Volkswagen set to build SUV in Tennessee: report
FRANKFURT (Reuters) – Volkswagen AG is nearing a decision to pick its Chattanooga, Tennessee plant over a site in Mexico to build a new seven-seater crossover vehicle for the North American market, a German newspaper reported on Thursday.
Audi draws up plans for range of electric cars: sources
BERLIN (Reuters) – Audi has drawn up blueprints for a wider range of high-performance electric cars to help it take on German rivals and U.S. firm Tesla Motors if the market picks up, according to sources at the carmaker.
Nestle CEO says size matters even as focus narrows
PARIS (Reuters) – Nestle is trimming its huge range of businesses and pushing deeper into niche medical products to improve returns, but the food and beverage giant still likes its heft.
American Apparel boots out founder Charney, shares rise
(Reuters) – Clothing and accessories retailer American Apparel Inc ousted controversial founder Dov Charney as chairman effective immediately and moved to fire him as CEO and president following an ongoing investigation into alleged misconduct.
Jobs, factory data point to strengthening economy
WASHINGTON (Reuters) – The number of Americans filing new claims for jobless benefits fell last week and factory activity in the mid-Atlantic region accelerated in June, more evidence the economy was strengthening after a disastrous first quarter.
General Electric details new Alstom offer
PARIS (Reuters) – General Electric outlined an updated offer to buy French engineering group Alstom’s power and grid businesses on Thursday that will include two 50:50 joint ventures in grid and renewables, and a global nuclear and steam alliance.
Exclusive: FX chatrooms show traders shared order, price details – sources
LONDON (Reuters) – British investigators are examining millions of electronic messages which include fresh evidence of possible collusion by a small group of top currency traders, sources say.
Rolls-Royce returns $1.7 billion to shareholders
LONDON (Reuters) – Rolls-Royce said it will return 1 billion pounds ($1.7 billion) to shareholders instead of buying another company, a moved aimed at restoring investors’ confidence in the British aero-engine maker.
Exclusive: FX chatrooms show traders shared order, price details – sources
LONDON (Reuters) – British investigators are examining millions of electronic messages which include fresh evidence of possible collusion by a small group of top currency traders, sources say.
News Corp’s Rupert Murdoch urges U.S. immigration reform
(Reuters) – Media mogul Rupert Murdoch urged U.S. lawmakers to tackle far-reaching immigration reform, saying that scrapping quotas on special visas and promoting paths to citizenship would boost U.S. growth and innovation.
