Exxon, Shell advance in Newfield’s Asia auction: sources
HONG KONG/KUALA LUMPUR (Reuters) – Energy majors Exxon Mobil Corp and Royal Dutch Shell are among the suitors advancing to the next round of bidding for Newfield Exploration Co’s Malaysian and Chinese oil and gas fields valued at about $1.2 billion, pe…
H&M comparable sales fall in June for first time since March
STOCKHOLM (Reuters) – The world’s second-biggest apparel retailer Hennes & Mauritz on Thursday unexpectedly posted a small decrease in July like-for-like sales, the first monthly drop since March.
Ex-bosses at JPMorgan unlikely to face charges in ‘Whale’ scandal
NEW YORK (Reuters) – The JPMorgan Chase & Co executives who supervised the traders at the center of the “London Whale” scandal are unlikely to face any charges over a trading debacle that cost the largest U.S. bank more than $6.2 billion, people familiar with the probe said.
Judge allows California case against Standard & Poor’s to proceed
(Reuters) – A U.S. judge has allowed the California attorney general’s office to proceed with a lawsuit accusing Standard & Poor’s of misleading investors by inflating its credit ratings that led to investment losses, rejecting the rating agency’s effort to dismiss the case, a court filing showed.
Hong Kong’s Richard Li to tap ex-AIA deputy as new insurance CEO: sources
HONG KONG (Reuters) – Hong Kong businessman Richard Li, the youngest son of Asia’s richest man, will appoint a former top executive at AIA Group Ltd as the CEO of his new insurance company, according to people with direct knowledge of the move.
Verizon delays acquisitions of Canadian wireless firms: report
(Reuters) – Verizon Communications Inc has decided to put off the acquisition of two small Canadian wireless companies until after a government auction of wireless licenses in January, a Canadian newspaper said, citing people familiar with the matter.
Japan government spokesman: No truth PM Abe instructed corporate tax cut
TOKYO (Reuters) – Japan’s Chief Cabinet Secretary Yoshihide Suga said on Thursday there is no truth to a report that Prime Minister Shinzo Abe instructed ministers to consider cutting the country’s corporate tax rate.
Chile’s Escondida copper mine hit by surprise strike
SANTIAGO (Reuters) – Workers began a surprise strike at the world’s largest copper mine, Chile’s Escondida, on Wednesday to demand improved working conditions and a bonus.
US Airways, American Airlines vow to fight U.S. government over merger
NEW YORK/ATLANTA (Reuters) – US Airways Group Inc and American Airlines vowed on Wednesday to fight the federal government’s anti-trust lawsuit in court by arguing their proposed $11 billion merger would promote competition.
Soros dumps US Airways, Tiger Consumer likes Facebook
NEW YORK (Reuters) – Billionaire investor George Soros dumped 7.85 million shares of US Airways Group Inc in the second quarter, a regulatory filing on Wednesday showed.
