Ford sues Japanese parts maker on claims of price-fixing
(Reuters) – Ford Motor Co has sued Japanese auto-parts supplier Fujikura Ltd , claiming a conspiracy to fix the prices of electrical systems used in vehicles, the latest civil lawsuit filed in the wake of a related criminal investigation by the U.S. Ju…
Honeywell says would remove 787 beacons if asked as fire probed
WASHINGTON (Reuters) – Honeywell International Inc on Wednesday said it would temporarily remove its emergency locator beacons from Boeing 787s if asked to do so under recommendations that sources said British authorities could release within days as p…
Former Goldman director Gupta fined, banned in SEC case
(Reuters) – Former Goldman Sachs Group Inc. director Rajat Gupta was ordered to pay a $13.9 million civil penalty and banned from serving as an officer or director of a public company for having illegally passed corporate secrets to former hedge fund m…
Kinder Morgan eyes participating in condensate exports
HOUSTON (Reuters) – Kinder Morgan Energy Partners LP expects to participate in export facilities for condensate from the Eagle Ford shale oil play in Texas, Chief Executive Richard Kinder told analysts on Wednesday.
Wall St. gets a lift from Bernanke’s flexible Fed view
NEW YORK (Reuters) – Stocks ended modestly higher on Wednesday after Federal Reserve Chairman Ben Bernanke said the timeline for winding down the central bank’s stimulus program was not set in stone.
IBM raises ’13 outlook; second-quarter earnings beat, revenue drops
(Reuters) – IBM , the world’s largest technology services company, raised its full-year outlook as it cut costs and reported second-quarter earnings that beat estimates.
Designing cars in China: Can Nissan give “daqi” global appeal?
BEIJING (Reuters) – Nissan Motor Co. plans to start selling more China-inspired cars around the world, its design chiefs said, a nod to the growing importance of China’s auto market and the country’s up-and-coming design talent.
Exclusive: U.S. seeks new tactic in financial crisis prosecutions
NEW YORK (Reuters) – U.S. federal prosecutors are considering a new strategy for criminally charging Wall Street bankers who packaged and sold bad mortgage loans at the height of the housing bubble, according to a federal official familiar with the inv…
Trian’s Peltz says PepsiCo should buy Mondelez
NEW YORK (Reuters) – Activist shareholder Nelson Peltz said on Wednesday he wants PepsiCo Inc to buy Mondelez International Inc for around $35 a share in a deal that would be worth $62.46 billion and create a snack food powerhouse selling everything fr…
Bernanke hearing turns into eulogy over his tenure at Fed
WASHINGTON (Reuters) – With a smile periodically playing across his face, Ben Bernanke almost looked pleased to face questions from members of the House of Representatives on Wednesday, but that might be because he knows that it was for the last time.
