Analysis: ECB lending revamp risks more pain in Spain
FRANKFURT (Reuters) – Spanish banks risk their troubles being compounded by a jump in the cost of lifeblood funding from the European Central Bank.
Burger King profit beats estimates as costs fall
(Reuters) – Burger King Worldwide Inc reported a higher-than-expected 30 percent rise in quarterly profit, helped by a sharp fall in costs as the third-biggest U.S. hamburger chain moves to a fully franchised model.
Honda seeks to recover U.S. market share; Mazda, Subaru grow
TOKYO (Reuters) – Honda Motor Co aims to recover market share in its biggest market the United States, where it slightly dropped in the first half of 2013, banking that its redesigned SUV will help boost sales.
Siemens names CFO to lead turnaround after dumping CEO
FRANKFURT (Reuters) – German engineering group Siemens named finance chief Joe Kaeser as its new boss after dumping Chief Executive Peter Loescher four years before the end of his contract following a second profit warning this year.
Investors on edge as central bank decisions, data loom
LONDON (Reuters) – Caution before potentially game-changing central bank policy decisions and data undermined stock and oil prices on Wednesday, overshadowing figures that offered hope Europe’s economy might pick up soon.
Humana profit rises on growth in retail, employer units
(Reuters) – Health insurer Humana Inc said on Wednesday that its second-quarter profit rose 18 percent, helped by growth in both its direct-to-customer division and the unit that markets plans to employers.
Schneider Electric agrees $5.2 billion takeover of Invensys
PARIS (Reuters) – France’s Schneider Electric is to buy British engineer Invensys for an agreed 3.4 billion pounds ($5.2 billion) to strengthen its high-margin industrial automation business and win more custom in the fast-growing energy sector.
EADS changes name to Airbus, raises jet order goal
PARIS (Reuters) – EADS will combine its defense and space units and take the name of its flagship brand Airbus, adopting a similar structure and style to arch-rival Boeing as it targets higher profits.
Siemens third-quarter core profit misses expectations
FRANKFURT (Reuters) – German engineering group Siemens reported a drop in core operating profit as it announced a change in its top management.
EADS to keep French space activities in France: strategy chief
PARIS (Reuters) – EADS said on Wednesday its French space activities would stay in France as it reorganizes defense and space assets into one German-headquartered unit.
