Ford to pay $17 million in U.S. settlement over slow recall
DETROIT (Reuters) – Ford Motor Co agreed to pay nearly $17.4 million in a settlement with U.S. auto safety regulators for failing to act quickly enough last year to recall vehicles with a defect that may cause unintended acceleration.
Polish state mining group JSW warns of 2013 loss on coal price slump
WARSAW (Reuters) – State-controlled JSW , the biggest coking coal producer in the European Union, risks making an unexpected net loss in the third quarter and remaining in the red for the full year due to slumping coal prices, its chief executive said….
Time Warner Cable posts weak Internet numbers, sparks deal talk
(Reuters) – Time Warner Cable Inc reported quarterly revenue below analysts’ estimates as it added less than half the number of subscribers for high-speed data services that analysts had expected.
Uralkali cartel move could mean cut to junk: Moody’s
MOSCOW (Reuters) – A move by Russian potash miner Uralkali to break out of a venture with its Belarus partner could push its credit rating into junk territory, as cash and debt levels come under pressure, rating agency Moody’s warned.
Chesapeake profit tops Street estimate, review underway
(Reuters) – Chesapeake Energy Corp’s new Chief Executive Doug Lawler on Thursday said a comprehensive review of the company’s partnerships and assets is underway as the second largest U.S. natural gas provider seeks to simplify its structure and improv…
Europe’s factories grow, U.S. manufacturing at two-year high
NEW YORK/LONDON (Reuters) – U.S. manufacturing grew in July at its fastest pace in two years while European factories snapped a two-year run of declining output, suggesting a prolonged euro zone recession may be near its end.
ECB holds rates, confirms no move for ‘extended period’
FRANKFURT (Reuters) – The European Central Bank left interest rates at a record low 0.5 percent on Thursday and affirmed that they will remain there for some while to come and could yet fall further.
Kellogg trims sales view on weaker U.S. demand
(Reuters) – Food company Kellogg Co trimmed its 2013 sales forecast on Thursday, citing weaker demand in the United States and the stronger dollar.
Exxon’s quarterly profit falls short of Street view
(Reuters) – Exxon Mobil Corp on Thursday reported a sharp fall in quarterly profit on lower oil and gas output production and weaker earnings from its refining business.
Macy, Penney to wrap up trial on Martha Stewart home goods dispute
NEW YORK (Reuters) – A New York state judge could decide as soon as Thursday whether J.C. Penney Co Inc can sell certain Martha Stewart-branded home goods despite rival Macy’s Inc’s exclusive deal with the doyenne of U.S. home decor.
