Wall St. gains after Supreme Court ruling on broadcasters
NEW YORK (Reuters) – U.S. stocks rose on Wednesday, led by drugmakers, while a Supreme Court ruling lifted the shares of major broadcasters.
Exclusive: U.S. senator warns as Walgreen weighs overseas tax deal
WASHINGTON (Reuters) – As Walgreen Co, the largest U.S. drugstore chain, edged closer to potentially moving its tax home base abroad, the senior U.S. senator from its home state said on Wednesday that he hoped the company would not take such a step.
Exclusive: Virgin America flight attendants to hold union vote
SEATTLE (Reuters) – Flight attendants at Virgin America are due to begin voting next month on whether to join a union, which would be the first at the California-based airline.
Closing Opel Bochum Plant will cost $866 million: GM President
LONDON (Reuters) – The closure of Opel’s Bochum factory in Germany will cost a total $866 million (635 million euros), the president of parent company General Motors Dan Ammann told Reuters in an interview in London on Wednesday.
U.S. retailers look to limit pesticides to help honeybees
(Reuters) – Home Depot and other U.S. companies are working to eliminate or limit use of a type of pesticide suspected of helping cause dramatic declines in honeybee populations needed to pollinate key American crops, officials said on Wednesday.
U.N. agency: U.S. ruling on Argentina debt doesn’t comply with U.S. law
GENEVA (Reuters) – The United Nations trade agency UNCTAD said on Wednesday that the recent U.S. court ruling on Argentina’s debt erodes sovereign immunity and does not comply with the country’s own U.S. Foreign Sovereign Immunities Act.
Rajaratnam’s ex-driver sues, claims secret payments to prisoners
NEW YORK (Reuters) – A former driver for Raj Rajaratnam has sued the one-time billionaire, claiming he was fired for complaining about secret wire transfers the founder of the Galleon Group hedge fund made to fellow prisoners following his conviction f…
Vodafone to win EU approval for $9.8 billion Ono deal: sources
BRUSSELS/LONDON (Reuters) – Vodafone is set to gain unconditional EU approval for its 7.2-billion-euro ($9.79 billion) bid for Spain’s largest cable operator Ono as regulators do not have competition concerns, three people familiar with the matter said…
South Africa’s Amplats: back to ‘meaningful’ post-strike output in two weeks
JOHANNESBURG (Reuters) – South Africa’s Anglo American Platinum expects it will take about two weeks for it to resume significant output after a 5-month work stoppage at the world’s biggest producer of the metal, its CEO said on Wednesday.
U.S. economy collapses in first quarter, but growing again
WASHINGTON (Reuters) – The U.S. economy contracted at a much steeper pace in the first quarter than previously estimated, turning in one of its worst-ever non-recession performances, but growth already appears to have rebounded strongly.
