Exclusive: Alibaba, Shoprunner plan to launch joint China service
SAN FRANCISCO (Reuters) – Alibaba Group Holding Ltd has struck one of its largest deals with a U.S. online retailer, agreeing to help Amazon.com rival Shoprunner sell to China and handle delivery within the country.
Chevron needs 2 1/2 years to decide on Morocco prospects
MARRAKESH, Morocco (Reuters) – U.S. energy major Chevron needs at least two and a half years to gather seismic data before deciding whether to stay in Morocco, the head of its Moroccan affiliate said on Wednesday.
The steel industry’s fight for American stomachs
(Reuters) – When the steel industry goes to Washington, it usually talks about trade, tariffs and taxes. But there is also the small matter of fruit cocktail.
Chevron settlement could aid Patton Boggs merger: lawyers
NEW YORK (Reuters) – In a deal that could pave the way for a major law firm merger, Washington law and lobbying firm Patton Boggs has agreed to pay $15 million to settle claims by Chevron Corp that it tried to enforce an $18 billion pollution judgment …
JPMorgan says to shut U.S. accounts of foreign diplomats
(Reuters) – JPMorgan Chase & Co said on Wednesday it was closing the U.S. accounts of current and former foreign government officials to avoid the high compliance costs associated with these accounts.
Insight: Washington delays big banks from writing wills before a collapse
WASHINGTON (Reuters) – Almost six years after Lehman Brothers collapsed, U.S. regulators still haven’t given Wall Street banks individual feedback on how to improve so-called “living wills” that detail how to go bankrupt without spending taxpayer dolla…
U.S. judge: Government’s antitrust suit vs AmEx may proceed
NEW YORK (Reuters) – A lawsuit brought by the U.S. Justice Department and several states against American Express Co over the credit card rules the company imposed on merchants can move forward to trial, a U.S. judge ruled on Wednesday.
U.S. consumer credit posts largest gain in a year
WASHINGTON (Reuters) – U.S. consumer credit recorded its largest increase in a year in March, boosted by growing demand for student loans and household borrowing to buy automobiles.
Toshiba wants to buy Alstom power grid business from GE: Nikkei
(Reuters) – Toshiba Corp will offer to buy Alstom’s power grid business for “several hundred billion yen” if General Electric Co completes its planned purchase of Alstom’s energy business, the Nikkei newspaper reported.
Alibaba files for what may be biggest tech IPO
SAN FRANCISCO (Reuters) – Alibaba gave investors a closer look at the scale and growth of the Chinese e-commerce juggernaut in an initial public offering (IPO) prospectus filed on Tuesday, the first step in what could be the largest technology debut in…
