BP veteran Browne builds US Gulf oil acreage
LONDON (Reuters) – Former BP chief executive John Browne is to preside over the biggest set of oil and gas assets in the shallower, mature section of the Gulf of Mexico after buying them from U.S.-based Apache Corp .
Euro gains currency among criminals
FRANKFURT (Reuters) – The euro is gaining in popularity – at least among criminals.
G20 back fundamental reform of corporate taxation
LONDON (Reuters) – The G20 backed a fundamental rethink of the rules on taxing multinational corporations on Friday, taking aim at loopholes used by companies such as Apple and Google to avoid billions of dollars in taxes.
Beacon focus of Boeing fire probe; investors remain on edge
LONDON/SEATTLE (Reuters) – British aviation investigators identified an emergency beacon made by Honeywell International Inc as a likely source of last week’s blaze on a Boeing Co 787 Dreamliner and called for it to be turned off, spurring a rally in B…
China, U.S. companies’ great hope, now a drag
NEW YORK (Reuters) – It’s official. China’s slowdown is starting to hurt corporate America.
Analysis: U.S. fuel export surge gives refiners surprise summer blockbuster
NEW YORK (Reuters) – In the middle of July, U.S. refiners are normally doing a brisk business selling their fuel close to home, revving up output to meet peak driving demand.
Analysis: Morgan Stanley stock traders rebuild burned bridges
NEW YORK (Reuters) – As Morgan Stanley’s share price went on a headlong descent during the financial crisis in 2008, then-Chief Executive John Mack personally lobbied regulators to stop short-selling temporarily.
Coke likely to face Vitaminwater class-action, but not for money
(Reuters) – A U.S. federal judge has recommended that Coca-Cola Co face a class-action lawsuit accusing it of misleading consumers by overstating the health benefits of its Vitaminwater drink.
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…
BAE Systems protests U.S. Navy contract award to Raytheon
WASHINGTON (Reuters) – Britain’s BAE Systems PLC on Thursday filed a formal protest against the U.S. Navy’s decision to award a contract for a next-generation electronic jammer to Raytheon Co , a U.S. spokesman for the company said.
