Canada to shut down rail firm involved in Quebec town disaster
OTTAWA (Reuters) – Canada will shut down the rail operator whose tanker train blew up in a Quebec town last month, killing 47 people, because the firm does not have enough insurance to pay clean-up costs and other damages, a government regulator said o…
Larry vs. Larry: Oracle’s Ellison says Google’s Page acted ‘evil’
(Reuters) – Google’s informal motto is “don’t be evil,” but outspoken Silicon Valley billionaire Larry Ellison has accused the Internet company’s CEO, Larry Page, of acting “absolutely evil.”
Questrom said Ackman did what was right for J.C. Penney board: CNBC
NEW YORK (Reuters) – Former J.C. Penney chief executive Allen Questrom said Tuesday that activist investor William Ackman did what was right for the company’s board, CNBC reported.
Federal judge named as mediator in Detroit bankruptcy case
DETROIT (Reuters) – The judge overseeing Detroit’s bankruptcy case named a federal judge, Gerald Rosen, as the judicial mediator in the city’s Chapter 9 proceedings, according to a court filing on Tuesday.
FBI arrests two in international penny stock scheme
NEW YORK (Reuters) – Federal prosecutors on Tuesday said they have made arrests in an international penny stock scheme that involved fraudulently inflating shares prices and trading volumes.
U.S. watchdog unveils plan to overhaul audit reports
WASHINGTON (Reuters) – A U.S. regulator unveiled a controversial proposal on Tuesday that would require auditors to reveal more details about the publicly traded companies whose books they examine, a move intended to arm investors with more information…
U.S. business inventories flat, could weigh on second-quarter GDP
WASHINGTON (Reuters) – Inventories at U.S. businesses were flat in June and firms outside the auto sector cut back on restocking, which might weigh against estimates for economic growth in the second quarter.
Whirlpool buys 51 percent stake in China white goods maker
(Reuters) – Home appliance maker Whirlpool Corp said it will acquire a controlling stake in Hefei Rongshida Sanyo Electric Co Ltd for $552 million to expand in China’s fast-growing market for washing machines and fridges.
Whirlpool buys 51 percent stake in China white goods maker
(Reuters) – Home appliance maker Whirlpool Corp said it will acquire a controlling stake in Hefei Rongshida Sanyo Electric Co Ltd for $552 million to expand in China’s fast-growing market for washing machines and fridges.
U.S. auto repossessions for non-payment of loans drops
DETROIT (Reuters) – Car buyers in the United States are better at keeping current with their loan payments, a report by Experian Automotive shows.
