New U.S. meat label rule survives challenge by meat packers
WASHINGTON (Reuters) – A U.S. district judge refused on Wednesday to stop the government from requiring labels on packages of beef, pork, poultry and lamb sold in U.S. stores to include more specific information about the meat’s country of origin.
Cargill picks new CEO to take over December 1
CHICAGO (Reuters) – Agribusiness Cargill Inc on Wednesday said its chief executive officer will step down on December 1 in the latest management shuffle among the world’s top agricultural trading houses.
Deutsche Bank traders win unfair dismissal case
FRANKFURT (Reuters) – Four traders have won a case for wrongful dismissal against Deutsche Bank AG , which had accused them of violating company policy by inappropriately communicating with other traders at the bank over the setting of interbank lendin…
Dell launches $5.5 billion loan to back leveraged buyout
NEW YORK (Reuters) – Computer maker Dell Inc set indicative pricing on the new $5.5 billion loan backing the company’s approximately $25 billion buyout by founder and CEO Michael Dell and private equity firm Silver Lake Partners, sources told Thomson R…
Hermes tests European appetite for its young Chinese brand
PARIS (Reuters) – Shang Xia, a Chinese brand backed by French luxury goods group Hermes , opened its first shop outside its home market in Paris on Wednesday to test demand among non-Chinese customers for its handcrafted products.
U.S. wholesale stocks barely rise, may impact third quarter growth
WASHINGTON (Reuters) – U.S. wholesale inventories rebounded less than expected in July, suggesting restocking will probably not contribute much to economic growth in the third quarter.
Exclusive: Tradeweb in exclusive talks to buy BondDesk – sources
NEW YORK (Reuters) – Fixed-income trading platform provider Tradeweb is in exclusive talks to buy BondDesk Group LLC in a deal expected to be valued at up to $200 million, two sources familiar with the situation told Reuters this week.
BA to offer ‘hand baggage only’ fares from London airports
LONDON (Reuters) – British Airways said it would extend its cheaper ‘hand baggage only’ fares to flights leaving from London’s Heathrow and City airports, following their introduction on short-haul services from London Gatwick in February.
Deutsche Bank traders win unfair dismissal case
FRANKFURT (Reuters) – Four traders have won a case for wrongful dismissal against Deutsche Bank AG , which had accused them of violating company policy by inappropriately communicating with other traders at the bank over the setting of interbank lendin…
VistaJet CEO takes aim at U.S. before China push
LONDON (Reuters) – Private jet operator VistaJet will take on its Warren Buffet-owned rival in the United States next year before turning attention to the Chinese market, the company’s founder and chairman Thomas Flohr said.
