Euro zone price inflation hits trough in May
BRUSSELS (Reuters) – A further slowdown in euro zone inflation in May was confirmed on Monday, as the cost of telecommunication and food kept prices low, confirming a problem that the European Central Bank recently sought to stem.
Starbucks to subsidize U.S. workers’ college degree
(Reuters) – Starbucks Corp said it plans to partly pay for an online bachelor’s degree program for its employees in the United States, hoping to retain its workforce and save on hiring and training costs.
Automakers in U.S. driving banks from buoyant new car market
NEW YORK/DETROIT (Reuters) – U.S. banks looking to get in on a booming market for financing new-car sales have run into a formidable competitor: the auto manufacturers themselves.
Fund founder Rajaratnam’s brother faces U.S. insider trading trial
NEW YORK (Reuters) – In 2011, former billionaire and hedge fund manager Raj Rajaratnam was convicted for insider trading and sentenced to 11 years in prison.
Asian shares slip, crude firms as market eyes Iraq
TOKYO (Reuters) – Asian shares got off on the back foot on Monday, as crude extended gains and tested nine-month highs on fears the insurgency in Iraq could spread – disrupting oil exports.
Medtronic to buy Covidien for $42.9 billion, rebase in Ireland
(Reuters) – U.S. medical device maker Medtronic Inc said on Sunday it had agreed to buy Covidien Plc for $42.9 billion in cash and stock and move its executive base to Ireland in the latest transaction aiming for lower corporate tax rates abroad.
Ukraine faces gas cut threat as talks with Russia fail
KIEV/MOSCOW (Reuters) – Ukraine faces the threat of Russia cutting off gas supplies when a 0600 GMT deadline passes on Monday after talks on a long-running gas pricing dispute failed.
France pushes for concessions as Alstom bidding enters crucial week
PARIS (Reuters) – France is continuing to press for guarantees from contenders to buy power equipment assets from Alstom ALSO.PA, as Siemens SIEGn.DE and Mitsubishi Heavy Industries 7011.T consider a joint move to challenge a formal offer from General …
China’s Li flies into UK to talk trade, seal deals worth $30 bln
LONDON/BEIJING (Reuters) – Chinese Premier Li Keqiang will fly into Britain on Monday for the first time since taking office on a visit focused on moving the relationship beyond the political differences of the past and signing more than $30 billion of…
Ukraine, Russia hold last-ditch gas talks before deadline
KIEV (Reuters) – Ukraine and Russia made a last-ditch attempt to reach a deal in a gas pricing dispute on Sunday, hours before a deadline for Kiev to pay a $1.95 billion debt or have its gas supplies cut off.
