Airbus raises 2013 order target to over 1,000 jets
TOULOUSE, France (Reuters) – European jetmaker Airbus has raised its order target for 2013 to more than 1,000 aircraft, compared with a previous goal of over 800, sales chief John Leahy told Reuters on Friday.
How GlaxoSmithKline missed red flags in China
LONDON (Reuters) – With more compliance officers in China than in any country bar the United States, British drug maker GlaxoSmithKline Plc seemed well-positioned to do things right.
Moody’s: Detroit bankruptcy filing credit negative
WASHINGTON (Reuters) – The bankruptcy filing by Detroit is a credit negative, Moody’s Investors Service said on Thursday, because it creates uncertainty for bondholders, will likely interrupt payments on general obligation and limited tax bonds, and be…
India police agency says Wal-Mart violated investment rules
MUMBAI (Reuters) – Wal-Mart Stores Inc violated Indian rules governing foreign investment, the Central Bureau of Investigation (CBI), the country’s top police agency, said in a letter to a member of parliament and seen by Reuters.
GSK emerging markets head sent to handle China crisis: source
LONDON (Reuters) – GlaxoSmithKline has sent its head of emerging markets to China to lead the drugmaker’s response to an unfolding crisis over alleged bribery and corruption, a person familiar with the situation said on Friday.
Former brokers in UK court on Libor fraud charges
LONDON (Reuters) – Two former brokers appeared in a London court on Friday accused of conspiracy to defraud in connection with a global investigation into the Libor interest rate rigging scandal, as prosecutors broaden their inquiry beyond big banks.
Shares dip, but set for fourth week of gains
LONDON (Reuters) – World stocks fell back on Friday, but were set for a fourth week of back-to-back gains following generally strong U.S. earnings and assurances from the Federal Reserve about its plans for stimulus withdrawal.
Daimler CEO uses windfall gain to buy $1.5 million in stock
(Reuters) – The embattled chief executive of German luxury carmaker Daimler , Dieter Zetsche, purchased roughly 1.15 million euros ($1.51 million) worth of stock on Wednesday using the proceeds from share options granted nearly 10 years ago.
China widens drug industry probe, visits Belgium’s UCB
BRUSSELS/LONDON (Reuters) – Belgian drugmaker UCB has been visited by Chinese authorities as the country widens investigations into bribery by drugmakers, following allegations against Britain’s GlaxoSmithKline.
Vodafone sees no let-up from European woes
LONDON (Reuters) – Vodafone said it did not expect any let-up in the pressures weighing on its business, as the world’s second-largest mobile operator reported first-quarter results hit by regulation and recession across Europe.
