Brazil probes Texas refinery, has bigger problems at home
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…
Exclusive: Microsoft, Apple diverge on bankrolling big patent buyer
SAN FRANCISCO (Reuters) – Patent buyer Intellectual Ventures has persuaded Microsoft and Sony to invest in its latest acquisition fund while Apple and Intel, which invested with IV previously, declined to participate, according to people briefed on the…
World equities hit two-week low, techs lead sell-off
LONDON (Reuters) – Global equities slipped to a two-week low on Friday as a sell-off on Wall Street led by technology and biotech shares and triggered by growing concerns that valuations are over stretched spread to Asia and Europe.
Tesco’s problems mount as profit set to fall again
LONDON (Reuters) – Tesco is expected to report a 6 percent fall in annual profit next week, a second straight decline which would pile the pressure on boss Phil Clarke who is struggling to turn around Britain’s biggest retailer.
Telefonica offers EU concessions for E-Plus deal
ATHENS (Reuters) – Spanish telecoms provider Telefonica has offered concessions in a bid to secure European Union antitrust approval for its proposed takeover of KPN’s E-Plus unit in Germany, the European Commission said on Friday.
U.S. and China appeal WTO rulings
GENEVA (Reuters) – The United States and China have both appealed against recent rulings in disputes at the World Trade Organization (WTO), filings published by the WTO showed on Friday.
Exclusive: SEC eyes test that may lead to shift away from ‘dark pools’
WASHINGTON/NEW YORK (Reuters) – U.S. securities regulators are considering testing a proposed reform that could drive business to major stock exchanges and away from alternative trading venues such as “dark pools” that critics say may be hurting invest…
Uniqlo steps up Europe push with stores in Berlin and Paris
PARIS/BERLIN (Reuters) – Japanese casual wear chain Uniqlo opens its first store in Germany on Friday, as it accelerates expansion in Europe in a bid by its parent company Fast Retailing Co Ltd to become the world’s top fashion retailer by 2020.
Safety advocates alarmed by fatal accidents in recalled GM cars
WASHINGTON (Reuters) – Safety advocates say two recent fatal accidents involving recalled General Motors Co cars provide evidence that the automaker should advise owners to take vehicles off the road until they are repaired.
Federal prosecutors in Manhattan probe JPMorgan’s Masters: report
(Reuters) – Blythe Masters, who will leave JPMorgan Chase & Co after a 27-year career, is under investigation by federal prosecutors in Manhattan, Bloomberg reported citing two people with knowledge of the matter.
