German car industry rocked by vote-rigging in auto prize
BERLIN/FRANKFURT (Reuters) – Germany’s ADAC car club, Europe’s largest and most influential, said on Monday revelations it had falsified results of its annual car award struck at the core of its credibility and critics raised questions about its car sa…
Doric expects to complete Airbus A380 order soon
DUBLIN (Reuters) – Doric Lease Corp expects to finalize an order for 20 Airbus A380 superjumbo jets in the next couple of months, a senior executive said on Monday.
New credit raters struggle to break stranglehold of ‘big three’
LONDON (Reuters) – For all the outrage over the role of the big three credit-rating firms in the financial crisis, they show no sign of losing their grip on the highly profitable industry.
LVMH watches and jewelry head Trapani to step down
PARIS (Reuters) – LVMH said watches and jewelry head Francesco Trapani would step down on March 1, becoming an advisor to group Chairman Bernard Arnault and keeping his seat on the board of directors of the world’s biggest luxury group.
BRIC or MINT? Investors suffer acronym anxiety
LONDON (Reuters) – Which investment takes your fancy: BRIC, MINT or CIVETS? For many fund managers seeking the next big thing in emerging markets, the answer is none.
Ford’s ‘quality’ push comes at busy time for automaker
DETROIT (Reuters) – Ford Motor Co is betting that the tight bond between two of its senior executives can help the automaker prevent quality missteps from derailing its busiest-ever year for launching new vehicles.
Regulators start work on new bank asset valuation rule
LONDON (Reuters) – Global regulators are planning the world’s first common rule within three years to value hard-to-price assets held by banks after unexpected revisions have unsettled investors, the man overseeing the plan told Reuters.
South Africa minister warns on economy as mines face strike threat
JOHANNESBURG (Reuters) – South Africa’s ailing economy cannot afford more mine labor unrest, Finance Minister Pravin Gordhan said on Monday, as the platinum industry’s main trade union served notice on the world’s top three producers that it planned to…
Brewer AB InBev grows in Asia with $5.8 billion Korea return
HONG KONG/BRUSSELS (Reuters) – Anheuser-Busch InBev SA, the world’s biggest brewer, agreed to buy back South Korea’s Oriental Brewery Co Ltd (OB) for $5.8 billion including debt, returning to a large Asian market at a time of strong industry growth acr…
Google set to face Intellectual Ventures in landmark patent trial
SAN FRANCISCO (Reuters) – Intellectual Ventures is set to square off this week against Google Inc’s Motorola Mobility unit in the first trial that the multibillion-dollar patent-buying firm has undertaken since it was founded.
