U.S. court restores consumers’ suit airing Whirlpool washers’ laundry
NEW YORK (Reuters) – A federal appeals court reinstated a class action lawsuit against Whirlpool Corp on Thursday in a victory for consumers whose group lawsuit had been wiped out by the U.S. Supreme Court.
Jobless rates drop in 11 U.S. states in June: Labor Department
WASHINGTON (Reuters) – Jobless rates fell in only 11 U.S. states in June, the Labor Department said on Thursday in a report revealing the bumps on the road to economic recovery.
EADS set to reorganize, may change name to Airbus
PARIS/BERLIN (Reuters) – EADS is set to reorganize some business units as part of a strategy review that could also see the European aerospace group change its name to Airbus, people familiar with the matter said on Thursday.
Google quarterly results miss estimates, Motorola weighs
SAN FRANCISCO (Reuters) – Google Inc reported second-quarter results short of Wall Street’s estimates as weakening prices for the Internet company’s ads and widening losses from its Motorola mobile phone business weighed on the bottom line.
Developer can’t recover World Trade Center damages from airlines
NEW YORK (Reuters) – Developer Larry Silverstein cannot recover billions of dollars from airlines over the September 11, 2011, destruction of the World Trade Center in New York because insurers have already compensated his company, a federal judge rule…
Exclusive: Pfizer not moving forward with Onyx bid: sources
NEW YORK (Reuters) – Pfizer Inc decided not to pursue a bid for Onyx Pharmaceuticals Inc this week, according to two people familiar with the matter, leaving Amgen Inc in the front position to buy the cancer drugmaker.
Panasonic, Sanyo, LG Chem in price-fixing plea deals: U.S.
WASHINGTON (Reuters) – Panasonic Corp , its subsidiary Sanyo Electric Co Ltd and LG Chem Ltd agreed to plead guilty to separate price-fixing allegations involving automotive parts and notebook computer battery cells, the U.S. Justice Department said on…
Jeep Cherokee 2014 production to hit full stride by September
TOLEDO, Ohio (Reuters) – Production of Chrysler Group LLC’s new 2014 Jeep Cherokee is expected to reach full capacity by September, the company said on Thursday.
Morgan Stanley quarterly profit jumps on stock trading
(Reuters) – Morgan Stanley posted a 42 percent increase in quarterly profit on Thursday as stock trading revenue soared, and the bank announced its first buyback plan since the financial crisis, in the latest signs that the No. 2 U.S. investment bank i…
Bernanke: premature to say if ‘mixed’ data will delay bond taper
WASHINGTON (Reuters) – Federal Reserve Chairman Ben Bernanke said on Thursday it was too soon to judge if recent “mixed” signals from the U.S. economy would prompt the central bank to delay plans to trim its bond buying later this year.
