Opponents of Dell buyout say don’t delay vote
(Reuters) – Opposition to Michael Dell’s bid to take his computer company private grew on Wednesday, and billionaire Carl Icahn argued Dell Inc had no right to delay a shareholder vote, even if the deal looked more likely to fail.
Consolidating after Bernanke, focus flips to G20 and Japan
LONDON (Reuters) – World shares were steady near all-time highs and the dollar and benchmark U.S. Treasuries and Bunds firmed on Thursday, as the head of the Federal Reserve left markets assessing how to handle the inevitable phasing out of its support…
Exclusive: Australia’s Rinehart clears hurdles on $10 billion iron ore project – sources
SYDNEY/SEOUL (Reuters) – Australian mining magnate Gina Rinehart’s $10 billion Roy Hill iron ore project has overcome key hurdles holding up debt negotiations, a move that could pave the way for the mine to start producing by September 2015, sources sa…
German finance minister says multinationals must pay fair taxes
BERLIN (Reuters) – German Finance Minister Wolfgang Schaeuble will push to stop multinational companies shifting profits to tax havens and is confident the Group of 20 nations meeting in Moscow this week will agree on common standards.
Honda aims to make Acura in China by 2016
BEIJING (Reuters) – Japan’s Honda Motor Co is planning to produce Acura cars in China with a local partner starting in 2016, part of an effort to tap growing demand for upscale vehicles in the world’s biggest auto market.
Analysis: Bank of America’s interest-rate exposure may be worse than rivals’
NEW YORK (Reuters) – Bank of America Corp’s balance sheet suffered from rising bond yields in the second quarter, suggesting that the second-largest U.S. bank may be more exposed to interest-rate risk than some of its major rivals.
Eli Lilly to freeze employee base pay ahead of generic onslaught
NEW YORK (Reuters) – U.S. drugmaker Eli Lilly & Co , which expects to lose about 20 percent of its global revenue next year due to the expiration of key drug patents, is suspending base pay increases for most employees in 2014 to cut costs.
Johnson & Johnson agrees to pay $22.9 million to end recall lawsuit
NEW YORK (Reuters) – Johnson & Johnson has agreed to pay $22.9 million to end a lawsuit from investors who claimed the company concealed quality-control failures that culminated in a broad recall of children’s medicines, according to court filings.
China blocks GSK finance head from leaving country
LONDON (Reuters) – Chinese authorities investigating the alleged bribery of doctors and officials by GlaxoSmithKline have stopped the drugmaker’s head of finance for China, a British citizen, from leaving the country, a company spokesman said on Wednes…
Exclusive: GM delays Chevy Cruze debut by a year – sources
DETROIT (Reuters) – General Motors Co has delayed the launch of the next-generation Chevrolet Cruze by a year due to engineering changes and a desire to squeeze more sales from the small car before it is redesigned, people familiar with the U.S. automa…
