Petrobras HQ raided by Brazil police in money-laundering probe
RIO DE JANEIRO (Reuters) – Brazil’s Federal Police raided the headquarters of state-run oil company Petroleo Brasileiro SA in Rio de Janeiro on Friday as part of a money-laundering probe, two sources with direct knowledge of the operation told Reuters….
Nestle says chairman has curable illness, will stay on in role
ZURICH (Reuters) – The chairman of Nestle , the world’s largest food group, will undergo treatment for a curable illness but this will not affect his ability to carry out his job, the company said.
Wells Fargo profit beats estimates, helped by one-time gains
(Reuters) – Wells Fargo & Co, the biggest U.S. mortgage lender, reported a higher-than-expected 14 percent rise in first-quarter net profit, as a series of cost cuts and one-time gains helped the bank offset the lowest volume of home loans it made in five-and-a-half years.
Brazil probe of Petrobras U.S. refinery misses bigger problem
RIO DE JANEIRO (Reuters) – The purchase of a Texas oil refinery by Brazil’s state-run oil company has become a campaign issue as opponents of President Dilma Rousseff use it to attack her reputation as a no-nonsense manager and weaken her lead ahead of…
Individuals targeted as San Francisco tech money protests intensify
SAN FRANCISCO (Reuters) – Demonstrations against the grip on San Francisco held by wealthy technology workers took a personal turn on Friday with protesters taking aim at a Google lawyer they say personifies the tensions being stirred by abundant tech …
Greek central bank chief says wants second term
ATHENS (Reuters) – Greece’s central bank chief George Provopoulos said on Friday he would accept a second term at the helm of the Bank of Greece if the government offered it to him when his current one expires in June.
Insight: Deadly GM ignition switches started with 2003 Saturn Ion
DETROIT/WASHINGTON (Reuters) – The 2003 Saturn Ion was supposed to be a pivotal car for General Motors Co. Instead, it came to represent the compromises and corner cutting that almost destroyed GM and now find the company in a global recall of some of …
Chrysler to take $130 million charge in first quarter due to Venezuela
DETROIT (Reuters) – A change in the way it measures currency in Venezuela will cause Fiat Chrysler Automobile’s Chrysler Group LLC unit to take a $130 million charge in its first quarter, Chrysler said on Friday in a filing with U.S. regulators.
Senators ask Justice Department to intervene in GM recalls
WASHINGTON (Reuters) – A group of U.S. senators on Friday urged the Department of Justice to oppose any efforts by General Motors Co to skirt financial responsibility related to the company’s failure to promptly recall vehicles with ignition switch pro…
Alibaba to buy AutoNavi
(Reuters) – Chinese digital mapping and navigation firm AutoNavi Holdings Ltd agreed to be acquired by e-commerce firm Alibaba Group Holding Ltd in a deal valuing the company at about $1.5 billion.
