s 112-year-old premium brand as a true competi…
Allergan asks stockholders not to act on Pershing Square proposal
(Reuters) – Allergan Inc advised its stockholders to refrain from taking any action in response to Pershing Square Capital Management’s proposal to replace a majority of the botox maker’s board.
Shire confirms in talks with AbbVie on takeover bid
(Reuters) – Shire Plc on Friday confirmed it has held a meeting with U.S. drugmaker AbbVie Inc to discuss AbbVie’s takeover bid for the Dublin-based maker of drugs for rare diseases.
Wall St. edges up; indexes post losses for week
NEW YORK (Reuters) – Stocks managed to score modest gains on Friday, but the S&P 500 posted its biggest weekly drop since April as investors showed only mild enthusiasm after getting their first glimpses of earnings.
Mondelez to separate cheese & grocery business in Europe
(Reuters) – Mondelez International Inc, maker of Cadbury chocolate and Oreo cookies, said it would create a “stand-alone” European cheese and grocery business to focus on its fast-growing snacks business, including biscuits, gum and candy.
Portugal’s PM tries to soothe investors; BES says can cover any losses
LISBON (Reuters) – Portugal’s government and central bank assured investors on Friday that the southern European country’s financial system was sound, aiming to quell worry about the spillover effects of trouble at the Espirito Santo business empire.
Airbus to launch rebranded A330-800/900neo: sources
LONDON (Reuters) – European planemaker Airbus will both revamp and rebrand its A330 passenger jet at a launch expected to kick off next week’s Farnborough Airshow, people familiar with the matter said on Friday.
America Movil asset sale should be across the board: Slim
NEW YORK/MEXICO CITY (Reuters) – America Movil, Latin America’s biggest telecoms company, will move quickly to put an “attractive” cross-section of the company up for sale as it sheds assets to escape tougher regulation of the phone and broadcasting ma…
Slim says he could exercise NY Times stock warrants
MEXICO CITY/NEW YORK (Reuters) – Mexican telecoms billionaire Carlos Slim says he could exercise stock warrants in The New York Times Co which expire early next year, a move that would more than double his stake in the media company.
Ford says 500,000 vehicles under NHTSA investigation
(Reuters) – Ford Motor Co said about 500,000 of its vehicles were being investigated by the National Highway Traffic Safety Administration for steering problems.
