World Bank panel rejects Venezuela’s appeal over Conoco
CARACAS (Reuters) – A World Bank panel has rejected Venezuela’s request for a new hearing to contest a 2013 partial ruling that it failed to act in good faith regarding negotiations to compensate U.S. oil company ConocoPhillips for expropriations.
GM waited on Ion recall despite awareness of fatal crashes
DETROIT/WASHINGTON (Reuters) – General Motors Co waited more than two weeks to expand a major recall to include the Saturn Ion and other compact cars, even though its engineers were aware of four fatalities in crashes involving the model, GM said in fi…
Herbalife says FTC opens inquiry long sought by Ackman
(Reuters) – Herbalife Ltd said on Wednesday that the U.S. Federal Trade Commission had opened an inquiry into its operations, news that briefly sent the nutrition and weight loss company’s share price down more than 16 percent.
Herbalife says FTC opens inquiry long sought by Ackman
(Reuters) – Herbalife Ltd said on Wednesday that the U.S. Federal Trade Commission had opened an inquiry into its operations, news that briefly sent the nutrition and weight loss company’s share price down more than 16 percent.
GM recommends light key rings after recall
DETROIT/WASHINGTON (Reuters) – General Motors Co said on Wednesday that even after the vehicles in its ignition-switch recall are repaired, owners should avoid weighing down their key rings with anything more than the key and fob.
‘Candy Crush’ maker sees up to $7.6 billion IPO valuation
(Reuters) – King Digital Entertainment Plc, maker of hit mobile phone game “Candy Crush Saga”, expects to be worth up to $7.6 billion when it goes public this month in the United States, amid concerns about its over reliance on the game.
Defense for Madoff aides claims ignorance of fraud in closing arguments
NEW YORK (Reuters) – Attorneys for five former aides of convicted swindler Bernard Madoff wrapped up nearly 20 hours of closing arguments on Wednesday, capping their courtroom campaign to convince a federal jury that their clients never knowingly joine…
Peugeot family backs state candidate for chairman: paper
PARIS (Reuters) – French civil servant Louis Gallois is set to become chairman of French carmaker PSA Peugeot Citroen after the founding Peugeot family was persuaded by the government to support his nomination, Le Figaro reported on Wednesday.
After Mexico fraud, Citi finds other three sets of suspect loans
NEW YORK (Reuters) – Citigroup Inc, which recently discovered it made some $400 million in fraudulent loans to a company in Mexico, found three other sets of smaller loans that may be suspicious, the bank’s chief financial officer told a group of inves…
U.S. Senate Judiciary panel sets hearing on Comcast merger
WASHINGTON (Reuters) – The U.S. Senate Judiciary Committee will hold a hearing on Comcast’s plan to merge with Time Warner Cable in April and another on retransmission issues in late March, the committee said on Wednesday.
