China PMIs fuel hope economy is stabilizing, property still a wild card
BEIJING (Reuters) – China’s factory and services sectors had their best showings in months in May as demand rebounded, surveys showed, fuelling optimism that its economy may be steadying after a weak start to the year.
Apple unwraps ‘Healthkit’ alongside Mac, iPhone features
SAN FRANCISCO (Reuters) – Apple Inc on Monday took the wraps off mobile applications that pool and analyze health and home data, kicking off an annual developers’ conference lacking in big surprises, despite hopes the iPhone maker would offer a glimpse…
U.S. would face hurdles bringing case against Icahn, Mickelson: lawyers
NEW YORK (Reuters) – Questions about how to apply securities law to activist investors could complicate any potential insider trading case against billionaire Carl Icahn, pro-golfer Phil Mickelson and Las Vegas gambler William Walters, legal experts sa…
Exclusive: At least 74 dead in crashes similar to those GM linked to faulty switches
(Reuters) – At least 74 people have died in General Motors cars in accidents with some key similarities to those that GM has linked to 13 deaths involving defective ignition switches, a Reuters analysis of government fatal-crash data has determined. Such accidents also occurred at a higher rate in the GM cars than in top competitors’ models, the analysis showed.
Factory data points at second-quarter growth pick up
WASHINGTON, (Reuters) – U.S. manufacturing activity accelerated in May and construction spending rose for a third straight month in April, suggesting economic growth was regaining steam in the second quarter.
UAW meets to select new president, consider dues increase
DETROIT (Reuters) – The United Auto Workers union opened a four-day convention on Monday where 1,100 members will select a new president and decide whether to approve the first dues increase since 1967.
Valeant, Pershing prepare to go hostile in Allergan bid
(Reuters) – Valeant Pharmaceuticals Inc on Monday prepared to take its $53.8 billion takeover bid for Allergan Inc directly to the Botox maker’s shareholders in a battle that could last late into the year.
VW’s key U.S. model delayed by incentive tug-of-war: sources
BERLIN (Reuters) – A tug-of-war between Mexico and Tennessee over incentives is delaying Volkswagen’s decision on where to build a make-or-break vehicle in North America, sources said, delaying the German group’s efforts to fix its ailing U.S. business…
U.S. would face hurdles bringing case against Icahn, Mickelson: lawyers
NEW YORK (Reuters) – Questions about how to apply securities law to activist investors could complicate any potential insider trading case against billionaire Carl Icahn, pro-golfer Phil Mickelson and Las Vegas gambler William Walters, legal experts sa…
BMW plans to cut 100 million euros of German labor costs per year: paper
FRANKFURT (Reuters) – Carmaker BMW intends to cut 100 million euros ($136 million) of German labor costs annually from 2015 onwards, German local newspaper Muenchner Merkur reported on Monday on its web page, citing workers’ representatives.
