China to sentence former mining boss linked to ex-security chief’s son
BEIJING (Reuters) – China is expected on Friday to sentence a former mining magnate with suspected ties to the eldest son of retired security tsar Zhou Yongkang on charges of leading a gang on a crime spree spanning more than a decade.
Lorillard-Reynolds cigarette deal would face regulatory risk: antitrust experts
WASHINGTON (Reuters) – An acquisition of U.S. cigarette-maker Lorillard Inc by Reynolds American Inc could face a bumpy road with antitrust regulators, experts said, with some predicting the deal could be blocked outright and others saying it could onl…
Wall St. rises as small-caps rally; HP shares off late
NEW YORK (Reuters) – U.S. stocks ended higher for the second straight session on Thursday, led by small-cap stocks, while the Nasdaq climbed on a rally in biotech shares.
J&J sees device growth via new products, emerging markets
(Reuters) – Johnson & Johnson said on Thursday it would file for approvals of more than 30 major products by the end of 2016 as it looks to restore growth to a medical device division that has been overshadowed by its drugs business.
GE agrees to extend deadline on Alstom bid to June 23
(Reuters) – General Electric Co has agreed to extend its $16.9 billion bid for the power arm of France’s Alstom until June 23 from June 2 at the request of the French government, the U.S. company said on Thursday.
Canada keen to find out if GM Canada delayed recalls, breaking law
OTTAWA (Reuters) – Canadian government officials are trying to determine whether the Canadian unit of General Motors had delayed the recall of some cars, breaking the law in doing so, after the U.S. fined the parent company $35 million for its delayed …
T-Mobile overtakes Sprint as No. 3 smartphone buyer in U.S.
NEW YORK (Reuters) – T-Mobile overtook Sprint Corp as the No. 3 smartphone purchaser in the United States in the first quarter, according to a report, as the company used aggressive discounting to add more new subscribers than any other U.S. wireless o…
U.S. air safety board urges more battery tests for Boeing 787
SEATTLE (Reuters) – The U.S. agency that investigates air crashes on Thursday called for lithium-ion batteries on Boeing’s 787 Dreamliners to undergo more testing to ensure they are safe.
Illinois, Florida join Connecticut in eBay probe
NEW YORK (Reuters) – Illinois and Florida are joining Connecticut to lead a probe of the massive data breach at eBay Inc, according to a spokeswoman for Illinois Attorney General Lisa Madigan.
U.S. auto sales seen up over seven percent in May: research firms
DETROIT (Reuters) – New-car sales in the United States are expected to rise more than 7 percent in May and continue the strong spring selling season as the month includes five weekends, two industry research firms said on Thursday.
