China eyes adopting international law to spark life into trade zones
HONG KONG (Reuters) – China is considering the use of international law in a big push to get free trade zones up and running to promote the use of the yuan in global trade, which could challenge Hong Kong longer term as the main offshore center for the…
Investors eye Samsung’s cash pile at rare strategy briefing
SEOUL (Reuters) – Investors are likely to press Samsung Electronics Co on dividends and plans to sustain growth as the world’s biggest smartphone maker holds its first analysts’ briefing in eight years on Wednesday.
Former Deutsche Bank unit in $12 million deal to resolve bias claims
WASHINGTON (Reuters) – A former Deutsche Bank unit will pay $12.1 million to harmed borrowers in order to resolve allegations that it discriminated against African-American and Hispanic borrowers seeking mortgage loans, the U.S. housing regulator said …
Former Deutsche Bank unit in $12 million deal to resolve bias claims
WASHINGTON (Reuters) – A former Deutsche Bank unit will pay $12.1 million to harmed borrowers in order to resolve allegations that it discriminated against African-American and Hispanic borrowers seeking mortgage loans, the U.S. housing regulator said …
Stock options may save tech companies billions in U.S. taxes: report
WASHINGTON (Reuters) – Twitter Inc and 11 other technology companies have enough stock-option tax breaks to avoid paying billions of dollars in taxes over the next several years, a consumer group said on Tuesday.
Advantage to file for bankruptcy as Hertz cuts car supply
(Reuters) – Advantage Rent A Car, which Hertz Global Holdings Inc hived off as part of a deal to buy Dollar Thrifty, will file for bankruptcy after Hertz terminated lease agreements that provided Advantage with its cars.
October U.S. jobs report seen muddied by government shutdown
WASHINGTON (Reuters) – U.S. job growth likely slowed sharply in October with the unemployment rate ticking higher as a partial shutdown of the government kept workers at home, undercutting an already lethargic labor market.
Batista’s OSX gets lifeline as two banks refinance loan -sources
SAO PAULO (Reuters) – OSX Brasil SA , the struggling shipbuilder controlled by former Brazilian billionaire Eike Batista, got a much-needed lifeline on Tuesday after two banks agreed to refinance a 400 million real ($175 million) loan 17 days after it …
Ford shuffles executive team to prepare for post-Mulally era
DETROIT (Reuters) – Ford Motor Co promoted several younger executives to key roles on Tuesday, marking yet another step by the U.S. automaker to prepare for the eventual exit of Chief Executive Alan Mulally.
Early Twitter investors double down on consumer Web start-ups
SAN FRANCISCO (Reuters) – For Twitter Inc’s early venture capital backers, some of whom stand to make over 500 times their investment when the company goes public, now is a time not just to celebrate but increase their stakes in mobile and social media…
