Boeing conducted unfair practices against U.S. engineers: labor board
SEATTLE (Reuters) – The U.S. National Labor Relations Board said on Thursday that Boeing Co committed unfair labor practices against its unionized engineers near Seattle and in Portland, Oregon, when it photographed and videotaped workplace marches in …
Mexico’s Cemex taps CFO Gonzalez as next CEO, board member as chairman
MONTERREY (Reuters) – Mexico’s Cemex , one of the world’s leading cement makers, said on Thursday Chief Financial Officer Fernando Gonzalez will take over as chief executive officer after the sudden death of Lorenzo Zambrano earlier this week.
Airline Alitalia halts Venezuela flights from June through October
CARACAS (Reuters) – Italian airline Alitalia on Thursday confirmed that it is suspending service to Venezuela between the start of June and the end of October because of growing disputes over delays in repatriating revenue under the country’s currency …
GM recalls almost 3 million vehicles, to take charge of up to $200 million
DETROIT (Reuters) – General Motors Co said on Thursday it has issued five more recalls, covering almost 3 million vehicles globally, and is expected to take a charge of up to $200 million.
Detroit creditors dealt setback on art plan
DETROIT (Reuters) – A federal judge on Thursday refused to give some of Detroit’s creditors unfettered access to art works and related documents in order to pursue a plan to increase the pot of money available for bankrupt Detroit to pay its debts.
SAC’s Steinberg loses bid for insider trading acquittal
NEW YORK (Reuters) – A U.S. judge on Thursday rejected a request to acquit Michael Steinberg, a day before the scheduled sentencing on an insider trading conviction for the former portfolio manager at Steven A. Cohen’s SAC Capital Advisors hedge fund.
Kia tries to burnish image with $66,000 luxury K900 car
DETROIT (Reuters) – Kia Motors Corp is out to change its image among Americans as a low-priced value brand with the recently launched $66,000 luxury K900 sedan, but analysts said it should expect an uphill climb.
Major U.S. hedge funds sold ‘momentum’ Internet names in first-quarter
NEW YORK (Reuters) – Top hedge funds shed their stakes in high-profile Internet names such as Netflix Inc and Groupon Inc in the first quarter, moving to peers viewed as more mature and less volatile.
J.C. Penney’s back-to-the-future strategy pays off as sales rise
(Reuters) – J.C. Penney Co Inc’s return to “old school” retailing paid off for the second consecutive quarter, sending the company’s shares up more than 25 percent in after-hours trading.
Amid protests, U.S. FCC proposes new ‘net neutrality’ rules
WASHINGTON (Reuters) – U.S. regulators on Thursday advanced a “net neutrality” proposal that would ban Internet providers from blocking or slowing down access to websites but may let them charge content companies for faster and more reliable delivery o…
