Retailers plan Bangladesh factory inspections under safety pact
ZURICH (Reuters) – A group of mainly European retailers has finalized a plan to conduct coordinated inspections of factories in Bangladesh in an attempt to prevent a repeat of the Rana Plaza disaster that killed 1,129 people in April.
Red tape, graft mean India not such a super market for Wal-Mart
MUMBAI (Reuters) – Wal-Mart’s India expansion is stalled.
Is struggling shipbuilder China Rongsheng too big to fail?
HONG KONG/BEIJING (Reuters) – An appeal for government financial support from China’s biggest private shipbuilder presents authorities with some stark choices between protecting a big employer and its jobs or letting the firm go under to ease pressure …
Greece, foreign lenders close in on deal to unlock aid
ATHENS/AIX-EN-PROVENCE, France (Reuters) – Greece is likely to reach a deal with foreign lenders on its latest bailout review before a meeting of euro zone finance ministers on Monday to decide on further aid, EU and Greek officials said on Sunday.
App developer Shazam gets $40 million backing from tycoon Carlos Slim
LONDON (Reuters) – Smartphone app developer Shazam has found an unlikely ally in the form of Carlos Slim, one of the world’s richest men, who is investing $40 million to back the development of the start-up best known for helping music fans identify ca…
UnitedHealth Group stock to rise in Obamacare rollout: Barron’s
NEW YORK (Reuters) – The stock of U.S. insurer UnitedHealth Group could rise 40 percent over the next two years as Obamacare is fully rolled out, business weekly Barron’s said in its July 8 edition.
Vivendi mulls cash move on Activision: report
PARIS (Reuters) – Vivendi is exploring alternative moves to extract cash from its Activision Blizzard unit after failing to sell part of its 61-percent stake in the U.S. video games business, the Financial Times reported on its website on Sunday.
German air force bill for Eurofighters escalates: report
BERLIN (Reuters) – The German air force’s bill for an order of 180 Eurofighter jets is rising beyond the planned 14.7 billion euros, said a German magazine on Sunday.
Temasek has not approached UK over Lloyds stake: sources
LONDON (Reuters) – Singapore state investor Temasek has not approached the British government about buying a 4.5 billion pound ($6.70 billion) stake in part-nationalized Lloyds Banking Group , industry sources told Reuters on Sunday.
Ex-Thai PM in talks to buy Bakrie’s stake in Bumi Plc: report
LONDON (Reuters) – Former Thai prime minister Thaksin Shinawatra is in talks to buy the Bakrie family’s 23.8 percent stake in Indonesia-focused coal miner Bumi Plc , a report on Sunday said.
