Chevron shareholders reject independent chairman
MIDLAND Texas (Reuters) – Shareholders of Chevron Corp , the second-largest U.S. oil company, rejected a proposal on Wednesday to split the roles of chairman and chief executive, both currently held by John Watson.
GE strengthens hand in Alstom battle with pledge on jobs
PARIS (Reuters) – General Electric (GE) strengthened its position in the battle for the power arm of French group Alstom on Wednesday with a pledge to create new jobs in France and recognition from Paris that it had made a more acceptable offer.
Porsche inspects 2,500 Macan models for possible brake problems
FRANKFURT (Reuters) – Porsche is inspecting 2,500 of its new Macan off-road vehicles to check for faulty brakes after quality tests revealed that some brake booster units may have been damaged during the assembly process, the carmaker said on Wednesday…
Deutsche Bank braced for fines in forex probes: sources
FRANKFURT (Reuters) – Deutsche Bank AG is preparing for fines in connection with investigations into possible manipulation of emerging markets currency rates and is also braced for civil lawsuits, two sources familiar with the views of the bank’s manag…
Hutchison wins EU approval for $1 billion O2 Ireland deal
BRUSSELS (Reuters) – Hong Kong-based Hutchison Whampoa got the approval of the European Union’s competition authority on Wednesday for its $1 billion bid for Telefonica’s Irish mobile business in a case that could set the regulatory tone for Telefonica…
Amazon says quick end unlikely in dispute with Hachette
SAN FRANCISCO (Reuters) – Amazon.com Inc is preparing for a long battle with Hachette Book Group over a contract dispute that led the U.S. online retailer to curtail sales of some of the publisher’s books.
ECB warns investors’ gamble for profit could backfire
FRANKFURT (Reuters) – The European Central Bank has warned that investors’ pursuit of higher profits could be creating new price bubbles, sounding the alarm as financial markets chase quick gains.
Hutchison wins EU approval for $1 billion O2 Ireland deal
BRUSSELS (Reuters) – Hong Kong-based Hutchison Whampoa got the approval of the European Union’s competition authority on Wednesday for its $1 billion bid for Telefonica’s Irish mobile business in a case that could set the regulatory tone for Telefonica…
Rebound in euro zone credit ratings: overdue or overshoot?
LONDON (Reuters) – Rating agencies are falling over each other to upgrade the euro zone’s crisis countries, but with debt levels in most still rising and growth and reforms slow, the question is whether the new-found optimism has swung too far.
UK fraud office probes GSK after claims of foreign bribery
LONDON (Reuters) – Britain’s fraud office has launched a formal criminal investigation into GlaxoSmithKline , posing a new challenge to the drugmaker, which already faces claims of bribery in China and four other countries.
