Adidas joins European-led effort on Bangladesh factories
(Reuters) – Sporting goods maker Adidas AG has signed on to a pact to promote the safety of garment workers in Bangladesh, a shareholder activist group said on Tuesday.
European banks pay heavy price for scandals
AMSTERDAM/ZURICH (Reuters) – Four European banks paid a heavy price on Tuesday in a clean-up of the financial industry, with Rabobank fined $1 billion and three other major lenders preparing for possibly huge legal costs after a string of scandals.
U.S. reports $9.7 billion loss on General Motors bailout
DETROIT (Reuters) – The U.S. government has booked a loss of $9.7 billion on the nearly $50 billion bailout of U.S. automaker General Motors Co , according to a quarterly report to Congress on Tuesday.
Lufthansa says new Boeing freighter plane delayed
FRANKFURT (Reuters) – Boeing has delayed the delivery of Lufthansa’s first 777F freighter plane, just a few days before it was due to land amid ceremony in Frankfurt, while the aircraft maker carries out minor repairs to the left wing.
Dell seals $24.9 billion buyout, delisting Tuesday
SAN FRANCISCO (Reuters) – Dell Inc will delist from the Nasdaq at the close of Tuesday’s trading, as founder Michael Dell and private equity house Silver Lake complete their controversial $24.9 billion buyout of the struggling PC maker.
Co-op Bank’s ex-CEO had doubts over branch deal in 2011
LONDON (Reuters) – The former chief executive of Co-operative Bank had reservations about its abortive plan to buy hundreds of branches from Lloyds Banking Group in late 2011, he told lawmakers on Tuesday.
Sears may separate Lands’ End, Auto Center as sales slide
(Reuters) – Sears Holdings Corp is considering splitting off its Lands’ End clothing and Sears Auto Center businesses, after another quarter of declining same-store sales.
France must beat U.S. at economic intelligence: trade minister
PARIS (Reuters) – France must get better than the United States at economic intelligence rather than whining about U.S. phone tapping, which is no reason to suspend EU trade talks with Washington, its trade minister told Reuters on Tuesday.
Apple still rules in Japan as carriers battle to sell iPhones
TOKYO (Reuters) – Apple Inc’s disappointing third quarter was nowhere in evidence in Japan, where sales increased more than 40 percent as the highly anticipated launch of the new iPhone by Japan’s biggest mobile firm boosted sales – at rival carriers.
U.S. consumer confidence falls sharply in October
NEW YORK (Reuters) – U.S. consumer confidence fell sharply in October as consumers turned gloomier in their outlook for the future, according to a private sector report released on Tuesday.
