Insight: Inside the battle at Germany’s Siemens
MUNICH/FRANKFURT (Reuters) – Tension in the highest ranks of German engineering giant Siemens had been brewing for months when top managers gathered late last month to review the state of the business.
What student debt? How the other millennials think about money
NEW YORK (Reuters) – When Josh McFarland graduated from Stanford he owed $40,000 in student loans and couldn’t fathom a way he’d ever pay it off and have a future for himself – not unusual for the typical young adult these days. Then he went to work fo…
French bank Natixis to shed up to 700 workers: report
PARIS (Reuters) – French bank Natixis plans to shed 500 to 700 workers with a voluntary departure scheme that is to be negotiated with unions in September, the Journal de Dimanche reported on Sunday.
Vodafone sues Telecom Italia for one billion euros
MILAN (Reuters) – British telecoms provider Vodafone Group is suing Telecom Italia for abusing its dominant position in Italy, seeking damages of more than 1 billion euros ($1.3 billion).
Analysis: T.J. Maxx, others look past chaos to e-commerce bonanza
NEW YORK (Reuters) – U.S. low-price retailer T.J. Maxx plans to open an online store this year, as does rival Saks Inc’s Off Fifth outlets, making 2013 the year technology may have caught up with the speed of fashion.
Daimler to build Mercedes plant in Brazil: magazine
FRANKFURT (Reuters) – German carmaker Daimler plans to build a new plant in Brazil as rising taxes on foreign vehicles make it more difficult to sell imported cars in the Latin American country, a magazine reported on Sunday.
Insight: Untangling the UK bid for a Bulgarian pension fund
LONDON/SOFIA (Reuters) – British company United Capital, which agreed last month to buy most of Bulgaria’s biggest private pension fund Doverie, has no stock market listing, no website and no phone number.
Isuzu to use GM engines in new pick-up truck made in India: Nikkei
TOKYO (Reuters) – Japanese truck maker Isuzu Motors Ltd will use diesel engines made by General Motors Co in its new pick-up truck made in India to cut costs and lessen the burden of technology development, the Nikkei daily reported on Sunday.
Obama administration overturns ban on some iPad, iPhones
WASHINGTON (Reuters) – The Obama administration has overturned a U.S. trade panel’s ban on the sale of some older iPhones and iPads, reversing a ruling that had favored Samsung Electronics Co Ltd over Apple Inc in their long-running patent battles.
Obama administration overturns ban on some iPad, iPhones
WASHINGTON (Reuters) – The Obama administration has overturned a U.S. trade panel’s ban on the sale of some older iPhones and iPads, reversing a ruling that had favored Samsung Electronics Co Ltd over Apple Inc in their long-running patent battles.
