Austrian police search Dana offices in Eurofighter investigation: report
VIENNA (Reuters) – Austrian police searched the offices of U.S. automotive supplier Dana Holding Corp as part of an investigation into whether aerospace group EADS paid bribes to win a sale of Eurofighter jets, Format magazine reported on Thursday.
New York proposes new rules for force-placed insurance
NEW YORK (Reuters) – The state of New York on Thursday proposed new rules for the force-placed property insurance industry, aimed at eliminating what the state calls kickbacks pushing premiums “sky-high” for homeowners.
Wells Fargo cutting 1,800 jobs in mortgage business
NEW YORK (Reuters) – Wells Fargo & Co , the largest U.S. mortgage lender, said on Thursday that it will cut 1,800 jobs in its home loan business due to lower demand for refinancing amid higher interest rates.
Roche decides against selling diabetes device unit -sources
NEW YORK (Reuters) – Swiss drugmaker Roche Holding AG has decided against trying to sell its blood glucose meter business, according to two people familiar with the matter.
Twitter in talks to add banks to IPO, set fees – sources
NEW YORK (Reuters) – Twitter is in talks to add additional banks to its underwriting syndicate for its upcoming initial public offering and in the process of finalizing the fee structure, according to three people familiar with the matter.
Cargill to build $200 million oil crushing plant in Russia
CHICAGO (Reuters) – Agribusiness Cargill Inc said on Thursday it plans to open a $200 million sunflower oil crushing plant in southern Russia in time for the 2015 harvest.
U.S. existing home sales rise to 6-1/2 year high
WASHINGTON (Reuters) – U.S. home resales hit a 6-1/2 year high in August as buyers flocked back to the market to lock in cheap borrowing costs amid rising mortgage rates, a signal of continued strength in the housing market recovery.
U.S. leading economic indicator up 0.7 percent in August, beats forecast
WASHINGTON (Reuters) – An index of U.S. leading indicators advanced by more than expected in August as the economy shrugged off higher borrowing costs and the lingering impact of tax increases and Washington budget cuts, that posed a headwind for U.S. …
Analysis: GE shuffle signals growing importance of oil & gas unit
(Reuters) – General Electric Co’s decision to name rising star Lorenzo Simonelli to head its oil and gas equipment business signals just how important energy has become to the conglomerate as it retreats from finance and returns to its industrial roots…
Honda to recall 405,000 vehicles over airbag system glitch
TOKYO (Reuters) – Honda Motor Co said it is recalling about 405,400 vehicles, including the Odyssey minivan in the United States and three other countries, due to a glitch in the computer chip used in the airbag system.
