BP says can act as bridge between Russia and West
LONDON (Reuters) – BP can help enhance relations between Russia and the West and is talking to politicians across the world, its executives said on Thursday as they sought to calm shareholders’ concerns over the oil major’s large exposure to Russia.
UK watchdog to quiz Lazard over Royal Mail float
LONDON (Reuters) – The British public spending watchdog will call up independent financial adviser Lazard this month regarding its role on the controversial Royal Mail flotation, a government spokeswoman said on Thursday.
BMW to recall more than 156,000 vehicles in U.S.
(Reuters) – German carmaker BMW said it would voluntarily recall more than 156,000 vehicles in the United States, including its popular 3 Series compact sedan, to check for potentially defective bolts that could lead to engine damage.
UK’s Osborne pressed for more detail over failed Lloyds branch sale
LONDON (Reuters) – British finance minister George Osborne was on Thursday pressed for more details about the government’s involvement in a collapsed deal to sell hundreds of Lloyds Banking Group branches to the Co-operative Bank
EU backs duties on Chinese solar glass imports: sources
BRUSSELS (Reuters) – The European Union has cleared the imposition of hefty duties on Chinese imports of glass used in solar panels, claiming they receive illegal subsidies and are sold at unfairly low prices that threaten European manufacturers.
Top executive exit throws Co-op’s future into fresh doubt
LONDON (Reuters) – A former government minister appointed only four months ago to revive Britain’s Co-operative Group quit on Thursday, becoming the second experienced executive to walk away and throwing into fresh doubt the future of the 170-year-old …
Congress turns GM probe focus to engineers, considers legislation
WASHINGTON (Reuters) – U.S. lawmakers investigating General Motors’ slow recall of 2.6 million cars are zeroing in on engineers and others who may have been aware of problems with ignition switches linked to at least 13 deaths.
Jobless claims at seven-year low, signal firming economy
WASHINGTON (Reuters) – The number of Americans filing new applications for unemployment benefits tumbled last week to the lowest level in nearly seven years, strengthening views of faster job growth.
Pimco’s Gross: ‘Am I really such a jerk?’: BBG Businessweek
(Reuters) – Bill Gross, the co-founder and chief investment officer of Pimco, told Bloomberg Businessweek that his chosen successor, Mohamed El-Erian, never fully explained his decision to leave one of the largest investment firms in the world.
Lufthansa says agrees to further talks over pilots’ benefits
FRANKFURT (Reuters) – Germany’s largest airline Deutsche Lufthansa AG said on Thursday it has agreed with pilots’ union Vereinigung Cockpit (VC) to hold further talks over pay and benefits.
