Consumer Reports pulls recommendation for Toyota Camry
DETROIT (Reuters) – Toyota Motor Corp’s reputation for quality took a hit on Monday when influential magazine Consumer Reports pulled its recommendation on three of the Japanese automaker’s vehicles, including its popular flagship Camry sedan, due to p…
Analysis: From Big Foot to Bluto, Gulf of Mexico bolstering U.S. as No. 1 in oil
CORPUS CHRISTI, Texas (Reuters) – The Gulf of Mexico, stung by the worst offshore oil spill in U.S. history in 2010 and then overshadowed by the onshore fracking boom, is on the verge of its biggest supply surge ever, adding to the American oil renaiss…
Burger King steers away from special menus as profit beats
(Reuters) – Burger King Worldwide Inc , known for its Whopper hamburgers, on Monday said it plans to introduce fewer seasonal and limited-time menu items in a bid to help restaurant operators improve profits and speed up service.
Switzerland extradites man linked to Finmeccanica probe to Italy
ZURICH (Reuters) – Switzerland has extradited a man to Italy in connection with a probe into allegations of bribery in an Indian helicopter deal won by Finmeccanica unit AgustaWestland, Swiss authorities said on Monday.
AMC to buy most of Liberty Global’s international content unit
(Reuters) – AMC Networks Inc said it would buy Chellomedia, the international content unit of John Malone’s Liberty Global Plc, for about $1.04 billion, giving it greater control over the global distribution of its programs.
Embattled G4S rejects $2.5-billion offer for cash delivery unit
LONDON (Reuters) – G4S , the world’s largest security services firm which is fighting to restore its reputation after a series of contract scandals, has rejected a $2.5-billion offer for its cash transport business.
Former Vivendi boss begins appeal in Paris court
PARIS (Reuters) – Jean-Marie Messier, the former boss of Vivendi who drove the media-and-telecom group to the brink of bankruptcy, began his appeal on Monday against a 2010 conviction for embezzlement and giving misleading information to shareholders.
Tepco can’t yet be trusted to restart world’s biggest nuclear plant: governor
NIIGATA, Japan (Reuters) – Tokyo Electric Power Co must give a fuller account of the Fukushima disaster and address its “institutionalized lying” before it can expect to restart another nuclear station, the world’s largest, said a local government offi…
Exclusive: Activist investor Sandell urges swap on DCP Midstream
HOUSTON (Reuters) – Activist investor Sandell Asset Management is urging Spectra Energy Corp to swap its interest in DCP Midstream Partners LLC for equity in Phillips 66’s master limited partnership (MLP) in a deal meant to improve the valuations of th…
U.S. pending home sales fall by most in more than three years in September
WASHINGTON (Reuters) – Contracts to purchase previously owned U.S. homes fell by the most in more than three years in September, a sign that a softer economy and a rise in mortgage rates are hurting the country’s housing market.
