UK parliament condemns BBC, NY Times’ Thompson over payouts
LONDON (Reuters) – British lawmakers delivered a stinging rebuke on Monday to top BBC executives and trustees, including the corporation’s former chief Mark Thompson, saying their award of severance payments to outgoing managers appeared to be part of …
Australia rolls the fluffy dice on stalling autos sector
SYDNEY (Reuters) – Harrington Industries Ltd, a 94-year-old privately-owned car parts maker, should be crushed by the coming implosion of Australia’s auto manufacturing industry.
AIG to value aircraft-leasing unit at $5 billion: report
NEW YORK (Reuters) – U.S. insurer American International Group (AIG.N) is valuing its aircraft-leasing business, which it is in talks to sell to AerCap Holdings NV (AER.N), at $5 billion, the Wall Street Journal reported on Sunday.
After China Mobile sugar rush, Apple will fight for customers
BEIJING (Reuters) – For all the hype, Apple Inc’s long-awaited iPhone agreement with China Mobile Ltd may deliver little more than a fleeting revenue jolt for the U.S. giant.
Insight: Key Canada win signals Boeing bid to regain market share
PARIS/SEATTLE (Reuters) – A few months ago Boeing Commercial Airplanes Chief Executive Ray Conner launched an internal campaign to urge the company’s staff to fight for every sale following a series of defeats to European rival Airbus.
Fed could set off year-end fireworks
NEW YORK (Reuters) – The possibility that the Federal Reserve could finally start to trim its extraordinary stimulus for the economy could make this week an explosive one for financial markets.
Insight: Wall Street’s energy rivals – Big Oil, a French utility, the Koch brothers
NEW YORK (Reuters) – As a historic oil and gas boom transforms the U.S. energy sector, Wall Street is losing the battle to remain the partner of choice for energy producers and major consumers seeking to protect themselves against volatile prices.
Italy watchdog may fine BlackRock on Telecom Italia: report
MILAN (Reuters) – Italian watchdog Consob may fine the world’s biggest money manager BlackRock Inc for not informing the regulator soon enough that it had increased its stake in Italy’s Telecom Italia , Consob’s chairman told an Italian daily.
Analysis: Tronox, Anadarko fight over cleanup costs may be just getting started
NEW YORK (Reuters) – A court ruling that holds Kerr-McGee Corp liable for billions of dollars in environmental cleanup costs brought to a close a months-long trial over its spinoff of Tronox Inc, a paint materials maker that later went bankrupt.
Brazil minister to avoid ‘confusing’ accounting: newspaper
SAO PAULO (Reuters) – Brazil will no longer resort to creative accounting to meet a closely watched primary budget surplus target and expects its fiscal position to improve in 2014 with a larger tax take, Finance Minister Guido Mantega told a newspaper…
