Mexico flagship airline Mexicana declared bankrupt
MEXICO CITY (Reuters) – Mexicana airlines, which suspended flights four years ago due to its heavy debt load, was declared bankrupt on Friday, paving the way to dismantle the iconic company, once one of Mexico’s top two carriers.
Lululemon prevails in lawsuits over yoga pants recall
NEW YORK (Reuters) – A lawsuit accusing Lululemon Athletica Inc of defrauding shareholders by hiding defects in some yoga pants that led to a costly recall and caused the retailer’s stock price to fall should be dismissed, a U.S. judge said.
Exclusive: Symantec to hire banks for advice, activism defense – sources
NEW YORK (Reuters) – Anti-virus and security software maker Symantec Corp, which recently fired its chief executive amid declining sales and fierce competition, is in the process of hiring banks to help advise on strategy and defend against possible ac…
Internet companies’ growing ambitions spook 51 percent of Americans: Reuters/Ipsos poll
SAN FRANCISCO (Reuters) – The personal data gathering abilities of Google, Facebook and other tech companies has sparked growing unease among Americans, with a majority worried that Internet companies are encroaching too much upon their lives, a new po…
Vivendi to take weekend to study dueling SFR bids
PARIS/LONDON (Reuters) – France’s Vivendi said on Friday that its board needed more time to weigh two bids for its SFR telecom business, leaving business and political circles in suspense over a month-long, 15 billion euro takeover battle.
More Wall Street economists see rate hike in first half of 2015: Reuters poll
(Reuters) – More Wall Street economists now believe the Federal Reserve will raise interest rates in the first half of 2015, as evidence builds that the U.S. economy has regained some momentum lost during an unusually rough winter, a survey showed on F…
Exclusive: Enbridge plans to re-export Canadian oil via United States
NEW YORK (Reuters) – Enbridge Inc has obtained a license to re-export Canadian oil from the United States, becoming the first company to publicly confirm a move that could fuel debate over U.S. trade policy and oil sands pipelines.
Etihad’s proposal for Alitalia not seen before Monday: sources
MILAN/ROME (Reuters) – Etihad Airways’ proposal to start formal talks on its potential investment in Alitalia is not expected before Monday, two sources close to the matter said, cooling expectations that negotiations with the Italian airline would gai…
Ex-BP boss Hayward could stay Glencore chair: WSJ
(Reuters) – Glencore Xstrata Plc’s interim chairman, former BP Plc chief executive Tony Hayward, is in the running to take the job permanently, the Wall Street Journal reported on Friday, citing people familiar with the situation.
Hillshire to close 70-year-old Alabama plant, cut 1,100 jobs
(Reuters) – Hillshire Brands Co on Friday said it will close its Florence, Alabama, plant, the site of its breakfast sandwich and breakfast sausage cooking operations, and cut roughly 1,100 jobs by December 30.
