Domestic slowdown holds back Australian airlines
SINGAPORE/SYDNEY (Reuters) – Headwinds from Australia’s slowing economy and intense competition in the domestic airline market have resulted in an uncertain near-term outlook for Qantas Airways Ltd and Virgin Australia , which report their full-year re…
Ex-HealthSouth CEO Scrushy loses bid to end SEC ban
(Reuters) – A federal judge rejected former HealthSouth Corp Chief Executive Richard Scrushy’s bid to lift a ban on his serving as an officer or director of a public company, which was part of his settlement of U.S. Securities and Exchange Commission c…
Toyota says 2015 Prius hybrid will be lighter, more economical
DETROIT (Reuters) – Toyota Motor Corp , which introduced most consumers to hybrid technologies with its Prius more than 15 years ago, said on Wednesday that the next generation of that popular series will offer improved fuel economy due to smaller, lig…
U.S., some Swiss banks close to tax probe settlement: Justice Dept
WASHINGTON (Reuters) – The U.S. government expects to announce within days a program that would allow some Swiss banks to avoid or defer prosecution over a long-running probe of offshore tax dodging by Americans, a senior Justice Department official sa…
Analysis: Syria, debt ceiling worry has markets questioning Fed taper
NEW YORK (Reuters) – Until a few days ago, it looked like a sure bet that the U.S. Federal Reserve would announce the beginning of the end of its massive bond buying program in September. Now, investors are less certain.
Guess Inc’s quarterly results beat Wall Street, shares rise
(Reuters) – Guess Inc reported second-quarter results above expectations due to an improvement in North American retail sales, sending shares of the company up 15 percent in after market trading.
Pentagon official sees defense M&A slowed by budget impasse
WASHINGTON (Reuters) – The Pentagon’s top manufacturing official expects a spate of merger and acquisition activity – and a doubling of efforts by foreign companies to take over U.S. arms makers – once the uncertain U.S. budget outlook becomes clearer….
BofA’s Merrill to settle racial bias suit for $160 million
WASHINGTON (Reuters) – Brokerage firm Merrill Lynch has agreed to pay $160 million to settle a class-action race discrimination lawsuit brought by a longtime U.S. employee, an attorney for the plaintiffs confirmed on Wednesday.
Emirates plans to more than double U.S. destinations
NEW YORK (Reuters) – Emirates Airline plans to more than double its network of U.S. destinations in the next three to five years to a total of 15 U.S. cities, up from seven currently, a company official said.
Nigeria picks Goldman, Credit Suisse, UBS for wealth fund
LAGOS (Reuters) – Nigeria’s sovereign wealth fund on Wednesday appointed Goldman Sachs , UBS and Credit Suisse as asset managers for the 20 percent portion of its $1 billion fund that is meant to cushion against oil price shocks, it said.
