Finmeccanica says will not incorporate loss-making unit
MILAN (Reuters) – Italian aerospace and defense group Finmeccanica said on Wednesday it will not incorporate its train-making AnsaldoBreda unit, denying media reports following the appointment of a new chief executive.
GM hit with $10 billion lawsuit
(Reuters) – A new lawsuit says General Motors Co should compensate millions of car and truck owners for lost resale value, potentially exceeding $10 billion, because a slew of recalls and a deadly delay in recalling cars with defective ignition switche…
UK agency says faulty wiring likely caused Dreamliner fire
NEW YORK (Reuters) – A fire that scorched the top of a Boeing Co 787 Dreamliner at London Heathrow airport last summer was likely caused by faulty wiring in an emergency rescue beacon that led to “an uncontrolled discharge” from a lithium-ion battery, …
L’Oreal CEO says U.S. market is not improving
PARIS (Reuters) – French cosmetics giant L’Oreal on Wednesday said the US market for mass beauty consumer goods remained flat, dashing hopes of an improvement in the current quarter, but pointed to continued recovery in Europe, notably in southern coun…
Century-old Hertz says could team up with newcomer Uber
LONDON (Reuters) – Hertz , the second biggest U.S. car rental firm, is looking to broaden its business and could allow its cars to be rented via Uber and its controversial smartphone app, Group President Michel Taride told Reuters on Wednesday.
GE to submit improved Alstom offer on Thursday: sources
PARIS (Reuters) – General Electric’s chief executive will on Thursday unveil to the French government and unions an improved offer for the energy arm of Alstom, a source close to the U.S. conglomerate said of its efforts to fend off a rival proposal.
Europe beckons air travelers, but may leave your bag behind
NEW YORK (Reuters) – Cramming clothes into carry-on bags may not appeal to travelers in Europe this summer, but the alternative could be worse; checked luggage is nearly three times more likely to arrive late in Europe than in the U.S. due to complex a…
Argentina, hedge funds set for N.Y. court hearing in bond dispute
NEW YORK (Reuters) – Lawyers for Argentina and for hedge funds that refused to take part in its debt restructuring after its catastrophic 2001-02 default are scheduled to appear in federal court in New York on Wednesday afternoon, two days after the U….
Daimler says to significantly hike U.S. car production
FRANKFURT (Reuters) – Daimler will “significantly” raise production capacity at its plant in Tuscaloosa, Alabama from a current level of around 185,000 cars, as it adds new models including its new C-Class sedan and a new sports utility vehicle.
Coca-Cola invests in Egypt and Pakistan, sees big sales growth
CAIRO (Reuters) – Coca-Cola Co expects to start production in five new factories in Egypt and Pakistan over the next 18 months, seeing double-digit percentage growth in sales for both markets this year, its Middle East and North Africa president told R…
