Volkswagen grapples with 1.7 million global recall focused on China
BERLIN (Reuters) – Volkswagen is beset with a large global vehicle recall as Europe’s biggest carmaker steps up efforts to surpass Toyota and General Motors in the quest for the top sales spot.
Merck KGaA says eyes acquisitions at all four units
DARMSTADT, Germany (Reuters) – Germany’s Merck KGaA said it would look into possible acquisitions to strengthen all of its four business divisions – prescription drugs, non-prescription drugs, laboratory equipment and specialty chemicals.
Top Japan banks’ second-quarter earnings leap thanks to ‘Abenomics’ bull market
TOKYO (Reuters) – Japan’s top banks logged strong second quarter profit growth and raised their full-year outlook as a surge in the Tokyo stock market boosted equity portfolios, but other benefits of “Abenomics” have yet to spread to their core lending…
RWE can’t rule out further job cuts after 2016
FRANKFURT (Reuters) – RWE , Germany’s No.2 utility, cannot rule out further job cuts after 2016, board member Uwe Tigges told journalists during a conference call on Thursday.
Boeing machinists reject labor deal on 777X by 67 percent
SEATTLE (Reuters) – Boeing Co machinists soundly rejected an eight-year labor contract extension on Wednesday that would have let them build the company’s newest jetliner in Washington, a historic decision that could forever alter the course of Boeing’…
Greece must step up effort to find 2014 budget gap financing: Eurogroup head
BRUSSELS (Reuters) – Greece must step up efforts to reach an agreement with international lenders on how to close a 2 billion euro ($2.68 billion) financing gap in its 2014 budget, the head of euro zone finance ministers Jeroen Dijsselbloem said on Thu…
America Movil sees no hostile T.Austria move: report
VIENNA (Reuters) – America Movil does not plan a hostile takeover attempt of Telekom Austria , in which it owns 23 percent, its chief executive told an Austrian magazine.
U.S. probe of JPMorgan hiring in China involves ex-Premier Wen’s daughter – NYTimes
HONG KONG (Reuters) – JPMorgan paid $1.8 million over two years to a small consulting firm run by the daughter of former Chinese Premier Wen Jiabao, The New York Times reported on Thursday, a relationship that is part of a wider U.S. probe into the Wal…
French economy contracts 0.1 percent in setback for Hollande
PARIS (Reuters) – France’s economy unexpectedly returned to contraction in the third quarter as investment dropped, dealing a new blow to President Francois Hollande’s efforts to revive the euro zone’s second biggest economy.
RWE slashes jobs, costs to escape industry turmoil
FRANKFURT/DUESSELDORF (Reuters) – German utility RWE said it would cut more jobs and trim capital spending as it joined peers in warning of a deep crisis in Europe’s energy industry that would keep a lid on growth in the foreseeable future.
