New York court advances lawsuit against Martha Stewart Living on pet products
NEW YORK (Reuters) – A lawsuit claiming Martha Stewart Living Omnimedia Inc tried to undercut a business partner’s relationship with pet products retailer PetSmart Inc can proceed, a New York state judge ruled on Monday.
One current, two former Bridgestone executives indicted for price-fixing
WASHINGTON (Reuters) – One Bridgestone Corp executive and two former officials from the company were indicted Tuesday for conspiring to fix the prices of certain automotive parts, the Justice Department said on Tuesday.
Scarce land could blunt recovery for U.S. homebuilders
(Reuters) – A resurgent U.S. housing market has created an unforeseen land shortage that could take the shine off an otherwise promising year for homebuilders.
Rising food, housing costs push up U.S. inflation
WASHINGTON (Reuters) – U.S. consumer prices firmed a bit in March, as food and housing rental costs rose in a possible sign that a disinflationary trend had run its course.
Three former ICAP brokers in UK court on Libor fixing charges
LONDON (Reuters) – Three former brokers at ICAP , the world’s largest interdealer broker, appeared in a London court on Tuesday charged with running a four-year scheme to manipulate Libor benchmark interest rates.
Exclusive: Pemex refineries to boost output in 2014, maintenance peaks in October, November
MEXICO CITY (Reuters) – Refineries owned by Mexico’s state-run oil company Pemex will boost crude processing volumes to their highest rate in five years in 2014, with maintenance work peaking in late autumn, according to a company plan seen by Reuters….
Coca-Cola sales beat estimates as China volumes soar
(Reuters) – Coca-Cola Co reported better-than-expected quarterly revenue as it ramped up spending on marketing and advertising, boosting sales in emerging markets such as China.
Cargill expects flour merger with ConAgra to be finalized in 6 to 8 weeks
WINNIPEG, Manitoba (Reuters) – Agribusiness company Cargill Inc expects its flour mill merger with ConAgra Foods Inc to be resolved positively in six to eight weeks, Executive Chairman Greg Page said on Tuesday.
J&J beats forecasts as sales of new drugs shine
(Reuters) – Johnson & Johnson reported quarterly earnings well above expectations, as strong sales of new drugs offset weak demand for consumer products and medical devices, and the company slightly raised its full-year profit view.
3M board opposes proposal for shareholder actions without vote
(Reuters) – Post-it notes maker 3M Co said its board opposed a proposal by shareholder James McRitchie to allow investors holding enough shares to take a particular action through written consent without putting it to a vote.
