Ford to restate fuel mileage of C-Max hybrid: source
DETROIT (Reuters) – Ford Motor Co will lower the fuel economy rating on its C-Max hybrid later on Thursday following complaints from consumers and industry experts that its mileage fell short of claims, a person familiar with the matter said.
Iowa insurance commissioner approves Athene’s $1.55 billion buyout of Aviva USA
NEW YORK (Reuters) – The Iowa insurance commissioner approved Athene Holding Ltd’s pending $1.55 billion purchase of British insurer Aviva Plc’s U.S. annuity business, the state said on Thursday.
Ex-Vitesse execs plead guilty in backdating-related case
NEW YORK (Reuters) – Two former Vitesse Semiconductor Corp executives who jurors twice failed to convict for inflating company earnings and backdating stock options pleaded guilty to a lesser charge Thursday.
Ex-Vitesse execs plead guilty in backdating-related case
NEW YORK (Reuters) – Two former Vitesse Semiconductor Corp executives who jurors twice failed to convict for inflating company earnings and backdating stock options pleaded guilty to a lesser charge Thursday.
Boeing raises sticker prices of commercial jets
NEW YORK (Reuters) – Boeing Co said it raised the list prices on Thursday for most of its family of commercial jetliners by about 1.6 percent, compared with 2012 levels, far less than the 5.5 percent increase the company made last year.
U.S. jobs, inflation data support tapering of Fed bond buying
WASHINGTON (Reuters) – The number of Americans filing new claims for jobless benefits fell to a near six-year low last week and consumer prices rose broadly in July, which could draw the Federal Reserve closer to trimming its massive bond-buying progra…
Wal-Mart sales disappoint as U.S. shoppers curb spending
(Reuters) – Wal-Mart Stores Inc reported a surprise decline in quarterly same-store sales in the United States, its biggest market, after shoppers came in less often because higher taxes and gasoline prices were leaving them with less spending money.
Credit Suisse moving tech banking head Wah to Silicon Valley
NEW YORK (Reuters) – Credit Suisse Group AG is moving the global co-head of its technology, media and telecom group to San Francisco from New York, bolstering its Silicon Valley investment banking presence in anticipation of more deals in the sector, t…
Crippling debts and bankruptcies brew Vietnam coffee crisis
HO CHI MINH CITY/SINGAPORE (Reuters) – Desks are empty, the office silence broken only by a handful of staff chit-chatting or playing on cellphones. It’s another slow day at the headquarters of Vinacafe, a state-owned firm once the vanguard of Vietnam’…
Ackman is gone but options market sees more risk for JC Penney
(Reuters) – Activist hedge fund investor William Ackman may be off the board of J.C. Penney Co Inc , but concerns about the U.S. department store chain’s prospects have pushed bearish bets to record levels in the U.S. options market.
