German government cancels Verizon contract in wake of U.S. spying row
BERLIN (Reuters) – The German government has cancelled a contract with U.S. telecoms firm Verizon Communications Inc VZ.N as part of an overhaul of its internal communications, prompted by revelations last year of U.S. government spying.
Wall Street dips after Fed’s Bullard talks about rates
NEW YORK (Reuters) – U.S. stocks ended slightly lower on Thursday after the president of the Federal Reserve Bank of St. Louis said interest-rate increases should come sooner rather than later.
Nike gets leg-up from strong sales in North America, Europe
(Reuters) – Nike Inc reported better-than-expected quarterly results, as demand for its apparel and footwear rose in North America and Western Europe after the company spent heavily on marketing ahead of the 2014 soccer World Cup.
GM tracked more than 800 air-bag nondeployments in Cobalt, Ion
(Reuters) – General Motors Co tracked more than 800 incidents where air bags did not deploy in the Saturn Ion and Chevrolet Cobalt, according to a 2012 internal GM memo made public on Thursday by U.S. lawmakers.
GM lawyer to give details Monday on fund for victims of faulty switch
(Reuters) – A lawyer for General Motors Co will announce on Monday the eligibility criteria for a program to compensate victims of a faulty ignition switch that prompted the recall of 2.6 million vehicles.
Moody’s upgrades Italy’s Monte Paschi to reflect cash call
MILAN (Reuters) – Ratings agency Moody’s has upgraded its long-term rating on Banca Monte dei Paschi di Siena to ‘B1’ from ‘B2’, saying the bank’s ongoing 5 billion euro rights issue would strengthen its capital against poor asset quality and losses.
Barclays CEO says undertaking internal dark pool investigation
NEW YORK (Reuters) – Barclays PLC has begun an internal investigation into allegations of fraud by the New York state attorney general at the British bank’s U.S.-based dark pool, Chief Executive Antony Jenkins said in a memo to his employees on Friday….
Virgin America union vote results set for August 13
SEATTLE (Reuters) – Virgin America and its flight attendants will find out on August 13 whether an effort to form the first union at the California-based airline succeeds or fails, The National Mediation Board said on Thursday.
Alibaba picks New York Stock Exchange for U.S. IPO
SAN FRANCISCO/NEW YORK (Reuters) – Chinese e-commerce company Alibaba Group Holding Ltd has decided to list on the New York Stock Exchange, it said on Thursday, dealing a blow to the rival Nasdaq bourse.
Action camera-maker GoPro makes picture-perfect debut
(Reuters) – Shares of GoPro Inc, a maker of cameras used by surfers, skydivers and other action junkies to record and post their exploits online, rose as much as 38 percent in their market debut.
