China agrees to currency, procurement reforms in talks with U.S
WASHINGTON (Reuters) – China acknowledged U.S. concerns about cyber theft of intellectual property and trade secrets and agreed to steps that would open its financial and government procurement markets, the U.S. Treasury Department said on Friday.
Michael Kors sues Costco for false advertising
NEW YORK (Reuters) – Upscale fashion accessories maker Michael Kors Holdings Ltd sued Costco Wholesale Corp on Friday, accusing the largest U.S. warehouse club retailer of running a “bait-and-switch” false advertising scheme.
Hyundai’s U.S. sales still on track to grow 4.4 percent this year: executive
SUPERIOR TOWNSHIP, Michigan (Reuters) – Hyundai Motor Co still expects its U.S. sales to grow by 4.4 percent this year even though it is dealing with production capacity constraints brought on by the South Korean automaker’s decision to slow expansion …
U.S. trade chief urges India to heed U.S. companies’ complaints
WASHINGTON (Reuters) – U.S. Trade Representative Michael Froman urged India on Thursday to reverse course on policies that he said discriminated against American companies and were fraying relations between the world’s two largest democracies.
Shuanghui’s $4 billion loan raises $5 billion so far
LONDON (Reuters) – The $4 billion loan backing Chinese pork producer Shuanghui International’s $4.7 billion bid for U.S. meat processor Smithfield Foods has raised $5 billion from banks so far and could rise to $9 billion, banking sources said on Frida…
Schneider offer fuels talk of $5 billion Invensys bid battle
LONDON/PARIS (Reuters) – The prospect of a bid battle powered Invensys shares to a ten-year high on Friday, after the British engineer said it had received a 3.3 billion pound ($5 billion) takeover proposal from France’s Schneider Electric .
Schneider offer fuels talk of $5 billion Invensys bid battle
LONDON/PARIS (Reuters) – The prospect of a bid battle powered Invensys shares to a ten-year high on Friday, after the British engineer said it had received a 3.3 billion pound ($5 billion) takeover proposal from France’s Schneider Electric .
U.S., EU negotiators say trade talks off to a good start
WASHINGTON (Reuters) – Trade talks between the United States and the European Union got off to a good start, but hard bargaining will be required to reach a deal by the goal of late 2014, U.S. and EU trade officials said on Friday.
Ex-Morgan Stanley executives leave Rosneft-owned bank
MOSCOW (Reuters) – Three former Morgan Stanley veterans have left a bank owned by Russian oil giant Rosneft , which said it was moving to focus the business on corporate and retail banking.
Consumer sentiment slips slightly in early July
NEW YORK (Reuters) – Consumer sentiment waned slightly in early July, as Americans were more optimistic about current economic conditions than they have been in six years, but that was offset by a decline in confidence over the recovery’s prospects, a …
