Italy and France to lag Germany in euro zone recovery
BRUSSELS (Reuters) – Germany is set to accelerate away from France and Italy in 2014 as the fragmented euro zone economy gradually recovers from its worst crisis, the European Commission said on Tuesday.
Home prices rise more than forecast in December
(Reuters) – U.S. single-family home prices in December rose slightly more than expected from the previous month, a closely watched survey showed on Tuesday.
Airbus seeks $1.2 billion compensation over German Eurofighters
BERLIN/MUNICH (Reuters) – Airbus Group will demand around 900 million euros ($1.24 billion) compensation from Germany over plans to cancel delivery of a final shipment of Eurofighter jets, a source close to a German parliamentary committee said on Tues…
GM calls electronic glitch in pickups ‘inconsequential’
DETROIT (Reuters) – General Motors Co, the biggest U.S. automaker, wants to avoid the recall of more than 200,000 of its new full-size Chevrolet and GMC pickup trucks, asking U.S. safety regulators to declare an electronic glitch as “inconsequential” t…
Home Depot profit tops estimates on cost cuts
(Reuters) – Home Depot Inc reported a higher-than-expected quarterly profit on Tuesday as it kept a tight lid on costs to offset weak sales, sending shares in the world’s largest home improvement chain up 3 percent.
Chesapeake Energy says pursuing strategic alternatives for oilfield services unit
(Reuters) – Chesapeake Energy Corporation said it is pursuing strategic alternatives for its oilfield services division, including an outright sale or a potential spin off to Chesapeake shareholders.
Chesapeake’s ex-CEO McClendon tries to force new drilling
HOUSTON (Reuters) – Chesapeake Energy Corp ousted its former chief executive Aubrey McClendon last April after a governance scandal and a liquidity crisis. But the former boss retains financial ties to the second-largest U.S. natural gas company, and h…
Exclusive: Google sets roadblocks to stop distracted driver legislation
SAN FRANCISCO (Reuters) – Google is lobbying officials in at least three U.S. states to stop proposed restrictions on driving with headsets such as Google Glass, marking some of the first clashes over the nascent wearable technology.
India to block U.S. trade probes, ready for fight at WTO
NEW DELHI (Reuters) – India has decided to block investigations by the United States into its trade policies and patent laws, and prepare for a battle at the World Trade Organization (WTO), a move that could escalate already-strained tension between th…
Japan’s Line denies report of talks to sell stake to SoftBank
TOKYO/SEOUL (Reuters) – Japan-based Line Corp denied a media report it was in talks to sell a stake to SoftBank Corp – a report that comes after big acquisitions of rival messaging app firms have fanned speculation that it too may be up for grabs.
