Chinese police to brief media on GlaxoSmithKline amid probe
BEIJING (Reuters) – Chinese police will brief the media on Wednesday about British drug maker GlaxoSmithKline PLC, which has been under investigation for allegedly funneling up to 3 billion yuan to travel agencies to facilitate bribes to doctors and of…
E-commerce edge helps British retailers expand abroad
BERLIN/PARIS (Reuters) – Marks & Spencer Plc is making a new push to expand abroad, hoping e-commerce will give Britain’s biggest clothing retailer a better chance to succeed than earlier attempts to enter new markets.
Airbus sparks relief rally as first-quarter profit beats forecasts
PARIS (Reuters) – Airbus Group posted better than expected first-quarter earnings on Tuesday, sparking a relief rally in its shares as it dodged the impact of higher costs for its new A350 jet, which remains on track for a late-2014 debut.
Facebook says it may open sales office in China
(Reuters) – Facebook Inc said it may consider opening a sales office in China to provide more support to local advertisers who use the website to reach customers overseas.
Mexican cement baron dies, made Cemex a global brand
MONTERREY (Reuters) – Lorenzo Zambrano, one of Mexico’s best-known businessmen who turned Cemex into a global cement giant but also nearly brought the company crashing down, died on Monday aged 70.
MF Global trustees seek tighter leash on Corzine’s legal fees
NEW YORK (Reuters) – Lawyers for defunct brokerage MF Global on Monday asked a U.S. bankruptcy judge to impose procedures to limit mounting legal fees incurred by Jon Corzine and other former company insiders in litigation over their role in MF’s 2011 …
Boeing South Carolina catches up on 72 percent of work
NORTH CHARLESTON, South Carolina (Reuters) – Employees at Boeing’s 787 manufacturing plant in South Carolina have reduced behind-schedule aircraft work by nearly three-quarters, stabilizing production and earning a one-time bonus, Boeing said on Monday…
Mexican cement baron dies, made Cemex a global brand
MEXICO CITY (Reuters) – Mexican businessman Lorenzo Zambrano, who turned cement maker Cemex into one of the country’s first modern multinationals, but also almost brought it crashing down, died on Monday aged 70.
UK charity calls for government ban for G4S and Serco
LONDON (Reuters) – British outsourcing firms G4S and Serco should be barred from bidding for government work until a fraud investigation into their failed criminal-tagging contracts is complete, a penal reform charity said on Tuesday.
Barclays names head for M&A of its U.S. financial practice
(Reuters) – Barclays Plc said on Monday it had hired a Goldman Sachs Group Inc veteran of 14 years to head up mergers and acquisitions for its Americas financial institutions practice.
