Texas drops out of suit to halt US Air-American deal
WASHINGTON (Reuters) – The U.S. Department of Justice, fighting a proposed merger of US Airways Group Inc and American Airlines parent AMR Corp , lost a bid to delay the case on Tuesday, and share prices for both companies jumped on perceptions that pr…
Analysis: Bank of Canada loosens grip on what its deputies can say
OTTAWA (Reuters) – A candid and forward-looking speech from the No. 2 at Canada’s central bank could signal a period of greater transparency under new Governor Stephen Poloz, and a move away from a tightly scripted communications policy that contrasted…
Wanted by the taxman: Indonesia’s $5 billion of lost coal
JAKARTA (Reuters) – Indonesia may be the world’s top exporter of thermal coal, but that masks an embarrassing fact for a government scrambling to raise revenue – more than $5 billion worth of the fuel is mined illegally and goes untaxed each year.
Maersk bullish on Latin America, eyes Mexico’s deep water oil
MEXICO CITY (Reuters) – Danish oil and shipping group A.P. Moller-Maersk sees big investment potential in Latin America, including deep water oil projects and ports in Mexico, its chief executive said on Tuesday.
Ex-Goldman VP Tourre seeks to toss fraud verdict in SEC case
NEW YORK (Reuters) – A former Goldman Sachs Group Inc vice president who was found liable for securities fraud over a failed mortgage transaction asked a federal judge to dismiss the U.S. Securities and Exchange Commission case against him or set a new…
Venezuela fledgling currency system spawns $859 million mystery
CARACAS (Reuters) – Venezuela’s efforts to put hard currency in the hands of dollar-starved businesses, to ease embarrassing shortages of consumer goods, are instead drawing complaints from trade groups who say they have no idea where the money has gon…
Ford up, GM down in subdued month for U.S. auto sales
DETROIT (Reuters) – U.S. consumer demand for new vehicles cooled slightly in September, as expected, as Ford Motor Co topped analysts’ expectations, but General Motors Co fell short.
Brazil’s Odebrecht plans $8.1 billion landmark investment in Mexico
MEXICO CITY (Reuters) – Brazilian conglomerate Odebrecht plans to spend $8.1 billion in Mexico in the next five years in what appears to mark the biggest investment pledge yet from a Brazilian firm in Latin America’s No. 2 economy.
Barclays customer service head resigns
(Reuters) – An executive responsible for handling customer complaints at Barclays Plc has resigned, a spokesman for the British bank confirmed.
At trial, BP denies dithering during response to U.S. Gulf spill
NEW ORLEANS (Reuters) – Dithering and indecision at BP Plc delayed the capping of its Macondo well and worsened the extent of the 2010 Gulf of Mexico oil spill, according to allegations by plaintiffs’ lawyers at trial on Tuesday that the British compan…
