SNC-Lavalin shares sink on profit warning
TORONTO (Reuters) – Shares of embattled Canadian construction and engineering company SNC-Lavalin Group Inc tumbled as much as 7 percent on Wednesday, after the company again slashed its 2013 profit forecast, raising worries about its recovery.
Alcoa says potline suspended at massive Saudi smelter
(Reuters) – Alcoa Inc said on Wednesday that the massive smelter run by the Ma’aden-Alcoa joint venture has temporarily shut down one of two potlines due to problems during ramp-up.
S&P initiates coverage of Tesla with ‘sell’ rating
DETROIT (Reuters) – Standard & Poor’s initiated coverage of Tesla Motors Inc with a “sell” rating, citing caution over the electric carmaker’s stock price.
OppenheimerFunds brave muni badlands with $2 billion Citi credit
BOSTON (Reuters) – If Hollywood made a western about the municipal bond market, portfolio managers at OppenheimerFunds could be cast as the cowboys brave enough to enter the badlands of credit risk.
Italian minister confident EU will allow Alitalia rescue plan
BOLOGNA, Italy (Reuters) – Italy’s transport minister Maurizio Lupi does not believe a government-sponsored rescue plan for loss-making airline Alitalia will fall foul of European state aid rules, he said on Wednesday.
U.S. prosecutors grill ex-Countrywide exec in BofA mortgage trial
NEW YORK (Reuters) – U.S. prosecutors grilled a former executive of Bank of America Corp’s Countrywide unit in federal court on Wednesday, seeking to show she pressed employees to churn out thousands of substandard loans with little regard for their qu…
Tennessee VW workers say company coercing them to join UAW
DETROIT (Reuters) – Four workers from the Volkswagen AG plant in Tennessee filed charges on Wednesday with U.S. labor officials alleging that German VW officials are coercing them to agree to United Auto Workers representation.
CFM says jet engine testing going to plan
PARIS (Reuters) – CFM International, the world’s largest maker of jet engines by number of units sold, said on Wednesday that testing of a new powerplant for the next generation of narrowbody passenger jets was going to plan.
Workers at newly privatized Royal Mail to strike November 4
LONDON (Reuters) – Workers at Britain’s newly privatized Royal Mail postal service voted on Wednesday to strike for 24 hours on November 4 if they cannot reach agreement with the firm on pay and working conditions.
American Airlines to add flights to Asia from Dallas/Forth Worth
(Reuters) – American Airlines on Wednesday said it plans to add nonstop flights to Hong Kong and Shanghai from Dallas/Fort Worth International Airport next year.
