French union want talks with U.S. tire chief on layoff plans
PARIS (Reuters) – Union leaders at a Goodyear tire plant in northern France have agreed to talks with a Texan executive who caused a furor earlier this year by saying the factory was “not worth saving”.
Intel’s Dadi Perlmutter to step down in February
SAN FRANCISCO (Reuters) – Intel Corp senior executive David Perlmutter, who developed technology that was key to the success of laptop personal computers, is leaving after 34 years at the chipmaker.
Ex-Bristol-Myers executive gets one-year prison for insider trading
(Reuters) – A former Bristol-Myers Squibb Co finance executive who pleaded guilty to insider trading was sentenced on Wednesday to one year and one day in prison, federal prosecutors said.
Exclusive: Fiat likely to miss Brazil sales targets – sources
MILAN/SAO PAOLO (Reuters) – Italian carmaker Fiat is likely to miss sales targets in Brazil this year and next, according to a person familiar with the matter and a document seen by Reuters, increasing the chance of a 2013 profit warning already predic…
U.S. Navy orders Raytheon to halt radar work after protest
WASHINGTON (Reuters) – The U.S. Navy on Wednesday said it had issued a stop-work order to Raytheon Co on a next-generation Air and Missile Defense Radar (AMDR) valued at $1.6 billion after Lockheed Martin Corp filed a protest of the contract award.
Higher interest rates to weigh on U.S. homebuilder earnings
(Reuters) – After seven consecutive quarters of strong demand, homebuilders in the United States are adjusting to a slowdown in new orders as rising interest rates and economic uncertainty deter buyers.
Goldman Sachs to sell 16 million shares in Sports Direct International
LONDON (Reuters) – Goldman Sachs International said on Wednesday it would sell up to 16 million shares in Sports Direct International acquired from the retailer’s founder and deputy chairman Mike Ashley.
Big companies push back against G20 tax avoidance plan
LONDON (Reuters) – Big companies have pushed back against an international drive to crack down on corporate tax avoidance, documents published by the body charged with drafting new rules showed on Wednesday.
Deutsche taps ex-Barclays banker for insurance unit: memo
NEW YORK (Reuters) – Deutsche Bank has tapped a former Barclays Plc financial services banker to be co-head of its global insurance group, according to an internal memo sent to employees.
Airbus A380 faces strategy crunch after drop in orders
LONDON (Reuters) – Airbus is poised to review its A380 superjumbo after a slump in orders and has not ruled out shaving output of the world’s largest jetliner while waiting for the economy to come to its rescue.
