Euro zone first-quarter growth disappoints, puts pressure on ECB to act
BRUSSELS/BERLIN (Reuters) – The euro zone economy grew much less than expected at the start of the year and inflation remained locked in the ‘danger zone’ below 1 percent, increasing pressure on the European Central Bank to ease monetary policy at its …
Comcast, Charter choose executive to lead spinoff company
(Reuters) – Comcast Corp and Charter Communications Inc said on Thursday that cable veteran Michael Willner will run the cable company that will be spun off as part of a three-way deal that hinges on regulators approving Comcast’s $45 billion takeover …
Wal-Mart sales growth weakest in five years, outlook cautious
(Reuters) – Wal-Mart Stores Inc forecast second-quarter profit below analysts’ estimates after reporting its smallest growth in quarterly sales in nearly five years, as a severe winter kept shoppers from its stores.
Consumer prices post biggest gain in 10 months
WASHINGTON (Reuters) – U.S. consumer prices recorded their largest increase in 10 months in April, pointing to some inflation in the economy.
GM recalls 140,067 Malibu cars in U.S. for possible faulty brake issue
DETROIT (Reuters) – General Motors Co is recalling 140,067 Chevrolet Malibu sedans in the United States for a potential faulty braking issue, according to documents filed with U.S. safety regulators.
Pfizer move on Astra threatens UK science, lawmakers say
LONDON (Reuters) – Pfizer’s potential takeover of AstraZeneca poses a threat to British science unless the U.S. drugmaker can give more concrete, enforceable guarantees on jobs and investment, politicians scrutinizing the deal said on Thursday.
GSK executive caught off-guard by China graft charges: sources
SHANGHAI (Reuters) – GlaxoSmithKline Plc executive Mark Reilly had little inkling he would be charged with leading a network of corruption in China’s pharmaceutical industry, two sources with ties to the businessman and knowledge of the investigation s…
Japan PM to urge company boards to open up in governance push as resolve tested
TOKYO (Reuters) – Prime Minister Shinzo Abe is set to outline plans to improve corporate governance as part of an updated economic strategy next month, aiming to overturn Japan’s reputation for neglecting shareholders and salvage his reform credentials…
Job market debate rages at Fed, likely keeping rates on hold
SAN FRANCISCO (Reuters) – Economists within the Federal Reserve are struggling to size up the strength of the U.S. labor market but can’t even agree what yardstick to use.
U.S. airline group forecasts rise in summer air passengers
(Reuters) – The number of people flying on U.S. airlines will rise this summer, aided by a record level of international travelers, an industry group said on Thursday.
