Insight: Corporate sleuths on edge after China detains foreign consultants
SHANGHAI (Reuters) – The detention by Chinese authorities of a British corporate investigator and his American wife in the wake of a corruption probe into pharmaceutical giant GlaxoSmithKline has had a chilling effect on other risk consultants working …
BNP Paribas plans Germany expansion after earnings fall
PARIS (Reuters) – French bank BNP Paribas plans to expand in Germany, Europe’s biggest economy, after cost cuts failed to stem sliding quarterly earnings in flagging markets like Italy.
Euro zone unemployment falls for first time in two years
BRUSSELS (Reuters) – The number of people unemployed in the euro zone fell for the first time in more than two years in June, the latest sign that the bloc’s economy may be pulling out of recession, while inflation held steady in July, fuelled by spend…
Apple CEO met China Mobile head, discussed cooperation
BEIJING/SINGAPORE (Reuters) – Apple Inc CEO Tim Cook on Tuesday met with the head of China Mobile Ltd, the world’s largest mobile carrier by subscribers and the only Chinese carrier that doesn’t offer iPhones and iPads.
Honda first-quarter profit lower than expected, cautious on emerging markets
TOKYO (Reuters) – Honda Motor Co announced a lower than expected 5.1 percent rise in quarterly operating profit after sales in Japan dropped following the end of subsidies and as it lagged behind rivals in selling profitable SUVs and pickups in the U.S…
Analysis: Ford could close U.S. pension funding gap by end of 2014
DETROIT (Reuters) – Thanks to rising interest rates and an injection of cash, Ford Motor Co could be in a position that would have been unthinkable only a few years ago – with a fully funded U.S. pension fund.
Accenture in talks to acquire rival Booz & Co: WSJ
NEW YORK (Reuters) – Management consulting firm Accenture Plc is in talks to acquire rival Booz & Co, a deal that would beef up its strategy and operations consulting services, the Wall Street Journal reported on Tuesday, citing people familiar with the matter.
Ex-workers sue Apple, seek overtime for daily bag searches
SAN FRANCISCO (Reuters) – Two former Apple Inc employees have accused the iPhone maker in a lawsuit of subjecting hourly store workers to daily searches while they were off-the-clock, arguing they should be compensated.
Facebook stock almost hits IPO price, 14 months after rocky debut
SAN FRANCISCO (Reuters) – Facebook Inc’s stock on Tuesday came within a hair of reclaiming its $38 debut price for the first time since going public in 2012, a milestone in the social networking company’s effort to wipe away Wall Street’s skepticism of…
Fiat wins partial victory in bid to own all of Chrysler
(Reuters) – Fiat won a partial victory on Tuesday in its path to a full buyout of Chrysler after a U.S. judge accepted the Italian carmaker’s legal positions in two pivotal disputes with an autoworkers’ health-care trust that is a minority Chrysler sha…
